Visaka Industries Approves Q1 Results, ₹1 Interim Dividend, and ₹175 Cr Capex for New Plant
Visaka Industries reported Q1 FY27 results with an unmodified audit opinion. The company declared an interim dividend of ₹1 per share, with a record date of August 13, 2026. VIL approved a ₹175 Crore capex for a new fibre cement and calcium silicate board plant in Tonk, Rajasthan, expected to be operational by December 2027. A ₹10 Crore investment will also establish a construction chemicals line in Tumkur.
The capacity addition and new product line indicate substantial future growth and investment, which will have a significant impact on the company's operations and market position.
The company reported positive financial results, declared an interim dividend, and announced significant capacity expansion plans, indicating growth and confidence.
Visaka Industries Limited (VIL) announced its audited financial results for the first quarter ended June 30, 2026, along with key strategic decisions made during the Board of Directors meeting held on August 6, 2026.
The company reported its financial results, both standalone and consolidated, for the quarter. The audited financial results received an unmodified opinion from the statutory auditors, M/s. Price Waterhouse & Co. Chartered Accountants LLP.
Furthermore, the Board approved the payment of an interim dividend of ₹1 per share (50%) on equity shares of ₹2 each for the financial year 2026-27. The record date for this dividend has been fixed as August 13, 2026.
In a significant move towards capacity expansion, VIL approved the setting up of a new plant at Tonk, Rajasthan, for fibre cement boards and calcium silicate boards. This expansion will add 72,000 MT PA capacity at an estimated capital expenditure of ₹175 Crore. The company anticipates commercial production from this new plant by December 2027. The financing for this project will be through a mix of internal accruals and borrowings.
Additionally, the Board approved the establishment of a Construction Chemicals line at its Tumkur Unit in Karnataka, with an estimated investment of ₹10 Crore. This move is expected to create strategic synergies with Visaka's existing product portfolio.
The Board meeting commenced at 12:00 Noon and concluded at 03:40 PM.
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