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Trading - Textile Products
Corporate Governance12 May 2026, 03:16 pm

Standard Industries Reappoints Khurshed Thanawalla as Director

AI Summary

Standard Industries Ltd has announced the reappointment of Shri Khurshed Thanawalla as a Non-Executive Independent Director for a five-year term starting May 19, 2027. The decision was made based on the recommendation of the Nomination & Remuneration Committee. The board also approved the audited financial results for the quarter and financial year ended March 31, 2026, recommended a final dividend of Re. 0.25 per share, and approved the assignment/transfer of development rights for land in Mumbai to Prabhadevi Developer Private Limited.

Key Highlights

  • Khurshed Thanawalla reappointed as Non-Executive Independent Director for five years.
  • Final dividend of Re. 0.25 per share recommended for FY26.
  • Record date for dividend entitlement fixed as August 11, 2026.
  • Development rights for land in Mumbai assigned to Prabhadevi Developer Private Limited for ₹169.51 Cr plus area allocation.