Outcome of the Board meeting
KALAMANDIR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.9 pts more than Nifty Microcap 250 and 6.8 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved Q4 and FY 2025-26 financial results with profit after tax jumping 65% to Rs. 140.92 Crores from Rs. 85.39 Crores in the previous year, driven by revenue growth of 13% to Rs. 1,653.67 Crores. The board recommended a final dividend of Rs. 1.50 per share (75% of face value). Key leadership changes include appointment of Mr. Bharadwaj Rachamadugu as CEO (effective May 12, 2026) - he is the son-in-law of the Managing Director and previously served as Senior Vice President. Independent Director Ms. Sirisha Chintapalli resigned effective May 6, 2026. Ms. Sridevi Dasari, a Company Secretary with 15+ years experience, was appointed as Additional Director (Independent Woman Director) subject to shareholder approval. All board committees were reconstituted accordingly.
Strong financial performance with 65% profit growth is positive. The CEO appointment of an internal candidate who is promoter-family connected raises governance considerations, while the independent director resignation may affect board independence in the short term.