Management Change5 May 2026, 06:21 pm
Mafatlal Industries CEO to Retire; Final Dividend of ₹1.25 Approved
AI Summary
Mafatlal Industries Ltd. announces the retirement of Mr. M. B. Raghunath, Chief Executive Officer, effective May 31, 2026, upon reaching 60 years of age. He will continue to contribute to the company in Strategy & Projects post-retirement. Mr. Priyavrata H. Mafatlal has been appointed as the new 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 the audited standalone and consolidated financial results for the year ended March 31, 2026, and recommended a final dividend of ₹1.25 per equity share. The 112th Annual General Meeting is scheduled for August 7, 2026, via video conferencing.
Key Highlights
- Mr. M. B. Raghunath to retire as CEO on May 31, 2026, and will continue to contribute in Strategy & Projects.
- Mr. Priyavrata H. Mafatlal appointed as CEO in addition to Managing Director role, effective June 1, 2026.
- Final dividend of ₹1.25 per equity share recommended for FY 2025-2026, subject to shareholder approval.
- 112th Annual General Meeting scheduled for August 7, 2026, via video conferencing.
- M/s. B. Desai & Co. appointed as the Cost Auditor for the financial year 2026-27.
Price Impact
More from MAFATIND