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, along with the auditors' reports, which received an unmodified opinion. The company recommended a final dividend of ₹1.5 per equity share (15%) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The dividend, if approved, will be paid within 30 days of declaration after deducting tax at source. The 16th AGM is scheduled to be held on Thursday, July 23, 2026, through Video Conferencing or Other Audio-Visual Means. The record date for the AGM and dividend is fixed as Thursday, July 9, 2026, and the cut-off date for e-voting is Thursday, July 16, 2026. The Register of Members and Share Transfer Books will remain closed from Friday, July 17, 2026, to Thursday, July 23, 2026, inclusive, for the AGM. In terms of auditor appointments, the term of the current statutory auditor, M/s. Pankaj R. Shah & Associates, will conclude at the upcoming AGM. The Board recommended the appointment of M/s. Mukesh M. Shah & Co. as the new Statutory Auditor for a period of five consecutive years (from the conclusion of the 16th AGM till the conclusion of the 21st AGM), subject to shareholder approval. Additionally, M/s. Kiran J. Mehta & Co. has been appointed as the Cost Auditor for the financial year 2026-27. M/s. Talati & Talati LLP and M/s. MAR & Co. have been appointed as the Internal Auditors for the Engineering business division and Solar EPC business division, respectively, for the financial year 2026-27. The Board also 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. Furthermore, the Board approved the re-appointment of four Independent Directors for a second term of five years each, effective from January 10, 2027, to January 9, 2032, subject to shareholder approval. These directors are Mr. Ambar Patel, Mr. Kunal Shah, Dr. Bhushan Punani, and Mr. Ramakrishnan Kasinathan. The Board meeting commenced at 11:30 a.m. and concluded at 1:00 p.m.
