VST Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
VSTIND · price
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Awaiting price reaction for this filing.
VST Industries reported FY25 revenue of Rs. 1,809 crore, marginally lower than Rs. 1,837 crore in FY24, while net profit stood at Rs. 290 crore versus Rs. 302 crore. The Q4 profit after tax was Rs. 53 crore, down sharply from Rs. 88 crore in Q4FY24, partly due to a one-time gain of Rs. 100.5 crore (net of tax) from sale of Hyderabad land reflected in the previous year's exceptional items. The board has recommended a final dividend of Rs. 10 per share, lower than Rs. 13.64 paid last year. On the board, Mr. Aditya Deb Gooptu has been formally relieved as Managing Director & CEO after serving his notice period (resignation was announced in November 2024). Mr. Sanjay Wali, the current COO, has been appointed as Whole-time Director. Additionally, Mr. Nallaiappan Thiruambalam joins as Independent Director and Mr. Alok Agarwal as Non-Executive Director representing promoter entity Brightstar Investments Pvt Ltd.
The CEO transition is now complete and an internal promotion (COO to Whole-time Director) provides continuity for shareholders. The dividend cut and weaker underlying earnings (EPS ex-exceptional fell to Rs. 11.98 from Rs. 17.75) reflect pressure on core tobacco business, though the clean audit report and one-time property gain cushion the headline numbers.