Sai Silks (Kalamandir) Declares ₹1.50 Dividend, Appoints New CEO and Director
Sai Silks (Kalamandir) approved FY26 financial results and recommended a final dividend of ₹1.50 per share. Mr. Bharadwaj Rachamadugu was appointed CEO, and Ms. Sridevi Dasari as Additional Director. Ms. Sirisha Chintapalli resigned as Independent Director.
The appointment of key management personnel and the declaration of a dividend are significant events that can influence investor confidence and company strategy.
The appointment of a new CEO and Director, along with the recommendation of a dividend, are positive developments for the company.
Sai Silks (Kalamandir) Limited announced the outcome of 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. 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.
The company also announced key managerial changes. Mr. Bharadwaj Rachamadugu has been appointed as the Chief Executive Officer (CEO) and a Key Managerial Personnel, effective May 12, 2026. Mr. Rachamadugu, who is the son-in-law of Managing Director Mr. Nagakanaka Durga Prasad Chalavadi, brings over 11 years of experience in retail, finance, and textile sectors. Concurrently, Ms. Sridevi Dasari was appointed as an Additional Director (Non-Executive Independent Woman Director), subject to shareholder approval, for a term of five years. The Board also approved the reconstitution of various committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee, effective May 12, 2026.
Ms. Sirisha Chintapalli resigned from the office of Independent Director, effective May 6, 2026, consequently ceasing her roles in the Audit Committee, Nomination & Remuneration Committee, and as Chairperson of the Stakeholders Relationship Committee. The company confirmed that both Mr. Rachamadugu and Ms. Dasari are not debarred from holding office by any regulatory authority.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Sai Silks (Kalamandir) Limited. Read the original for the full detail.