Visaka Industries Ltd

Management changes

• S. Shafiulla retires as President (F&A) SMP effective Sep 30, 2026.
• Prakash Punj Verma promoted to President, Marketing - AC Division, SMP as of Sep 30, 2026.
• Chetan V. Bhadane promoted to President, Marketing - V-Boards Division, SMP as of Sep 30, 2026.
• Ramakanth Kunapuli promoted to Vice President & Company Secretary, KMP, effective Sep 30, 2026.
• Annexures I-II provide profiles; no material financial amounts disclosed.

Visaka Industries Limited trading window closed from October 01, 2026 in connection with Audited Financial Results for the second quarter and half year ending September 30, 2026; reopen till expiry of 48 hours from the submission of Audited Financial Results to the Stock Exchanges.

Acquisition details

• Target: Visaka Industries Limited; acquirer: Vigilance Security Services Private Limited.
• Promoter group: Yes; exchanges: BSE and NSE.
• Pre-acquisition holding: 4,306,254 shares (4.98%).
• Acquired: 15,000 shares (0.02%).
• Post-acquisition holding: 4,321,254 shares (5.00%).
• Mode: Open market purchase of equity shares.
• Date of acquisition: 09-09-2026.
• Equity share capital before/after: 8,64,04,760 equity shares of Rs 2.
• Total diluted share/voting capital: Rs 17,28,09,520.
• Salient features: Existing equity shares with equal voting rights.
• Encumbrances: None.

Rating actions

• Long-term bank facilities ₹351.33cr: CARE A+, Stable; reaffirmed, outlook revised from Negative.
• Short-term bank facilities ₹6.00cr: CARE A1+; assigned.
• Short-term bank facilities ₹185.04cr: CARE A1+; reaffirmed.
• Fixed deposit ₹25cr: CARE A+, Stable; reaffirmed, outlook revised from Negative.

Material changes

• Outlook revised from Negative for the long-term rating; other ratings reaffirmed.

IR Advisory Appointment

• Go India Advisors LLP appointed as Visaka Industries' Investor Relations Agency, effective 1 September 2026.
• IR queries to be addressed at investor.relations@visaka.in under LODR Regulation 30.

Financial results

• Audited standalone and consolidated quarterly results for quarter ended 30-06-2026 approved.
• Statutory auditors issued unmodified opinions on both standalone and consolidated results.

Dividend

• Interim dividend of Rs 1 per share (50%) for FY2026-27 approved.
• Record date fixed as 13 August 2026.

Capacity expansion

• Capacity expansion of 72,000 MTPA for fibre cement and calcium silicate boards at Tonk, Rajasthan.
• Capex estimated at Rs 175 crore; partly funded by internal accruals and borrowings.

New manufacturing line

• Approved setting up construction chemicals line at Tumkur unit, Karnataka.

Regulatory / compliance notes

• Labour Codes impact deemed not material; management to monitor changes.

Meeting Details

• Board meeting scheduled for August 06, 2026; time and venue not disclosed.

Key Agenda Items

• Approve audited standalone and consolidated Q1 results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed since July 01, 2026; remains closed 48 hours after results submission.