Visaka Industries Limited has announced the retirement of a senior management personnel, marking a significant transition in its leadership structure. The company disclosed this development in compliance with regulatory requirements under SEBI Listing Regulations.

Senior Management Transition

Shri Rajnavneeth Rao Linga Rao Thurpu, who serves as President - Technical (AC Division), will be retiring from the company effective from the closing business hours of December 30, 2025. This retirement represents a planned transition within the company's senior management team.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its obligation to inform both the National Stock Exchange of India Limited and BSE Limited about this material change in senior management.

The announcement follows the requirements outlined in the SEBI Master Circular dated November 11, 2024, bearing reference number SEBI/HO/CFD/PoD2/CIR/P/0155, ensuring full compliance with listing regulations. The company has provided all necessary details as mandated under Regulation 30 and Schedule III of the SEBI Listing Regulations.

Company Communication

The formal disclosure was signed by Ramakanth Kunapuli, AVP & Company Secretary, on December 30, 2025, and communicated to both stock exchanges where the company's shares are listed. The company trades under the scrip code VISAKAIND on NSE and 509055 on BSE.

This retirement announcement reflects the company's commitment to transparent communication with stakeholders regarding significant changes in its management structure. The transition is part of the natural evolution of the company's leadership team as it continues its operations in the cement products sector.

Visaka Industries Limited has entered into a significant land transaction, announcing the transfer of leasehold rights for a 7-acre property in Chennai. The company informed stock exchanges on December 11, 2025, about this strategic asset disposal under SEBI regulations.

Transaction Overview

The company has signed a Memorandum of Understanding (MoU) with M/s Caresoft Global Mobility Technologies Private Limited for the transfer of balance term leasehold rights. The land is situated at Mahindra World City Developers Ltd., Chennai, specifically in Anjur and Thenmelpakkam Villages, Chengalpattu Taluk, Kanchipuram District, Tamil Nadu.

Buyer Information and Transaction Structure

Caresoft Global Mobility Technologies Private Limited, incorporated with CIN U62090TN2025FTC186101, is the acquiring entity for this transaction. Importantly, the buyer does not belong to the promoter or promoter group of Visaka Industries, ensuring this is not a related party transaction.

The consideration amount of ₹32.86 crores will be received in one or more tranches, subject to deduction of applicable taxes. This structure provides flexibility in payment terms while ensuring compliance with tax obligations.

Timeline and Regulatory Compliance

The transaction is expected to be completed within 60 days from the MoU date, with provisions for extension up to an additional 30 days if required. The completion timeline is subject to receipt of requisite regulatory approvals.

The company has made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparent corporate governance and timely investor communication.

Strategic Implications

This land disposal represents a non-strategic asset monetization for Visaka Industries. The transaction does not fall within any scheme of arrangement and is not classified as a slump sale, indicating a straightforward asset transfer structure. The proceeds from this transaction could potentially be utilized for the company's core business operations or other strategic investments.