Mr.S.Shafiulla shall cease to be the CFO of the Company on attaining the age of retirement effective from closing business hours of June 19, 2026.

Cfo ResignedManagement Changes View source PDF Explain this filing

VISAKAIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.0%Reaction day

₹76.80

prior close

₹78.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-4.5% vs market

Cement & Cement Products peers, median of 33sector+0.2%-4.3% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 4.3 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.3

10m

-4.2

15m

-4.4

30m

-4.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0+0.4-4.5+0.2-4.3

Next day

-6.4+1.0-7.5-0.2-6.2

-7.1+2.2-9.3+1.7-8.8

-5.3+2.2-7.5+1.4-6.7

-3.6+3.9-7.5+2.2-5.8

-4.9+4.6-9.6+1.7-6.7

-5.1+3.9-9.0+1.6-6.6

15d

+1.4+3.4-1.9-3.6+5.0

+0.9+10.3-9.4-0.6+1.6

+7.4+10.8-3.4+1.7+5.7

+23.1+14.9+8.3-4.9+28.0

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Visaka Industries reported strong FY2026 results with net profit of Rs. 8,783.24 lakhs, a dramatic recovery from Rs. 14.38 lakhs in FY2025, driven by exceptional gains of Rs. 5,970.33 lakhs from land sales in Ahmedabad and Kanchipuram. Revenue from operations grew 8.7% to Rs. 1,67,558.66 lakhs. The Board recommended a final dividend of Rs. 1.20 per share (60%). In key leadership changes, Mr. S. Shafiulla retired as CFO effective June 19, 2026, and Mr. Ramakrishna Pendyala, a qualified CA/CMA/CPA with 21+ years of experience including CFO roles at Stove Kraft and Hical Technologies, was appointed as new CFO effective June 20, 2026. The 44th AGM is scheduled for July 30, 2026.

Likely market impact

The leadership transition at CFO level appears smooth with a qualified successor appointed a day after retirement. The exceptional gains significantly boosted profits, though investors should note the underlying operational performance improvement for sustainable valuation.