Key Agenda Items and Decisions

1. Financial Results Approval: The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March 2026, prepared under Regulation 33 of SEBI LODR Regulations. The statutory auditors, M/s S Jaykishan, issued an unmodified opinion on the financial results.

2. Dividend Recommendation: The Board recommended a dividend of ₹120 per equity share (1200% on face value of ₹10 each) for the financial year ended 31st March 2026. This dividend is subject to approval by shareholders at the ensuing Annual General Meeting and will be paid as per applicable guidelines.

3. Internal Auditor Appointment: Based on the recommendation of the Audit Committee, Mrs. Sanjukta Majumdar (Chartered Accountant, membership no. 056111) was appointed as Internal Auditor for FY 2026-27. Her profile indicates she is a professional CA engaged in audit and internal audit services. No relationships with directors were disclosed.

4. Continuation of Chairman & Managing Director: The Board approved the continuation of Mr. Gaurav Swarup (DIN: 00374298) as Chairman & Managing Director beyond the age of 70 years during his current term.

  • Mr. Swarup was re-appointed for 5 years from 1st February 2022 to 31st January 2027 following Board approval on 14th February 2022 and shareholder approval on 5th August 2022.
  • He will attain 70 years of age on 21st November 2026.
  • Continuation requires special resolution approval from shareholders under Section 196(3)(a) of Companies Act, 2013 and Regulation 17(1D) of SEBI LODR.
  • Mr. Swarup holds a Mechanical Engineering degree from Jadavpur University and an MBA from Harvard Business School. He has been with the company since 1990 and serves on boards of several other companies including Swadeshi Polytex Limited, Avadh Sugar & Energy Limited, KSB Limited, IFGL Refractories Limited, Paharpur Cooling Towers Limited, Medica Synergie Pvt Ltd, Garima Private Limited and Paharpur 3P Private Limited.
  • Family relationships disclosed: Ms. Devina Swarup (daughter) and Mr. Varun Swarup (son of Mr. Vikram Swarup, brother of Mr. Gaurav Swarup).
  • Mr. Swarup is not debarred from holding director office per any SEBI order.

Meeting Details

The Board Meeting commenced at 5:30 PM IST and concluded at 7:00 PM IST on 22nd May 2026.

Additional Information

The intimation is available on the company website: www.industrialprudnetial.com