Appointment of Mr Ramakrishna Pendyala as Chief Finan of the company w.e.f. Jun 20, 2026.
VISAKAIND · price
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Visaka Industries' board approved FY2026 audited results showing standalone revenue of Rs. 1,67,559 lakhs (up 8.7% from Rs. 1,54,081 lakhs) and net profit of Rs. 8,783 lakhs, boosted by Rs. 5,970 lakhs in exceptional gains from land sales. The company recommended a final dividend of Rs. 1.20 per share (60% on Rs. 2 face value). Key leadership change: Mr. S. Shafiulla retired as CFO effective June 19, 2026, succeeded by Mr. Ramakrishna Pendyala (CA, CMA, CPA-USA) from June 20, 2026. The 44th AGM is scheduled for July 30, 2026.
Smooth CFO transition with an experienced external candidate taking over. Strong profitability driven by exceptional land sale gains may support shareholder returns. The leadership change signals continuity in financial management for shareholders.