Sai Silks Appoints New CEO, Recommends Final Dividend of ₹1.50
Sai Silks (Kalamandir) Limited's Board approved Q4 and FY26 results. A final dividend of ₹1.50 per share is recommended. Mr. Bharadwaj Rachamadugu appointed CEO, effective May 12, 2026. Ms. Sridevi Dasari appointed Additional Director. Ms. Sirisha Chintapalli resigned as Independent Director.
The appointment of a new CEO and dividend recommendation are significant events that could impact the company's future performance and shareholder returns.
The appointment of a new CEO and the recommendation of a dividend are positive developments for the company.
Sai Silks (Kalamandir) Limited announced key outcomes from its Board meeting held on May 12, 2026. The Board approved the financial results for the fourth quarter and the full financial year ended March 31, 2026, along with the financial statements for FY 2025-26.
A final dividend of ₹1.50 per equity share (75% of face value) for FY 2025-26 was recommended, subject to shareholder approval at the Annual General Meeting.
Significant leadership changes were also approved. Mr. Bharadwaj Rachamadugu has been appointed as the Chief Executive Officer (CEO) and Key Managerial Personnel, effective May 12, 2026. He is the son-in-law of the Managing Director, Mr. Nagakanaka Durga Prasad Chalavadi.
The company also noted the resignation of Ms. Sirisha Chintapalli from the office of Independent Director, effective May 06, 2026. Consequently, she also ceased to be a member of the Audit Committee, Nomination & Remuneration Committee, and Chairperson of the Stakeholders Relationship Committee.
Ms. Sridevi Dasari has been appointed as an Additional Director under the category of Non-Executive Independent Woman Director, effective May 12, 2026, subject to shareholder approval. If approved, she will hold office for five consecutive years.
Furthermore, various Board Committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee, have been reconstituted effective May 12, 2026, with new members and designations.
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Sai Silks (Kalamandir) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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