ESAB India reported a 17.8% increase in net profit for the financial year ended March 31, 2026, reaching ₹2,066.9 crore, up from ₹1,754.2 crore in the previous year. The company's revenue from operations for FY26 stood at ₹15,081.5 crore, compared to ₹13,734.7 crore in FY25. The Board of Directors has recommended a final dividend of ₹25 per equity share of ₹10 each, amounting to a total outflow of ₹38,48,25,500, subject to shareholder approval at the Annual General Meeting.

The audited results were reviewed by the Audit Committee and approved by the Board on May 27, 2026. M/s. Deloitte Haskins & Sells, the Statutory Auditors, issued an audit report with an unmodified opinion regarding the financial results. For the quarter ended March 31, 2026, the company reported a net profit of ₹435.5 crore and revenue from operations of ₹3,957.5 crore.

Dividend and Record Date

The Board has fixed July 23, 2026, as the record date to determine shareholder eligibility for the 39th Annual General Meeting and the declaration of the final dividend for FY26. The AGM is scheduled for July 29, 2026, at 15:30 hours via Video Conferencing or Other Audio-Visual Means. The dividend will be paid within 30 days from the date of the AGM, subject to approval.

Financial Performance

The company's total income for FY26 was ₹15,141.8 crore, with a profit before tax of ₹2,740 crore. Exceptional items for the year included a gain on the sale of land and an impact from the new Labour Code. Earnings per share (EPS) for the year increased to ₹134.30 from ₹113.98 in the previous year.

ESAB India Limited has announced the resignation of Mr. Kevin Johnson as Non-Executive Nominee Director, effective from May 1, 2026. The resignation follows ESAB Holdings Limited's withdrawal of his nomination through a letter dated April 22, 2026. Johnson cited personal reasons for his departure from the board in his resignation letter submitted to the company.

Official Documentation and Regulatory Filing

The company submitted official documentation to stock exchanges on April 30, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Company Secretary G Balaji signed the regulatory filing, which was digitally authenticated at 17:35:16 +05'30' on April 30, 2026. The Board of Directors meeting to formalize the resignation commenced at 17:09 hours and concluded at 17:30 hours.

Resignation Letter Details

In his formal resignation letter dated April 22, 2026, Kevin Johnson addressed the Board of Directors at ESAB India Limited's registered office in Ambattur, Chennai. Johnson expressed sincere gratitude to the Board of Directors for their support and cooperation during his tenure. His resignation letter was submitted from his address at 900, Stuart Road, Wilmington, Delaware, United States 19807.

Committee Impact and Positions Vacated

Consequent to Mr. Kevin Johnson's cessation from directorship, he ceases to be a member of multiple committees with effect from May 1, 2026. Johnson held significant committee positions including chairmanship of the Risk Management Committee.

Stock Exchange Notification

ESAB India notified both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited about this board change. The notification was sent from the company's registered office at 13, 3rd Main Road, Industrial Estate, Ambattur, Chennai - 600 058, ensuring full regulatory compliance under SEBI Master Circular dated January 30, 2026.