Visaka Industries Limited has informed the Exchange that Record date for the purpose of Dividend & 43rd Annual General Meeting is 27-Jun-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 an unmodified (clean) opinion from Price Waterhouse & Co. Standalone FY25 revenue rose marginally to Rs. 1,540.8 crore (from Rs. 1,520.5 crore), but net profit collapsed sharply to just Rs. 14.38 lakh versus Rs. 2.53 crore last year. On a consolidated basis, the company slipped into a net loss of Rs. 3.01 crore (vs. a profit of Rs. 86 lakh in FY24), dragged by losses in its subsidiaries Visaka Green and Atum Life. The Board recommended a final dividend of Rs. 0.50 (25%) per share on equity shares of Rs. 2 face value. The 43rd AGM is scheduled for July 30, 2025, with June 27, 2025 fixed as the record date. Additionally, cost auditors were reappointed, GMR & Associates were appointed as secretarial auditors for 5 years (FY26–FY30), and Mr. B. Raghavaiah was appointed as President (Group HR & Administration).
Revenue is stable but profitability is severely weak—consolidated results moved into a loss, which is a negative signal for shareholders. The small dividend (25%) is positive for income seekers, but the steep earnings drop may weigh on the stock in the short term.