ESAB India Approves ₹25 Dividend, Appoints Curtis Jewell as Chairman
By ThePip Desk
ESAB India shareholders approved a ₹25 dividend for FY2025-26 and appointed Curtis Evan Jewell as the new Chairman, marking a significant leadership transition.
ESAB India Limited shareholders concluded their 39th Annual General Meeting on July 29, 2026, approving a final dividend of ₹25 per equity share for the financial year 2025-26.
This decision, representing a 250% payout, provides immediate returns to investors. The meeting also saw a significant leadership change with the appointment of a new Chairman.
Board Leadership Changes and Shareholder Returns
Curtis Evan Jewell was appointed as the new Non-Executive Nominee Director and Chairman of the Board, effective May 1, 2026. He replaces Kevin Johnson in this pivotal role.
Independent Director Ramesh Rajan chaired the voting process for Jewell’s appointment due to his interested director status. Additionally, B Mohan was reappointed as a director, ensuring continuity in the financial leadership team alongside Managing Director Rohit Gambhir.
- Dividend Approved: ₹25 per equity share for FY2025-26
- Payout Percentage: 250%
- New Chairman: Curtis Evan Jewell, effective May 1, 2026
- Replaced Chairman: Kevin Johnson
- Reappointed Director: B Mohan
Robust Financial Performance for FY2025-26
The company reported a strong financial year 2025-26, maintaining its debt-free status. These figures underscore the company’s operational efficiency and market position.
Total revenue reached ₹1,51,418 lakhs, with profit after tax standing at ₹20,669 lakhs. The substantial dividend declaration reflects this solid performance.
- Total Revenue: ₹1,51,418 lakhs
- Profit After Tax: ₹20,669 lakhs
- Debt Status: Debt-free
AGM Proceedings and Governance
The AGM, conducted via Video Conference/Other Audio-Visual Means (OAVM), met the necessary quorum with 49 members present. Remote e-voting was facilitated from July 26 to July 28, 2026.
Shareholders also adopted audited financial statements for FY2025-26 and ratified remuneration for cost auditors. Approval of commission payments to independent directors was also among the resolutions passed.
These strategic governance decisions, coupled with a substantial dividend, highlight ESAB India’s commitment to both robust oversight and delivering value to its shareholders.