Event Details
The 44th Annual General Meeting (AGM) of Visaka Industries Limited was held on Thursday, July 30, 2026 at 03:30 PM (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting concluded at 04:45 PM (IST), excluding the 30 minutes allocated for e-voting at the AGM.
Attendance
Directors/Officials Present:
- Dr. G. Vivek Venkatswamy (DIN: 00011684) - Chairman, Chennur
- Smt. Vanitha Datla (DIN: 00480422) - Independent Director, Hyderabad
- Shri G. Appnender Babu (DIN: 00034681) - Independent Director, Hyderabad
- Shri Sanjay Vijay Singh Jesrani (DIN: 02306916) - Independent Director, Hyderabad
- Shri Pravin Chelluri (DIN: 10568107) - Independent Director, Dubai
- Shri Gusti Jall Noria (DIN: 00015561) - Non-Independent & Non-Executive Director, Hyderabad
- Smt. G. Saroja Vivekanand (DIN: 00012994) - Managing Director, Hyderabad
- Dr. Vritika Gaddam - Chief Business Strategist & Advisor to Chairman, Hyderabad
- Shri S. Shafiulla - President (F&A), Hyderabad
- Shri Ramakrishna Pendyala - Sr. Vice President & CFO, Hyderabad
Notable Absence:
Shri Vamsi Krishna Gaddam, Joint Managing Director and Member of Parliament (Lok Sabha), could not attend due to parliament being in session.
Other Attendees:
- Shri Ramakanth Kunapuli - Assistant Vice President & Company Secretary
- Shri Srikanth Pola - Partner, M/s. Price Waterhouse & Co. Chartered Accountants LLP (Statutory Auditors), Bengaluru
- Shri Gopi Reddy Malyadri - M/s. GMR & Associates (Secretarial Auditors), Hyderabad
- Shri B. V. Saravana Kumar - Practicing Company Secretary/Scrutinizer, Hyderabad
Members: Total 81 members attended through video conferencing.
Business Transacted
The following agenda items from the Notice dated May 18, 2026 were transacted:
Ordinary Business:
1. Adoption of audited financial statements (standalone and consolidated) for FY ended March 31, 2026, along with reports of Board of Directors and Auditors
2. Declaration of Final Dividend of ₹1.20 per Equity Share (face value ₹2/-) for Financial Year 2025-26
3. Reappointment of Shri Gusti Jall Noria (DIN: 00015561) who retired by rotation
Special Business:
4. Ratification of Remuneration payable to Cost Auditors M/s. Sagar & Associates (Firm Reg No. 000118) for FY ending March 31, 2027
Voting Process
Remote e-voting facility was provided through NSDL until 30 minutes from the conclusion of the AGM. Shri B. V. Saravana Kumar was appointed as Scrutinizer to supervise the voting process. Combined voting results and Scrutinizer's Report will be submitted to stock exchanges within two working days.
Key Addresses
Chairman's Address: Dr. G. Vivek Venkatswamy briefed members on:
- Company performance and financial highlights for FY 2025-26
- Final Dividend declaration
- Business outlook and general economic scenario
- Prospects of company products in coming years
- Thanks to stakeholders including members, suppliers, customers, government, regulatory authorities, employees, and financial institutions
Chief Business Strategist Address: Dr. Vritika Gaddam addressed:
- Outlook for roofing business
- Growth opportunities for V-next Boards & panels business
- ATUM solar roofing business prospects
- Textiles business outlook
- Future capex plans of the Company
- Challenges posed by geopolitical developments and supply chain disruptions
- Thanks to stakeholders for continued support
Auditor Reports
No qualifications, observations, or adverse remarks were noted in the reports of Statutory and Secretarial Auditors.
Factory Locations Listed
The document includes detailed addresses of multiple factory locations across India:
- A.C. Division IV: Tumkur Dist., Karnataka
- A.C. Division V: Raebareli Dist., U.P.
- A.C. Division VI: NTR Dist., A.P.
- A.C. Division VII: Sambalpur Dist, Odisha
- Textile Division: Nagpur District, Maharashtra
- V-Boards Division I: Nalgonda Dist, Telangana
- V-Boards Division II: Pune Dist, Maharashtra
- V-Boards Division III: Jhajjar, Haryana
- V-Boards Division IV: Tiruppur Dist, TN
- V-Boards Division V: Pachim Medinipur Dist, W.B.