Management Change5 May 2026, 06:11 pm
Mafatlal Industries: CEO Raghunath Retires, Mafatlal Appointed
AI Summary
Mafatlal Industries Ltd. announces the retirement of CEO Mr. M. B. Raghunath effective May 31, 2026, after three decades of service. He will continue to contribute in Strategy & Projects. Mr. Priyavrata H. Mafatlal is appointed as CEO in addition to his role as Managing Director for a three-year term starting June 1, 2026, subject to shareholder approval. The board also approved audited financial results for FY26, recommended a final dividend of ₹1.25 per share, and scheduled the AGM for August 7, 2026. M/s. B. Desai & Co. is appointed as the Cost Auditor for FY27. Mr. Hrishikesh A. Mafatlal is re-appointed as an Executive Director for two years.
Key Highlights
- Mr. M. B. Raghunath to retire as CEO on May 31, 2026; to continue in Strategy & Projects.
- Mr. Priyavrata H. Mafatlal appointed as CEO in addition to Managing Director role.
- Final dividend of ₹1.25 per share recommended for FY26, subject to shareholder approval.
- 112th Annual General Meeting scheduled for August 7, 2026, via video conferencing.
- Mr. Hrishikesh A. Mafatlal re-appointed as Executive Director for two years.
Price Impact
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