Havells India has announced its financial results for the quarter and year ended March 31, 2026. The board has recommended a final dividend of Rs. 6 per share, bringing the total dividend for the 2025-26 fiscal year to Rs. 10 per share. Additionally, the company detailed significant changes to its leadership, including the appointment of a new independent director and the reappointment of several key board members and statutory auditors.
Strong Dividend Payout
Following the conclusion of the 2025-26 financial year, the Board of Directors has recommended a final dividend of Rs. 6 per equity share of Re. 1 face value, representing a 600% payout. This comes on top of the Rs. 4 per share interim dividend already declared during the year, highlighting the company’s commitment to returning value to its shareholders. The final dividend is subject to approval at the upcoming Annual General Meeting.
Strategic Leadership Changes
The company announced several key governance updates. Shri Varun Berry, formerly of Britannia Industries, has been appointed as an Independent Director for a five-year term effective April 22, 2026. Simultaneously, the company confirmed the reappointments of Smt. Namrata Kaul, Shri Ashish Bharatram, Shri T V Mohandas Pai, and Shri Puneet Bhatia to the Board, ensuring leadership continuity.
Board Resignation
The board also accepted the resignation of Shri Vivek Mehra, who stepped down as an Independent Director effective April 22, 2026. In his resignation, Shri Mehra cited health concerns linked to commuting to the National Capital Region. The company expressed its appreciation for his service and noted that his departure will lead to changes in the leadership of the CSR and ESG committees.
Auditor Reappointment
As part of its governance roadmap, the company has reappointed M/s Price Waterhouse & Co Chartered Accountants LLP as its Statutory Auditors for a second term of five consecutive years. This appointment will span from the conclusion of the 43rd Annual General Meeting in 2026 until the conclusion of the 48th AGM in 2031, reinforcing the company’s focus on long-term audit stability.
Source: BSE
