Board Meeting29 May 2026, 08:51 pm
Tilaknagar Industries: ₹1 Dividend, Director Reappointments
AI Summary
Tilaknagar Industries' board approved the audited financial results for FY26, recommended a dividend of ₹1 per share, and approved the re-appointment of key managerial personnel including Mr. Amit Dahanukar as Chairman & Managing Director and Mr. Chemangala Ramachar Ramesh as Whole-Time Director. The board also approved the re-appointment of Internal and Cost Auditors, the incorporation of a wholly-owned subsidiary in Nigeria, and the amalgamation of two wholly-owned subsidiaries with Tilaknagar Industries. Additionally, 303,050 equity shares were allotted under ESOP schemes.
Key Highlights
- Recommended dividend of ₹1 per equity share (10%) for FY 2025-26.
- Re-appointed Mr. Amit Dahanukar as Chairman & Managing Director for three years.
- Re-appointed Mr. Chemangala Ramachar Ramesh as Whole-Time Director for three years.
- Approved incorporation of a wholly-owned subsidiary in Nigeria.
- Approved re-appointment of M/s. Akord & Co. as Internal Auditors and CY & Associates as Cost Auditors for FY 2026–27.
Price Impact
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