StockWatch
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Cement & Cement Products
Dividend18 May 2026, 05:11 pm

Visaka Industries Recommends ₹1.20 Dividend for FY26

AI Summary

Visaka Industries Ltd's board recommended a final dividend of ₹1.20 (60%) per equity share of ₹2 each for the financial year ended March 31, 2026, subject to member approval at the AGM. The 44th Annual General Meeting will be held on July 30, 2026, with a record date of June 26, 2026, to determine eligibility for the dividend. The board also approved the reappointment of M/s. Sagar & Associates as Cost Auditors for FY 2026-27 and appointed Mr. Ramakrishna Pendyala as CFO effective June 20, 2026, following the retirement of Mr. S. Shafiulla on June 19, 2026.

Key Highlights

  • Visaka Industries proposes a final dividend of ₹1.20 per share for FY26.
  • AGM scheduled for July 30, 2026; record date fixed as June 26, 2026.
  • Ramakrishna Pendyala appointed as CFO effective June 20, 2026.
  • Sagar & Associates reappointed as Cost Auditors for FY 2026-27.
  • S. Shafiulla ceased to be CFO on June 19, 2026, due to retirement.