Dividend6 Aug 2026, 05:30 pm
Visaka Industries Approves Interim Dividend of ₹1/Share
AI Summary
Visaka Industries Ltd's Board of Directors, in a meeting held on August 06, 2026, approved an interim dividend of ₹1 per equity share (50% on face value of ₹2). The record date for this dividend is fixed as August 13, 2026. The board also approved audited standalone and consolidated financial results for the first quarter ended June 30, 2026, with an unmodified audit opinion from Price Waterhouse & Co. Additionally, the company announced significant capacity expansion plans, including a new fibre cement and calcium silicate boards plant in Tonk, Rajasthan, with an investment of ₹175 Crore, and the establishment of a construction chemicals line at its Tumkur unit with an investment of ₹10 Crore.
Key Highlights
- Interim dividend of ₹1 per share declared for FY 2026-27.
- Record date for dividend payment set as August 13, 2026.
- Approved Q1 FY27 financial results with unmodified audit opinion.
- Capacity expansion for fibre cement boards by 72,000 MT PA.
- New construction chemicals manufacturing line to be set up at Tumkur.
Price Impact
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