V-Guard Industries Limited has informed the Exchange regarding Appointment of Mithun K Chittilappilly as Managing Director of the company w.e.f. April 01, 2026.
VGUARD · price
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V-Guard Industries' board met on May 14, 2025 and approved audited FY25 results with consolidated revenue of ₹5,577.82 crores (up ~15% YoY) and consolidated profit after tax of ₹313.72 crores (up ~22% YoY); standalone revenue stood at ₹5,308.87 crores with PAT of ₹260.22 crores. Consolidated EPS rose to ₹7.17 from ₹5.89, and auditors Price Waterhouse gave an unmodified opinion. Mithun K Chittilappilly (from the promoter family) was re-appointed as Managing Director for five years starting April 1, 2026, subject to shareholder approval. The board also recommended a final dividend of ₹1.50 per share (150%) and approved a ₹50 crore capacity expansion at the Hyderabad battery facility of wholly-owned subsidiary V-Guard Consumer Products Limited.
Strong double-digit profit growth and continued promoter-family leadership provide stability for shareholders, though the dividend is modest. The ₹50 crore battery capacity expansion signals management's confidence in the energy storage business and could drive future revenue, though it will take ~18 months to complete.