Finolex Cables Approves Audited Results and Recommends 450% Dividend, Appoints New CEO & CFO
Finolex Cables approved audited standalone and consolidated financial results for the year ended March 31, 2026. The company recommended a 450% dividend (₹9 per share). Mr. Mahesh Viswanathan was elevated to CEO, and Mr. Sachin Naik appointed CFO, both effective June 1, 2026.
The declaration of a substantial dividend and the appointment of a new CEO and CFO are material events that can significantly impact investor perception and the company's strategic direction.
The company announced positive financial results and a significant dividend payout, along with key leadership appointments, which are generally viewed favorably by the market.
Finolex Cables Limited announced the outcome of its Board Meeting held on 28th May 2026.
The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31st March 2026. Additionally, the company recommended a dividend of 450%, equivalent to ₹9 per equity share of ₹2 each, for the financial year ended 31st March 2026. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
In a significant management update, the Board approved the elevation of Mr. Mahesh Viswanathan, currently Dy. CEO & CFO, to the position of Chief Executive Officer (CEO) effective 1st June 2026. Concurrently, Mr. Sachin Naik has been appointed as the new Chief Financial Officer (CFO), also effective from 1st June 2026.
The company also confirmed that Deloitte Haskins & Sells LLP has issued an unmodified audit report on the financial results for the period ended 31st March 2026. The Board Meeting commenced at 2:00 pm and concluded at 4:30 pm.
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Finolex Cables Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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