Havells India Ltd appointed Ashish Dhawan and Shanti Ekambaram as Additional Directors (Independent) on June 19, 2026, following the completion of tenure of two existing independent directors. The Board of Directors approved the appointments during its meeting held on June 19, 2026, upon the recommendation of the Nomination and Remuneration Committee. These changes mark a significant transition in the company's leadership structure as Upendra Kumar Sinha and Jalaj Ashwin Dani stepped down after completing their second terms.

Shri Upendra Kumar Sinha (DIN: 00010336) and Shri Jalaj Ashwin Dani (DIN: 00019080) ceased to be directors of Havells India Ltd upon the conclusion of their tenure on June 19, 2026. The Board acknowledged their contributions as Non-executive Independent Directors. The company disclosed these changes in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri Ashish Dhawan (DIN: 00015111) assumes the role of Additional Director (Independent). He is the Founder-CEO of The Convergence Foundation and the Founding Chairperson of Ashoka University and Central Square Foundation. Dhawan previously founded ChrysCapital, a leading private equity firm. He is not related to any director of the company and is not debarred from holding the directorship by SEBI or any other authority.

Ms Shanti Ekambaram (DIN: 00004889) also joins as an Additional Director (Independent). She brings 39 years of financial services experience, including a 35-year tenure at Kotak Mahindra Bank, where she served as Deputy Managing Director and Whole-time Director from 2022 to 2025. Ekambaram is a Chartered Accountant and Cost Accountant. Like Dhawan, she is not related to any director of the company and holds no disqualification.

Director Changes

Havells India Ltd declared a final dividend of ₹6.00 per equity share of ₹1 each for the financial year 2025-26 at its 43rd Annual General Meeting held on June 19, 2026. The meeting confirmed the payment of an interim dividend of ₹4.00 per share already paid during the year. Shareholders approved the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of M/s Price Waterhouse & Co Chartered Accountants LLP as statutory auditors for a second term of five years.

The Board approved the re-appointment of Shri T.V. Mohandas Pai, Shri Puneet Bhatia, Smt Namrata Kaul, and Shri Ashish Bharat Ram as directors. Shri Varun Berry was appointed as an Independent Director for a first term of five years. Additionally, the company ratified the remuneration of cost auditors for FY 2026-27 and approved the Havells Employees Stock Purchase Scheme 2026 along with related authorizations for the Havells Employees Welfare Trust.

All 16 resolutions presented at the AGM were passed with the requisite majority. The meeting was conducted through Video Conferencing and Other Audio Visual Means, with remote e-voting conducted prior to the event. M/s Balika Sharma & Associates were appointed as the scrutinizer for the voting process.