Lambodhara Textiles recommends 10% dividend, approves financial results and director re-appointments
Lambodhara Textiles reported audited financial results for the quarter and year ended March 31, 2026. The company recommended a 10% dividend (Re. 0.50 per share). Key management changes include re-appointment of three Whole-Time Directors and appointment of a new RTA.
The dividend recommendation and re-appointment of key personnel are positive developments that impact shareholder returns and corporate governance.
The company reported its financial results, recommended a dividend, and approved re-appointments of directors and auditors, indicating stable operations and governance.
Lambodhara Textiles Limited announced the outcome of its Board Meeting held on May 30, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion from the statutory auditors.
Key decisions included the recommendation of a dividend of Re. 0.50 per equity share (10% on face value) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM).
The Board also approved the re-appointment of M/s. C.S. Hanumantha Rao & Co. as Cost Auditors and Mrs. K.V. Anandhi as Internal Auditor for the financial year 2026-27. Furthermore, Cameo Corporate Services Limited has been appointed as the new Registrar and Share Transfer Agent (RTA) in place of MUFG Intime India Private Limited.
In terms of directorial appointments, the Board approved the re-appointment of Mr. Balu Narayanasamy, Mrs. Bosco Giulia, and Mr. Nishanth Balu as Whole-Time Directors for further periods of three years each, commencing July 1, 2026, September 28, 2026, and December 7, 2026, respectively. These re-appointments are subject to shareholder approval at the AGM.
The Board meeting commenced at 1:30 PM IST and concluded at 4:45 PM IST.
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Lambodhara Textiles 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 medium impact: worth reading, rarely worth acting on by itself.
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