The Board of Directors of Vesuvius India Limited, following a meeting on February 26, 2026, approved the Audited Financial Results for the year ended December 31, 2025. Key highlights include the recommendation of a dividend of Rs. 1.50 per share, subject to shareholder approval. The board also finalized key management changes, including the appointment of a new Chief Financial Officer, Mr. Neeraj Kumar Jumrani, effective March 16, 2026.
Board Meeting Outcome: Financial Approvals
Vesuvius India Limited announced the outcome of its Board Meeting held on February 26, 2026. The Board approved the Statement of Audited Financial Results for the Financial Year ended December 31, 2025, confirming that the Statutory Auditors issued an unmodified opinion on these results.
Dividend Recommendation
The Board recommended a dividend of Rs. 1.50 (One Rupee and Fifty Paisa) per equity share of Re. 1/- each for FY ended December 31, 2025. The Record Date for determining entitlement has been fixed as Thursday, April 30, 2026. The dividend is contingent upon approval by shareholders at the Annual General Meeting scheduled for Thursday, May 7, 2026.
Key Management Appointments and Changes
Several critical appointments and resignations concerning key managerial and auditing personnel were approved:
- Cost Auditor: Approved the appointment of M/s J K & Co, Cost Accountant (FRN: 004010) as the Cost Auditor for the Financial Year 2026 (January 1, 2026, till December 31, 2026).
- Chief Financial Officer Appointment: Approved the appointment of Mr. Neeraj Kumar Jumrani as the Chief Financial Officer, effective from March 16, 2026. Mr. Jumrani is a seasoned Chartered Accountant with over 20 years of experience within the Linde Group.
- Interim CFO Resignation: Accepted the resignation of Mr. Subhabrata Nandi from the position of Interim Chief Financial Officer, effective at the close of business hours on March 15, 2026.
- Senior Managerial Personnel: Approved the appointment of Mr. Thomas Mathew, Mr. Ashis Jain, Mr. Purushottam Bedare, and Mr. Vikram Maladi as Senior Managerial Personnel, effective from March 1, 2026.
Financial Performance Summary (FY Ended Dec 31, 2025)
The Statement of Audited Financial Results shows the following key figures (in Lakhs):
- Total Income from Operations: ₹210,433 Lakhs (compared to ₹186,497 Lakhs in FY 2024).
- Profit Before Tax: ₹35,638 Lakhs (compared to ₹34,884 Lakhs in FY 2024).
- Net Profit for the year: ₹26,408 Lakhs (compared to ₹26,452 Lakhs in FY 2024).
- Total Comprehensive Income: ₹26,233 Lakhs (compared to ₹26,333 Lakhs in FY 2024).
- Earnings Per Share (Basic): ₹13.01 (compared to ₹13.03 in FY 2024, adjusted for share split).
The company also reported that it ceased operations at its erstwhile Visakhapatnam plant on October 13, 2025, and subsequently sold the land and structures for a total consideration of ₹3,051 lakhs on October 24, 2025.
Auditor’s Report Insights
The Independent Auditor’s Report notes that the Company has maintained proper records for Property, Plant, and Equipment. A key detail regarding immovable property is that freehold land in Visakhapatnam (Carrying Value: Rs. 3,193 Lakhs) is held in the name of the Andhra Pradesh Industrial Infrastructure Corporation, pending completion of activities as per the Detailed Project Report agreement executed on July 3, 2024.
Furthermore, the auditors confirm that the company has an adequate internal financial controls system operating effectively as of December 31, 2025, as required by law.
Source: BSE
