Havells India Limited has released its financial results for the fourth quarter and the full financial year ending March 31, 2026. Following a successful fiscal year, the board has recommended a final dividend of Rs. 6 per equity share, representing a 600% payout. Additionally, the company announced key changes to its leadership, including the appointment of a new Independent Director and the reappointment of its statutory auditors and several board members.
Financial Highlights and Dividend
The company reported its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026, confirming an unmodified opinion from its auditors. Reflecting a robust performance, the Board of Directors has recommended a final dividend of Rs. 6 per equity share (face value of Re. 1/- each), bringing the total dividend payout for the financial year to 600%. This final distribution follows an earlier interim dividend of Rs. 4 per share declared during the same period.
Strategic Leadership Changes
As part of its organizational updates, Havells announced the appointment of Shri Varun Berry as an Independent Director for a five-year term. The company also confirmed the reappointments of Smt. Namrata Kaul, Shri Ashish Bharatram, Shri Puneet Bhatia, and Shri T V Mohandas Pai, ensuring continued strategic oversight.
The company further informed the exchanges that Shri Vivek Mehra has stepped down from the Board of Directors, effective April 22, 2026, relinquishing his roles within the CSR and ESG committees.
Audit and Governance
In a move to maintain strong financial oversight, the company has approved the reappointment of Price Waterhouse & Co Chartered Accountants LLP as the Statutory Auditors for a second consecutive five-year term, spanning from the conclusion of the 2026 Annual General Meeting until 2031. This decision aligns with the firm’s long-term commitment to high standards of financial transparency and corporate governance.
Source: BSE
