PI Industries reported strong performance for the financial year ended March 31, 2026. The company announced a final dividend of Rs. 10 per share, bringing the total dividend for the year to Rs. 15 per share. Additionally, the company declared key leadership changes, including the appointment of Dr. Atul Kumar Gupta as a Whole-time Director and the resignation of Mr. Rajnish Sarna from his Joint Managing Director role.
Financial Performance Overview
For the financial year ended March 31, 2026, PI Industries achieved standalone revenue from operations of Rs. 61,827 million, with a profit for the year reaching Rs. 14,348 million. On a consolidated basis, the company reported revenue of Rs. 67,137 million and a consolidated profit of Rs. 13,208 million for the same period. The Board has recommended a final dividend of Rs. 10 per share, which, combined with the Rs. 5 interim dividend, results in a total annual payout of Rs. 15 per share.
Strategic Leadership Updates
The company announced significant changes to its board and senior management. Mr. Rajnish Sarna has stepped down as Joint Managing Director to prioritize his health but will continue to serve as a Non-Executive, Non-Independent Director. Furthermore, the Board appointed Dr. Atul Kumar Gupta as an Additional Director in the Executive Category, designated as a Whole-time Director for a three-year term effective May 19, 2026. Additionally, Ms. Lisa J Brown has been named the Lead Independent Director, and Dr. Marco Busch has been designated as a member of the Senior Management Personnel team.
Corporate Governance and Appointments
In line with strengthening its governance framework, the Board approved the re-appointment of M/s K.G. Goyal & Co. as Cost Auditors for the 2026-27 financial year. The company also confirmed the re-appointments of Mr. Rafael Del Rio Donoso as a Non-Executive, Non-Independent Director, and Mr. Shobinder Duggal and Ms. Pia Singh as Independent Directors for their respective second terms, all subject to shareholder approval at the upcoming Annual General Meeting.
Source: BSE
