Harsha Engineers International Limited announced the outcome of its Board Meeting held on May 7, 2026. The Board approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s Pankaj R. Shah & Associates, issued an unmodified opinion on these results. The Board recommended a final dividend of ₹1.5 per equity share (15%) for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The 16th AGM of the Company is scheduled to be held on Thursday, July 23, 2026, through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Consequently, Thursday, July 9, 2026, has been fixed as the Record Date for the AGM and dividend, and Thursday, July 16, 2026, as the cut-off date for electronic voting. The Register of Members and Share Transfer Books will be closed from Friday, July 17, 2026, to Thursday, July 23, 2026, inclusive, for the AGM. In other significant decisions, the Board recommended the appointment of M/s. Mukesh M. Shah & Co. as the new Statutory Auditor for a term of 5 consecutive years, commencing from the conclusion of the 16th AGM, subject to shareholder approval. They also appointed M/s. Kiran J. Mehta & Co. as the Cost Auditor for FY 2026-27 and M/s. Talati & Talati LLP and M/s MAR & Co. as Internal Auditors for the Engineering and Solar EPC business divisions, respectively, for FY 2026-27. Furthermore, the Board approved the formulation and implementation of the 'Harsha Engineers International Limited- Employee Stock Option Plan 2026' (ESOP 2026), subject to shareholder and regulatory approvals. A pool of 18,00,000 employee stock options will be granted under this plan. Additionally, the Board approved the re-appointment of four Independent Directors—Mr. Ambar Patel, Mr. Kunal Shah, Dr. Bhushan Punani, and Mr. Ramakrishnan Kasinathan—for a second term of 5 years each, effective from January 10, 2027, to January 9, 2032, subject to shareholder approval.
