Board Meeting4 May 2026, 09:11 pm
SNL Bearings Reappoints Kaiyomarz Marfatia as Director
AI Summary
SNL Bearings Ltd has reappointed Mr. Kaiyomarz Minoo Marfatia as an independent director for a second term, effective May 31, 2026, for five years, subject to shareholder approval. The board also approved the audited financial results for the year ended March 31, 2026, and declared an interim dividend of ₹15 per equity share. The board meeting was held on May 4, 2026.
Key Highlights
- Kaiyomarz Minoo Marfatia reappointed as Independent Director for second term.
- Reappointment effective May 31, 2026, for five years, pending shareholder approval.
- Interim dividend of ₹15 per share declared; record date is May 8, 2026.
- Audited financial results for FY26 approved with unmodified opinion.
- No final dividend recommended for FY 2025-26 due to interim dividend.
Price Impact
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