Visaka Industries Approves FY26 Results, Declares ₹1.20 Dividend, Appoints New CFO
Visaka Industries approved audited financial results for FY26, recommending a final dividend of ₹1.20 per share. The 44th AGM is set for July 30, 2026. Mr. Ramakrishna Pendyala appointed CFO from June 20, 2026, succeeding Mr. S. Shafiulla. The company reported a profit before tax of ₹5,210.10 lakh for Q4FY26.
The dividend recommendation, appointment of a new CFO, and approval of financial results are material events for shareholders and stakeholders, impacting the company's governance and financial standing.
The company reported positive financial results, recommended a dividend, and made key appointments, all contributing to a positive outlook.
Visaka Industries Limited (VISAKAIND) announced the outcome of its Board Meeting held on May 18, 2026. The Board approved the audited financial results for the fourth quarter and the full financial year ended March 31, 2026, encompassing both standalone and consolidated statements.
Key decisions from the meeting include the recommendation of a final dividend of ₹1.20 per equity share (60%) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The 44th AGM is scheduled to be held on Thursday, July 30, 2026, with the record date for dividend entitlement and AGM attendance fixed as June 26, 2026.
In terms of key personnel changes, the company approved the reappointment of M/s. Sagar & Associates as Cost Auditors for the Financial Year 2026-27. Furthermore, Mr. Ramakrishna Pendyala has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 20, 2026. Concurrently, Mr. S. Shafiulla will cease to be the CFO and KMP upon his retirement, effective June 19, 2026.
The company also confirmed it is not classified as a 'Large Corporate' as per SEBI guidelines. The financial results indicate a profit before tax of ₹5,210.10 lakh for the quarter ended March 31, 2026, and ₹11,025.27 lakh for the full financial year. Exceptional items, including profits from land sales in Ahmedabad and Kanchipuram, amounted to ₹2,296.03 lakh for the quarter and ₹5,970.33 lakh for the year.
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