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- Important
- Financial Update
- Fund Raise
- Board Meeting
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Ador Welding Limited has announced a board meeting on the financial results for the quarter and half-year, alongside several strategic updates. Consolidated revenue stood at Rs. 1,12,268 lakhs with a net profit of Rs. 6,005 lakhs for the year. The merger with Ador Fontech Limited was incorporated with restated comparatives. Exceptional items included merger-related legal fees and inventory obsolescence provisions. The Board declared a dividend of Rs. 20 per share, pending shareholder approval, appointed new statutory and secretarial auditors, and designated three Key Managerial Personnel. An ESOP plan for 3.4 lakh options and flexible investment powers for its subsidiary 3D Future Technologies were also approved. The Articles of Association were amended to raise the director age limit to 70 years, underscoring efforts to consolidate operations and strengthen governance.