Visaka Industries Recommends ₹1.20 Final Dividend, Appoints Ramakrishna Pendyala as CFO
Visaka Industries approved audited FY26 results and recommended a final dividend of ₹1.20 per share. Ramakrishna Pendyala is appointed as CFO effective June 20, 2026, succeeding S. Shafiulla, who retires on June 19, 2026. The 44th AGM will be held on July 30, 2026, with a record date of June 26, 2026.
The dividend announcement and CFO appointment are moderately significant, while the financial results provide additional context.
The announcement includes positive elements such as dividend recommendation, appointment of a new CFO, and strong financial results.
Visaka Industries Limited announced the approval of audited financial results for the fourth quarter and financial year ended March 31, 2026, in a board meeting held on May 18, 2026. The board recommended a final dividend of ₹1.20 per share (60%) on equity shares of ₹2 each, subject to shareholder approval at the Annual General Meeting (AGM). The 44th AGM will be held on Thursday, July 30, 2026, with a record date fixed as June 26, 2026, to determine members eligible for the dividend and to attend the AGM. Reappointment of M/s. Sagar & Associates as Cost Auditors for FY 2026-27 was also approved.
Mr. Ramakrishna Pendyala has been appointed as the Chief Financial Officer (CFO) effective June 20, 2026. Mr. S. Shafiulla will cease to be the CFO on June 19, 2026, due to retirement. The company reported a total income of ₹1,68,269.15 Lakh and a net profit after tax of ₹8,783.24 Lakh for the year ended March 31, 2026. The company is not a large corporate as per SEBI guidelines.
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