Please find attached outcome of Board meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vikram Thermo India held a board meeting on 26th May 2025 where it approved audited financial results for Q4 and FY ended 31st March 2025 and recommended a final dividend of Rs. 1 per share (10%) on equity shares. The board accepted the resignation of CFO Mr. Motibhai Devabhai Fosi due to personal reasons and appointed Mrs. Switi Patel, a Chartered Accountant with over 9.5 years of experience, as the new CFO effective the same day. It also appointed M/s. Samir M. Shah & Associates as Internal Auditor for FY26 and M/s. A. Shah & Associates as Secretarial Auditor for five years from FY26 to FY30. Additionally, the board approved a 10% increase in remuneration for Managing Director Mr. Dhirajlal Patel, Whole-Time Directors Mr. Ankur Patel and Mr. Dinesh Patel, and related party Mr. Vikalp Dhirajlal Patel (Head F&D).
Shareholders will receive a Rs. 1 per share final dividend if approved at the AGM. The sudden CFO change (resignation and same-day replacement) is worth monitoring, while the broad-based 10% pay hike for promoter-family directors may raise some governance questions among minority investors.