Vesuvius India Limited announced the outcome of its Board of Directors meeting held on February 26, 2026, where the company approved audited financial results for the financial year ended December 31, 2025, recommended a dividend of ₹1.50 per equity share, and made key leadership appointments including a new Chief Financial Officer.

Chief Financial Officer Transition

The Board approved the appointment of Mr. Neeraj Kumar Jumrani as the Chief Financial Officer effective March 16, 2026. Mr. Subhabrata Nandi will step down from his role as Interim Chief Financial Officer on March 15, 2026.

Mr. Jumrani brings over 20 years of experience with the Linde Group across multiple geographies including Indonesia, the Philippines, Vietnam, Singapore, and Malaysia. He currently serves as Chief Financial Officer and Finance Director of Linde India Limited, Kolkata. A Chartered Accountant with a Bachelor of Commerce degree from St. Xavier's College, Kolkata, Mr. Jumrani is recognized as a strategic leader with expertise in corporate finance, FP&A, treasury, taxation, and business transformation initiatives.

Financial Performance Highlights

The company delivered robust financial performance with significant growth across key metrics:

Dividend Declaration and Key Dates

The Board recommended a dividend of ₹1.50 per equity share of face value ₹1 each, subject to shareholder approval at the Annual General Meeting:

Additional Board Appointments

Beyond the CFO appointment, the Board approved several other strategic appointments to strengthen the leadership team:

Operational Developments

The company completed the transition from its erstwhile plant in Visakhapatnam to the new Al-Si Monolithic Plant at Anakapalli. The sale of the old plant generated a gain of ₹2,526 lakhs, contributing to other income for the year. Price Waterhouse Chartered Accountants LLP issued an unmodified audit opinion on the financial statements, confirming compliance with Indian Accounting Standards.

Vesuvius India Limited has strengthened its senior management team with the appointment of four key personnel, as approved by the Board of Directors in their meeting held on February 26, 2026. The appointments will take effect from March 1, 2026.

New Senior Management Appointments

The company has made strategic appointments across critical business functions to enhance operational efficiency and drive growth initiatives.

Leadership Profiles and Experience

Thomas Mathew - Director, M&T

Mr. Mathew brings 28 years of established sales experience with expertise in strategic planning, customer relationship management, product strategy, market optimization, and pricing. His career began with Vesuvius India, where he spent over 22 years in key roles spanning sales, business development, and technical marketing. He subsequently joined RHI Magnesita as Director of Marketing & Solutions, R&D, and Quality Control, leading multinational teams and global projects across India, western Asia, and Africa before rejoining the company.

Ashis Jain - Procurement Director

A seasoned procurement leader with 15 years of experience, Mr. Jain previously served as Head - Global Sourcing, Bulk Commodities at Tata Steel, managing procurement across India and the UK. He has led major transformation initiatives focused on synergy, digitalization (Procurement 4.0), and business excellence, with a strong foundation in TQM and ISO-based process improvements.

Purushottam Bedare - Commercial Director, IP

Mr. Bedare has over 19 years of extensive experience managing large-scale Iron & Steel accounts and multi-disciplinary teams. He has a proven track record in driving P&L health and sustainable growth across high-temperature industrial sectors, including Cement, Aluminum, Ferrous, and Non-Ferrous metals. He has been associated with Vesuvius India for the last 8 years and previously worked with Calderys India Refractories Ltd for 11 years.

Vikram Maladi - Supply Chain Director

With more than 17 years of experience across supply chain planning, procurement, logistics, and operations in the FMCG sector, Mr. Maladi brings valuable expertise to the role. He spent 12 years with Amway India Enterprises, leading end-to-end planning, buying, and distribution, and 5 years with Godrej Consumer Products, demonstrating a strong track record in driving service excellence, operational efficiency, and cost optimization.

Regulatory Compliance

The appointments have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about these senior management changes as required under the listing regulations.