Board Meeting6 Aug 2026, 05:13 pm
Visaka Industries declares interim dividend, approves capacity expansion
AI Summary
Visaka Industries Ltd announced the approval of audited financial results for Q1 FY27. The Board also approved an interim dividend of ₹1 per share for FY27. Additionally, the company approved a capacity expansion of 72,000 MT PA for fibre cement boards and calcium silicate boards at Tonk, Rajasthan, with an estimated capex of ₹175 Crore. A new construction chemical line will also be set up at the Tumkur unit with an investment of ₹10 Crore. The record date for the interim dividend has been fixed as August 13, 2026.
Key Highlights
- Approved audited financial results for Q1 FY27.
- Declared an interim dividend of ₹1 per share for FY27.
- Capacity expansion of 72,000 MT PA approved for fibre cement boards.
- New construction chemical line to be set up at Tumkur unit.
- Total capex for expansion projects estimated at ₹185 Crore.
Price Impact
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