Management Change18 May 2026, 05:31 pm
Visaka Industries: Ramakrishna Pendyala Appointed as CFO
AI Summary
Visaka Industries Ltd announced the cessation of Mr. S. Shafiulla as CFO and KMP due to retirement, effective June 19, 2026. The Board approved the appointment of Mr. Ramakrishna Pendyala as the new CFO, effective June 20, 2026. Additionally, the Board recommended a final dividend of ₹1.20 per share (60%) for FY26, subject to shareholder approval. The 44th AGM will be held on July 30, 2026, with a record date of June 26, 2026.
Key Highlights
- S. Shafiulla retires as CFO and KMP, effective June 19, 2026.
- Ramakrishna Pendyala appointed as CFO, effective June 20, 2026.
- Final dividend of ₹1.20 per share (60%) recommended for FY26.
- 44th AGM to be held on July 30, 2026; record date is June 26, 2026.
- M/s. Sagar & Associates reappointed as Cost Auditors for FY 2026-27.
Price Impact
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