PI Industries FY26: Recommends Final Dividend, Board Changes

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AuthorVihaan Mehta|Published at:
PI Industries FY26: Recommends Final Dividend, Board Changes
Overview

PI Industries' Board has approved its FY26 financial results, recommending a final dividend of ₹10 per equity share. The company also announced significant directorial changes, including the Joint Managing Director's move to a Non-Executive Director role.

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PI Industries Board Approves FY26 Results, Recommends Final Dividend

PI Industries' Board of Directors met on May 19, 2026, to finalize the audited financial results for the fiscal year ending March 31, 2026.

Financial Highlights for FY26:

  • Standalone Revenue: ₹13,914 million
  • Standalone Profit After Tax (PAT): ₹1,978 million
  • Consolidated Revenue: ₹15,652 million
  • Consolidated PAT: ₹2,002 million

Dividend Recommendation

The Board recommended a final dividend of ₹10 per equity share. Combined with the interim dividend, the total dividend payout for FY26 is ₹15 per share, reflecting a commitment to shareholder returns.

Key Director Changes Approved

Significant leadership adjustments were also confirmed:

  • Mr. Rajnish Sarna: Will transition from Joint Managing Director to a Non-Executive, Non-Independent Director to focus on his health.
  • Mr. Arvind Singhal: A Non-Executive, Non-Independent Director, will retire at the upcoming Annual General Meeting (AGM).
  • Dr. Atul Kumar Gupta: Appointed as an Additional Director in the Executive Category and designated as Whole-Time Director for a three-year term starting May 19, 2026.
  • Dr. Marco Busch: Designated as Senior Management Personnel.

Furthermore, directors Mr. Rafael Del Rio Donoso, Mr. Shobinder Duggal, and Ms. Pia Singh were re-appointed to the Board. M/s K.G. Goyal & Co. were also re-appointed as Cost Auditors for FY 2026-27.

Strategic Implications

These financial results and the dividend payout underscore PI Industries' strong performance and dedication to its shareholders. The leadership changes, particularly the appointment of Dr. Atul Kumar Gupta as Whole-Time Director, signal a strategic recalibration and potential for new operational directions. Mr. Sarna's continued role as a Non-Executive Director ensures that his valuable experience remains accessible to the company.

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