Outcome of the Board Meeting dated May 18, 2026.
VISAKAIND · price
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Visaka Industries Board approved audited standalone and consolidated financial results for Q4 and FY ended March 2026. Standalone revenue grew 8.7% to Rs. 1,67,559 Lakhs from Rs. 1,54,081 Lakhs. Net profit surged dramatically to Rs. 8,783 Lakhs from just Rs. 14 Lakhs, largely due to exceptional gains of Rs. 5,970 Lakhs from sale of land in Ahmedabad and land & building in Kanchipuram. The Board recommended a final dividend of Rs. 1.20 per share (60%) for FY2026. In key management changes, Mr. Ramakrishna Pendyala (a CA, CMA, CPA-USA with 21 years experience) has been appointed as CFO effective June 20, 2026, succeeding Mr. S. Shafiulla who retires on June 19, 2026. The company clarified it is not classified as a large corporate under SEBI norms.
The exceptional items from asset sales inflated FY2026 profits significantly; underlying operational performance showed solid revenue growth and improved profitability in both Building Products and Synthetic Yarn segments. The dividend announcement is positive for shareholders, while the CFO transition appears routine.