1. Appointment of Mr. Ramakrishna Pendyala as Chief Financial Officer (CFO) of the Company wef June 20, 2026, in the category of Key Managerial Personnel (KMP). 2. Reappointment ofM/s. ....
VISAKAIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Visaka Industries reported strong FY2026 audited standalone results with revenue of Rs. 1,67,559 lakhs (up 9% YoY) and net profit of Rs. 8,783 lakhs, driven by building products and synthetic yarn segments. The profit surge was boosted by exceptional gains of Rs. 5,970 lakhs from land sales in Ahmedabad and Kanchipuram. The Board recommended a final dividend of Rs. 1.20 per share (60% payout). In KMP changes, Mr. Ramakrishna Pendyala, a CA/CMA/CPA with 21+ years experience at firms like Stove Kraft and Price Waterhouse Coopers, will take over as CFO from June 20, 2026, succeeding Mr. S. Shafiulla who retires on June 19, 2026. The 44th AGM is scheduled for July 30, 2026.
The CFO transition is smooth and proactive with an experienced professional taking over. Strong financial performance and dividend recommendation are positive signals for shareholders. The exceptional items from asset sales inflate current year profits but underlying operations showed solid growth.