Havells India has announced its financial results for the quarter and year ended March 31, 2026, confirming an unmodified opinion from auditors. The Board recommended a final dividend of Rs. 6 per equity share, totaling a 600% payout for FY26. Additionally, the company announced strategic leadership changes, including the appointment of Shri Varun Berry as an Independent Director and the re-appointment of several key board members, alongside the resignation of Shri Vivek Mehra.
Financial Performance and Dividend Payout
Following the meeting held on April 22, 2026, the Board of Directors approved the standalone and consolidated audited financial results for the fourth quarter and the full financial year ended March 31, 2026. In a move to reward shareholders, the Board recommended a final dividend of Rs. 6 per equity share of Re. 1 face value. This follows an interim dividend of Rs. 4 per share already declared during the fiscal year, reflecting a strong commitment to value distribution.
Strategic Changes in Directorate
The company has fortified its leadership team with the appointment of Shri Varun Berry as an Independent Director for a five-year term effective April 22, 2026. Mr. Berry brings extensive experience from his tenure as Vice Chairman, Managing Director, and CEO at Britannia Industries.
Furthermore, the Board has approved the re-appointment of several existing Independent and Non-Independent Directors, including Smt. Namrata Kaul, Shri Ashish Bharatram, Shri T V Mohandas Pai, and Shri Puneet Bhatia for additional terms of five years, subject to shareholder approval at the upcoming Annual General Meeting.
Leadership Transition
The company also noted the departure of Shri Vivek Mehra, who stepped down as an Independent Director effective April 22, 2026, citing health reasons related to pollution in the NCR region. The Board expressed its sincere appreciation for his contributions to the firm and the various committees he chaired.
Audit Appointments
Demonstrating a commitment to robust corporate governance, the company has re-appointed M/s Price Waterhouse & Co Chartered Accountants LLP as the Statutory Auditors for a second consecutive term of five years, spanning from the conclusion of the 43rd AGM in 2026 until the conclusion of the 48th AGM in 2031.
Source: BSE
