Visaka Industries Limited has announced a significant addition to its leadership team, appointing Dr. Gaddam Vritika as Chief Business Strategist and Advisor to the Chairman. The appointment, set to take effect on April 1, 2025, was approved by the company's Board of Directors on March 26, 2025, following a recommendation from the Nomination and Remuneration Committee.

New Role and Responsibilities

Dr. Vritika, 37, will step into the dual role of Chief Business Strategist and Advisor to the Chairman, bringing her unique blend of medical expertise and entrepreneurial acumen to Visaka Industries. While specific details of her responsibilities have not been disclosed, her position suggests she will play a crucial role in shaping the company's strategic direction and advising on key business decisions.

Professional Background

Dr. Gaddam Vritika comes to Visaka Industries with an impressive background in medicine and entrepreneurship:

Additionally, she is the co-founder of NAVA Skin and Body Clinic, demonstrating her entrepreneurial skills.

Her combination of medical knowledge and business experience positions her well for a strategic role in a diversified company like Visaka Industries.

Family Ties and Corporate Governance

The appointment of Dr. Vritika highlights the strong family involvement in Visaka Industries' leadership:

• Daughter of Chairman Dr. G. Vivek Venkatswamy and Managing Director Smt. G. Saroja Vivekanand
• Sister of Joint Managing Director Shri G. Vamsi Krishna

While family-led businesses are not uncommon in India, this appointment may draw attention to the company's corporate governance practices and succession planning strategies.

Implications for Visaka Industries

The addition of Dr. Vritika to the executive team could signal Visaka Industries' intent to:

1. Bring fresh perspectives to its business strategy
2. Potentially explore new markets or product lines, possibly leveraging her medical background
3. Strengthen its leadership pipeline with next-generation family members

As Visaka Industries prepares for this transition, stakeholders will likely be watching closely to see how Dr. Vritika's appointment influences the company's strategic direction and performance in the coming years.

Visaka Industries , known for its diverse product portfolio including cement roofing sheets, panels, and synthetic yarns, has announced significant changes to its promoter group structure, following a recent court order and subsequent share transfer.

Court-Ordered Share Transfer

The National Company Law Tribunal (NCLT) Hyderabad branch issued an order directing the transfer of 11,54,612 equity shares, representing 93.75% of Yeshwanth Realtors Pvt. Ltd., to Dr. G. Vritika, a member of Visaka Industries' promoter group. This transfer was completed as per the company's regulatory filing.

Expansion of Promoter Group

As a result of this ownership change, two companies have been added to Visaka Industries' promoter group:

1. Yeshwanth Realtors Pvt. Ltd.: Now majority-owned by Dr. G. Vritika, a promoter group member of Visaka Industries.
2. Vigilance Security Services Pvt. Ltd.: A company in which Yeshwanth Realtors holds a 93.55% stake.

Shareholding Impact

The inclusion of these companies in the promoter group has implications for Visaka Industries' shareholding structure:

• Vigilance Security Services Pvt. Ltd. owns 41,69,120 equity shares of Visaka Industries, accounting for 4.83% of the company's paid-up share capital.
• This indirect holding through Vigilance Security Services now falls under the promoter group category.

Regulatory Compliance

Visaka Industries has stated that these changes are in line with Regulation 2(pp)(iv)(A) & (B) of SEBI (ICDR) Regulations, 2018. The company will reflect these alterations in its shareholding pattern from the upcoming quarter onwards, as communicated to the stock exchanges.

Conclusion

This restructuring of the promoter group, while not directly affecting Visaka Industries' operations, represents a significant change in its ownership structure. Investors and market watchers may want to take note of this development as it could potentially influence future decision-making and control dynamics within the company.