Finolex Cables Board Approves FY26 Results, Recommends 450% Dividend, Appoints New CEO & CFO
Finolex Cables approved FY26 audited results and recommended a 450% dividend (₹9 per share). Mr. Mahesh Viswanathan is elevated to CEO, and Mr. Sachin Naik appointed CFO, both effective June 1, 2026. The Board Meeting concluded on May 28, 2026.
The approval of financial results, a substantial dividend payout, and significant changes in key leadership positions (CEO and CFO) are material events that are expected to have a high impact on the company's stock.
The announcement details positive financial results, a significant dividend recommendation, and key leadership appointments, all of 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.
Furthermore, the Board recommended a dividend of 450%, equivalent to ₹9 per equity share of ₹2 each fully paid up, for the financial year ended 31st March 2026. This recommendation is subject to the approval of shareholders at the upcoming Annual General Meeting.
In a significant management change, the Board approved the elevation of Mr. Mahesh Viswanathan, currently Dy. CEO & CFO, to the position of Chief Executive Officer (CEO) of the Company, effective from 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 Sell LLP has issued an audit report on the audited standalone and consolidated financial results for the period ended 31st March 2026. A declaration of an unmodified audit opinion, certified by the CFO, has been enclosed. 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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