Arihant Superstructures approves director changes and ₹0.25 dividend
- Shareholders approved re-appointment of Nimish Shah as Director
- Parth Chhajer and Bhavik Chhajer designated as Joint Managing Directors
- Final dividend of ₹0.25 per share declared for FY26
- Dr. Raghuveer Singh Rajpurohit's appointment as Independent Director regularized
*this image is generated using AI for illustrative purposes only.
Arihant Superstructures Limited shareholders approved key governance changes, including director re-appointments and designation updates, during the 43rd Annual General Meeting held on September 24, 2026.
The meeting, conducted in hybrid mode at The Regenza Tunga in Navi Mumbai, saw the adoption of audited financial statements for the year ended March 31, 2026. A total of 97 members attended the session, which concluded with e-voting on all proposed resolutions. The company also confirmed the declaration of a final dividend of ₹0.25 per equity share for FY26.
Key resolutions passed
Shareholders approved several ordinary and special business items, focusing on leadership stability and governance compliance. The key decisions included:
- Adoption of stand-alone and consolidated audited financial statements for FY26.
- Declaration of a final dividend of ₹0.25 per equity share.
- Re-appointment of Mr. Nimish Shah as Director, retiring by rotation.
- Appointment of M/s. K J K & Associates, Chartered Accountants, as Statutory Auditors.
- Change in designation of Mr. Parth Chhajer and Mr. Bhavik Chhajer from Whole-time Directors to Joint Managing Directors.
- Regularization of Dr. Raghuveer Singh Rajpurohit’s appointment as non-executive Independent Director.
- Approval of material related party transactions for FY27.
Governance and attendance details
The meeting was chaired by Ashokkumar B. Chhajer, Chairman and Managing Director. The quorum was present throughout the proceedings. The following directors were present:
| Name | Role |
|---|---|
| Ashokkumar B. Chhajer | Chairman & Managing Director |
| Parth Chhajer | Joint Managing Director |
| Bhavik Chhajer | Joint Managing Director |
| Nimish Shah | Whole-Time Director |
| Pramod Deshpande | Independent Director |
| Abodh Khandelwal | Independent Director |
| Sheetal Bhilkar | Independent Director |
Mr. Manoj Dhondge, Company Secretary and Compliance Officer, briefed members on the remote e-voting facility provided by National Securities Depository Limited (NSDL). Voting results and the Scrutinizer’s report are scheduled to be announced within two working days of the conclusion of the AGM.
Historical Stock Returns for Arihant Superstructures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.31% | +10.27% | -4.35% | +19.55% | -39.74% | +62.55% |
How will the elevation of Parth and Bhavik Chhajer to Joint Managing Directors influence Arihant Superstructures' strategic direction and project execution in FY27?
What impact does the appointment of M/s. K J K & Associates as statutory auditors have on the company's financial reporting transparency and investor confidence?
Given the approval of material related party transactions for FY27, what specific operational synergies or risks are expected to emerge for minority shareholders?
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