Appointment of 1. Ms. Sridevi Dasari as an Additional Director (Women Independent Director) w.e.f 12.05.2026 subject to the approval of members. 2. Appointment of Mr. Bharadwaj Rachamadugu ....
KALAMANDIR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sai Silks (Kalamandir) reported FY26 revenue of Rs. 1,653.67 crore, up 13% from Rs. 1,462.01 crore in FY25. Net profit jumped 65% to Rs. 140.92 crore from Rs. 85.39 crore, with EPS at Rs. 9.56 versus Rs. 5.80. The Board appointed Mr. Bharadwaj Rachamadugu as CEO (effective May 12, 2026) at Rs. 5 lakh monthly salary; he is currently Senior VP and is related to the Managing Director as son-in-law. Ms. Sirisha Chintapalli resigned as Independent Director (effective May 6, 2026). Ms. Sridevi Dasari was appointed Additional Director as Non-Executive Independent Woman Director (subject to shareholder approval for 5-year term). The Board recommended a final dividend of Rs. 1.50 per share (75% of face value). Statutory auditors issued an unmodified opinion.
Strong financial performance with 65% profit growth is positive for shareholders. The CEO appointment of a promoter family member (son-in-law) may attract governance scrutiny, while the resignation and replacement of an independent director represents some board churn.