M/s. Sagar & Associates reappointed as the Cost auditors of the Company for the financial year 2026-27.
VISAKAIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Visaka Industries reported FY2026 standalone revenue of Rs. 1,67,559 lakhs, up 8.7% from Rs. 1,54,081 lakhs in FY2025. Net profit after tax surged to Rs. 8,783.24 lakhs from just Rs. 14.38 lakhs, driven by exceptional items of Rs. 5,970.33 lakhs from sale of land in Ahmedabad (Rs. 3,674.30 lakhs) and land & building in Kanchipuram (Rs. 2,296.03 lakhs). The Board recommended a final dividend of Rs. 1.20 per share (60%). Key management changes include appointment of Ramakrishna Pendyala as new CFO (effective June 20, 2026) succeeding S. Shafiulla who retired. M/s. Sagar & Associates was reappointed as Cost Auditors for FY 2026-27. Statutory auditor Price Waterhouse & Co issued an unqualified opinion with no going concern or emphasis of matter issues. Subsidiaries reported total net loss of Rs. 248.52 lakhs.
The exceptional items significantly boosted FY2026 profits, making the PAT comparison with FY2025 (which had extremely low base of Rs. 14.38 lakhs due to labour code implementation costs) not fully representative of operational improvement. The CFO transition is routine. The clean audit opinion and cost auditor reappointment indicate stable governance.