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- Important
- Financial Update
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Ador Welding Limited has announced a board meeting where it approved the audited standalone and consolidated financial results for the quarter and half-year. The Board declared a Rs. 20 per share dividend, subject to shareholder approval. The company completed the merger of its subsidiary Ador Fontech Limited, with restated comparative financials reflecting merger-related expenses, employee benefits, inventory provisions, and a property sale gain. New statutory and secretarial auditors were appointed pending approval. Three executives were named Key Managerial Personnel, and an ESOP scheme for 3.4 lakh options was approved, awaiting shareholder sanction. The Managing Director received authority to manage investments in the wholly-owned subsidiary 3D Future Technologies Pvt. Ltd.