Outcome of the Board meeting
KALAMANDIR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.