Visaka Industries Limited has informed the Exchange regarding Appointment of B Raghavaiah as President (HR & ADMIN) SMP of the company w.e.f. May 21, 2025.
VISAKAIND · price
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Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with Price Waterhouse issuing an unmodified opinion. Standalone revenue grew marginally to Rs. 1,54,080.53 lakhs (FY24: Rs. 1,52,050.81 lakhs), but net profit collapsed sharply to Rs. 14.38 lakhs from Rs. 253.47 lakhs in FY24. On a consolidated basis, the company swung to a net loss of Rs. 301.19 lakhs versus a profit of Rs. 85.95 lakhs last year. A final dividend of Rs. 0.50 per share (25% on Rs. 2 face value) was recommended, with the 43rd AGM set for July 30, 2025 and record date of June 27, 2025. The board also reappointed Cost Auditors (Sagar & Associates) for FY26 and appointed GMR & Associates as Secretarial Auditors for a five-year term (FY26–FY30). Additionally, Mr. B. Raghavaiah was appointed as President – Group HR & Administration in the Senior Management Personnel category effective May 21, 2025.
Investors may view the weak profitability — particularly the consolidated net loss — as a concern despite stable topline growth, while the modest 25% dividend signals cautious shareholder returns. The SMP appointment is routine and unlikely to move the stock, but the FY26 auditor appointments strengthen governance continuity ahead of the AGM.