Board Meeting6 Aug 2026, 06:30 pm
Visaka Industries Approves ₹175 Cr Plant Expansion, ₹1 Dividend
AI Summary
Visaka Industries Ltd's Board of Directors, in a meeting held on August 06, 2026, approved the audited financial results for Q1 FY27. Key decisions included the expansion of the fibre cement boards and calcium silicate boards division by setting up a new plant in Tonk, Rajasthan, with an estimated capital expenditure of ₹175 Crore and a capacity addition of 72,000 MT PA. The company also approved the setting up of a construction chemicals line at its Tumkur unit with an investment of ₹10 Crore. Additionally, the Board declared an interim dividend of ₹1 per share for FY26-27, with August 13, 2026, fixed as the record date.
Key Highlights
- Board approved ₹175 Cr expansion for fibre cement and calcium silicate boards plant.
- New plant in Tonk, Rajasthan, to add 72,000 MT PA capacity.
- Approved setting up of Construction Chemical line at Tumkur unit for ₹10 Cr.
- Declared interim dividend of ₹1 per share for FY26-27.
- Audited Q1 FY27 financial results approved with unmodified audit opinion.
Price Impact
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