Havells India Announces Financial Results and Key Board Changes at Annual Meeting
Havells India Limited announced the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, following the outcomes of its Board of Directors meeting held on April 22, 2026. The Board also made recommendations regarding the declaration of a final dividend and key appointments to the Board.The Board of Directors recommended a Final Dividend of Rs. 6/- per equity share, representing 600% for the financial year 2025-26. This final dividend is in addition to the Interim Dividend, which was previously declared for the same financial year at Rs. 4/- per share. The Final Dividend is subject to shareholder approval at the forthcoming Annual General Meeting (AGM) and would be payable/dispatched on or before 30 days from the date of the AGM.
Board Appointments and Director Changes
The Board meeting also addressed several appointments and changes in the Board composition.The Board recommended the following re-appointments and appointments:
- Statutory Auditors: M/s Price Waterhouse & Co Chartered Accountants LLP was re-appointed as the Statutory Auditors for a second term of five consecutive years.
- Independent Director Appointment: Shri Varun Berry was appointed as an Independent Director for a first term of five years, effective April 22, 2026. Shri Berry retired as Vice Chairman & Managing Director&CEO of Britannia Industries Limited in November 2025 and brings 40 years of experience, having worked with companies like HUL and PepsiCo in India and overseas.
- Independent Director Re-appointment: Smt Namrata Kaul was re-appointed as an Independent Director for a second term of 5 years from the date of the ensuing AGM 2026. She is a career banker with over 30 years of experience, notably having served as Managing Director at Deutsche Bank AG.
- Independent Director Re-appointment: Shri Ashish Bharatram was re-appointed as an Independent Director for a second term of 5 years from the date of the ensuing AGM 2026. Shri Bharatram has extensive experience, having led SRF Group into a global conglomerate with operations across five countries.
- Non-Independent Director Re-appointments: The Board re-appointed Shri Puneet Bhatia and Shri TV Mohandas Pai, both liable to retire by rotation, for another term of 5 years from the date of the ensuing AGM 2026. Shri Puneet Bhatia is the Managing Director and Country Head of India for TPG Asia.
Director Resignation
The Board also noted the resignation of Shri Vivek Mehra as an Independent Director, effective April 22, 2026. The Board acknowledged Shri Mehra's contributions during his tenure as a Non-executive Independent Director. Consequent to his resignation, Shri Mehra also ceased to be the Chairman and a Member of the CSR & ESG Committee.The following table summarizes the key appointments and changes:
| Category | Name | Role / Tenure | Details |
|---|---|---|---|
| Financial Results | N/A | FY ended March 31, 2026 | Standalone and Consolidated Audited Financial Results presented. |
| Dividend Recommendation | N/A | Final Dividend | Rs. 6/- per equity share (600%) for FY 2025-26, plus Rs. 4/- Interim Dividend. |
| Statutory Auditors | M/s Price Waterhouse & Co | Re-appointment | Second term of 5 consecutive years. |
| New Director | Shri Varun Berry | Independent Director | First term of 5 years (Effective April 22, 2026). |
| Re-appointed Directors | Smt Namrata Kaul | Independent Director | Second Term of 5 years (from AGM 2026). |
| Shri Ashish Bharatram | Independent Director | Second Term of 5 years (from AGM 2026). | |
| Shri Puneet Bhatia | Non-Independent Director | Another Term of 5 years (from AGM 2026). | |
| Shri T V Mohandas Pai | Non-Independent Director | Another Term of 5 years (from AGM 2026). | |
| Resignation | Shri Vivek Mehra | Independent Director | Stepped down effective April 22, 2026. |
HAVELLS Stock Price Movement
Havells India Limited shed 0.29% today, concluding trading at ₹1348.7. The stock found support amid strong investor interest, trading a total volume of 4.82 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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