Mr. S. Shafiulla shall cease to be the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company on attaining the age of retirement, effective from closing business ....
VISAKAIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Visaka Industries' board meeting on May 18, 2026 approved multiple items. CFO Mr. S. Shafiulla retired on June 19, 2026 on attaining retirement age, and Mr. Ramakrishna Pendyala (a CA, CMA, CPA-USA with 21+ years experience) was appointed as new CFO effective June 20, 2026. The company reported standalone revenue of Rs 1,67,559 lakhs for FY26 (up 8.7% from Rs 1,54,081 lakhs in FY25), with profit before tax jumping to Rs 11,025 lakhs from just Rs 132 lakhs in prior year. This includes exceptional items of Rs 5,970 lakhs from land sales. The board recommended a final dividend of Rs 1.20 per share (60% on Rs 2 face value). The 44th AGM will be held on July 30, 2026, with record date June 26, 2026.
The CFO transition is a planned retirement with smooth handover to a well-qualified successor, which should not disrupt operations. The strong financial performance and dividend recommendation are positive signals for shareholders.