V-Guard Industries Limited has informed the Exchange regarding allotment of 215253 securities pursuant to ESOP/ESPS at its meeting held on May 14, 2025
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V-Guard's Board met on May 14, 2025 and approved audited FY25 results along with several other decisions. Consolidated revenue grew to ₹5,577.82 crores (up ~14.8% from ₹4,856.67 cr in FY24) and consolidated net profit rose to ₹313.72 crores (up ~21.8% from ₹257.58 cr). Standalone revenue came in at ₹5,308.87 crores with a net profit of ₹260.22 crores. The Board recommended a final dividend of ₹1.50 per share (150%) for FY25, subject to AGM approval. The Board also allotted 2,15,253 equity shares to 7 employees under the ESOS 2013 stock option scheme. In addition, the Board approved a ₹50 crore capacity expansion at V-Guard Consumer Products' Hyderabad battery plant, raising capacity by 3.96 lakh units per annum (to be completed in ~18 months, funded through internal accruals). The 29th AGM is scheduled for August 7, 2025. Managing Director Mithun K Chittilappilly and Independent Director George Muthoot Jacob were recommended for re-appointment.
Steady double-digit revenue and profit growth, a healthy dividend, and a self-funded capex expansion in batteries are positive signals for shareholders. The ESOP allotment is small (2,15,253 shares) and unlikely to materially dilute equity, while re-appointments of the existing MD and Independent Director ensure leadership continuity.