Finolex Cables Limited submitted its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, to the BSE Limited and the National Stock Exchange of India Limited. The board of directors approved the financial statements at a meeting held on May 28, 2026. The board meeting commenced at 2:00 pm and concluded at 4:30 pm on the same day.
The board recommended a dividend of Rs 9 per equity share for the financial year ended March 31, 2026. The proposed payout of 450 per cent is on the face value of Rs 2 per equity share. The dividend is subject to approval by shareholders at the ensuing annual general meeting of the company.
The board approved the elevation of Mahesh Viswanathan, previously designated as Deputy Chief Executive Officer and Chief Financial Officer, to the role of Chief Executive Officer, effective June 1, 2026. The elevation was made on the recommendation of the Nomination and Remuneration Committee.
Sachin Naik has been appointed as Chief Financial Officer of the company, effective June 1, 2026. Naik will oversee the finance function following Viswanathan's appointment as Chief Executive Officer.
The audited results cover the fourth quarter and the full financial year for both standalone and consolidated operations. Finolex Cables disclosed the results to the exchanges under Regulation 33 of the SEBI Listing Regulations, 2015, and the board meeting details under Regulation 30.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.