Visaka Industries Limited has received ₹68.73 crore from the Hyderabad Cricket Association (HCA) following an Arbitral Tribunal award confirmed by the Apex Court of India. The funds were received on July 10, 2026, and include interest, providing a positive impact on the company's financials. The payment resolves a long-standing legal dispute between the two entities regarding a cheque petition.

The Principal Special Court in the Cadre of District Judge for Trial and Disposal of Commercial Disputes, Hyderabad, allowed the company's petition (CEA No. 64 of 2026 in CEP No. 22 of 2025) on July 8, 2026. The award was initially granted by the Arbitral Tribunal and subsequently confirmed by the Supreme Court, leading to the transfer of funds to the company's bank account.

Legal Dispute Details

The litigation involved Visaka Industries Limited and the Hyderabad Cricket Association. The dispute centered on a cheque petition, which the company pursued through legal channels to recover dues. The court's decision on July 8, 2026, paved the way for the enforcement of the arbitral award.

Financial Implications

The receipt of ₹68,73,19,584 marks the conclusion of the legal proceedings. The company disclosed that the amount includes interest and will bolster its financial position. The following table summarizes the key details of the transaction:

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the funds have been credited to its bank account, finalizing the outcome of the dispute.

Visaka Industries Limited has dispatched physical letters containing the weblink and QR code for the 2025-26 Annual Report to shareholders holding physical shares. This communication, sent through the company's Registrar and Share Transfer Agent KFin Technologies Limited, targets eligible members whose email IDs are not registered with the company or its depository participants. The initiative complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has scheduled its 44th Annual General Meeting for Thursday, July 30, 2026, at 3:30 P.M. IST via Video Conferencing and Other Audio-Visual Means. The meeting will transact business including the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹1.20 per equity share of ₹2 each for the financial year 2025-26. This payout, if approved by shareholders, will be made within 30 days from the date of the AGM. The company has fixed June 26, 2026, as the record date to determine member eligibility for the dividend and the annual report. The dividend distribution is subject to deduction of tax at source as per applicable regulations.

Business to be Transacted

Shareholders will consider the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Additionally, the meeting will seek ratification for the remuneration of cost auditors. The Board approved the appointment of M/s. Sagar & Associates as Cost Auditors for the financial year ending March 31, 2027, at a remuneration of ₹1,65,000 plus applicable taxes and reimbursement of out-of-pocket expenses, subject to shareholder ratification.

Re-appointment of Director

Shri. Gusti Jall Noria (DIN: 00015561), who retires by rotation at the upcoming AGM, is eligible for re-appointment and offers himself for the position. He holds 2,565 Equity Shares in the company and attended all five Board meetings held during the year.

E-Voting and Participation Details

The company has provided remote e-voting facilities for members. The remote e-voting period commences on July 26, 2026, at 09:00 A.M. IST and concludes on July 29, 2026, at 05:00 P.M. IST. Members whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of July 23, 2026, are eligible to vote. The facility to attend the AGM via VC/OAVM will be available for 1,000 members on a first-come, first-served basis, excluding large shareholders, promoters, and institutional investors who may attend without restrictions.