E & E Enterprises Limited has approved the re-appointment of Mr. Snehal Parikh as a Non-Executive Independent Director for a second term of five years effective December 30, 2026. The Board also sanctioned the re-appointment of M/s. K. K. Birla & Co. as Statutory Auditors for a term of five years. Both decisions are subject to the approval of the company's members.

The Board, meeting on July 10, 2026, acted on the recommendations of the Nomination and Remuneration Committee and the Audit Committee respectively. The re-appointment of the auditor is effective from the conclusion of the 85th Annual General Meeting until the conclusion of the 90th Annual General Meeting.

Mr. Snehal Parikh holds a Master of Business Administration (Finance) degree and possesses over 49 years of experience in business management, specializing in international freight and logistics management. The Board determined that his continued expertise would benefit the company.

M/s. K. K. Birla & Co., a Mumbai-based Chartered Accountancy firm with registration number 146343W, provides services including statutory audits, taxation, and financial consulting. The firm was recommended by the Audit Committee for its continued role as Statutory Auditors.

Key Appointments

E & E Enterprises Limited has approved its audited financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors, which met on May 20, 2026, also recommended a dividend of Re 1 per equity share for the fiscal year 2025-26, subject to shareholder approval.

Financial Performance

For the financial year ended March 31, 2026, the company reported a total income of ₹54.49 lakh, a decrease from ₹94.62 lakh in the previous year. Total expenses for the year stood at ₹30.42 lakh, lower than the ₹65.88 lakh recorded in FY25. Consequently, the company posted a net profit of ₹17.33 lakh for FY26, an increase from ₹11.82 lakh in the prior year.

In the fourth quarter ended March 31, 2026, the company reported a total income of ₹0.06 lakh and total expenses of ₹12.19 lakh, resulting in a net loss of ₹9.72 lakh. The basic and diluted earnings per share (EPS) for the year were ₹7.22, compared to ₹4.92 in the previous year.

Dividend Declaration

The board has recommended a dividend of 10%, equivalent to Re 1 per equity share of face value ₹10 each, for the financial year ended March 31, 2026. This payout is subject to the approval of the shareholders.

Business Update

The company voluntarily surrendered its Certificate of Registration as a Non-Banking Financial Company (NBFC) to the Reserve Bank of India, which was cancelled on July 24, 2025. Consequently, the company has amended its Memorandum of Association to reflect its new principal business objectives, which now focus on real estate activities including acquiring, developing, and leasing properties. The financial statements for the current period have been prepared in accordance with these new business activities.