Vindhya Telelinks Limited has informed the Exchange regarding Appointment of Shri Pandanda Kariappa Madappa as Non- Executive Independent Director of the company w.e.f. May 23, 2026.
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Vindhya Telelinks held its Board meeting on May 23, 2026, approving several key items. For FY2026, standalone profit after tax declined to Rs 52.79 crore from Rs 115.48 crore in FY2025, while consolidated PAT rose to Rs 220.18 crore (vs Rs 202.84 crore), boosted by higher share in associate/joint venture profits of Rs 224.12 crore. The Board recommended dividend of Rs 6 per share (60%) for FY2026. It appointed Shri Pandanda Kariappa Madappa as Additional Director (Non-Executive Independent Director) for 5 years from May 23, 2026. Concurrently, Shri Bachh Raj Nahar's directorship will cease from June 13, 2026 as a special resolution for his continuation post-age 75 did not pass with requisite majority. The Board also approved raising Rs 200 crore via NCDs and expanding specialty optical fibre cable capacity at Rewa with additional investment of Rs 65 crore (total outlay Rs 101.70 crore). A scheme of amalgamation with Birla Cable Limited (effective April 1, 2026) is pending NCLT approval.
The appointment of a new independent director maintains board independence while the ceasing of another director due to failed governance vote represents a governance change. The decline in standalone profitability but growth in consolidated profits shows the company's earnings are heavily reliant on associate contributions. The Rs 200 crore NCD issuance and capacity expansion signal growth intentions in the optical fibre cables segment.