Sai Silks (Kalamandir) Limited has informed the Exchange regarding Appointment of Appointment of Mr. Bharadwaj as CEO as Chief Executive Officer of the company w.e.f. May 12, 2026.
KALAMANDIR · price
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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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Sai Silks (Kalamandir) Limited reported strong FY2025-26 results with revenue from operations of Rs. 1,653.67 Crores (up 13% YoY) and profit after tax of Rs. 140.92 Crores (up 65% YoY from Rs. 85.39 Crores). The company recommended a final dividend of Rs. 1.50 per share (75% of face value). The board appointed Mr. Bharadwaj Rachamadugu as CEO at a monthly remuneration of Rs. 5 Lakhs; he was previously Senior Vice President and is related to the Managing Director (son-in-law). Independent Director Ms. Sirisha Chintapalli resigned effective May 6, 2026, and Ms. Sridevi Dasari was appointed as Additional Director (Independent) effective May 12, 2026, subject to shareholder approval. All board committees were reconstituted.
Strong financial performance with 65% profit growth is positive for shareholders. The CEO appointment being an internal promotion from the promoter family may raise governance questions for some investors, while the independent director changes represent routine board refreshment.