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.
On the reaction day the stock moved 12.6 pts less than Nifty Microcap 250 and 12.4 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.