Visaka Industries Limited has informed the Exchange about General Updates
VISAKAIND · price
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Awaiting price reaction for this filing.
Visaka Industries has informed the exchanges about publishing a newspaper advertisement for its Public Deposit Scheme, as required under the Companies (Acceptance of Deposits) Rules, 2014. The ad was published in Business Standards (English) and Velugu (Telugu) on 30 July 2025. The deposit scheme offers two options (Cumulative and Non-Cumulative) with a 9.50% interest rate (10% for senior citizens and physically challenged persons), minimum investment of Rs 25,000, and tenures of 12, 24, and 36 months. As on 31 March 2025, total outstanding deposits stood at Rs 11.37 crore from 241 depositors, with another Rs 2.44 crore due for repayment. The company's public deposits carry a CARE A+ rating with outlook revised from Stable to Negative, and it reported a profit of Rs 4.32 crore (after tax) and a 25% dividend for FY25.
This is a routine compliance filing rather than a major corporate event, so limited direct share price impact is expected. However, the credit rating outlook being revised from Stable to Negative on the deposit instrument is a mild negative signal worth monitoring for retail depositors and investors.