Sai Silks Approves FY 2025-26 Results and Announces Key Leadership Changes
Sai Silks (Kalamandir) Limited held its Board of Directors meeting on May 12, 2026, approving the financial results and statements for the financial year ended March 31, 2026. The Board also recommended a final dividend and executed significant corporate restructuring, including key managerial appointments and committee reconstitution.The Board approved the financial results for the fourth quarter and the entire financial year ending March 31, 2026, and approved the corresponding financial statements for the year 2025-26.
Dividend Recommendation and Management Changes
Key financial and governance outcomes approved by the Board include:- Dividend: The Board recommended a final dividend of Rs. 1.50 per equity share, which represents 75% of the nominal value of Rs. 2.00 each, for the Financial Year 2025-26. This dividend is subject to the approval of the shareholders at the Annual General Meeting.
- CEO Appointment: Mr. Bharadwaj Rachamadugu was appointed as Chief Executive Officer (CEO), a Key Managerial Personnel, effective May 12, 2026. This appointment is based on the recommendation of the Nomination and Remuneration Committee. His monthly remuneration is set at Rs. 5,00,000.
- Director Resignation: Ms. Sirisha Chintapalli resigned as Independent Director of the Company, effective May 6, 2026. Consequently, she also ceased to be a Member of the Audit Committee, the Nomination and Remuneration Committee, and the Chairperson of the Stakeholders Relationship Committee.
- Additional Director Appointment: Ms. Sridevi Dasari was appointed as Additional Director (AD) under the category 'Non-Executive Independent Woman Director'. This appointment, subject to shareholder approval, grants her the office of independent director for five consecutive years, beginning May 12, 2026.
Committee Reconstitution
The Board also approved the reconstitution of its various committees, effective May 12, 2026.| Committee Name | Members |
|---|---|
| Audit Committee | Mr. M.R.Vikram (Chairman), Mr. Pramod Kasat (Member), Mr. K.V. Ramakrishna (Member), Ms. Sridevi Dasari (Member - AD) |
| Nomination and Remuneration Committee | Mr. K.V. Ramakrishna (Chairman), Mr. Pramod Kasat (Member), Mr. M.R.Vikram (Member), Ms. Sridevi Dasari (Member - AD) |
| Stakeholders Relationship Committee | Ms. Sridevi Dasari (Chairman), Mr. CH.N.K.D Prasad (Member - Managing Director), Mr. Kalyan Srinivas A (Member - Whole Time Director) |
Financial Highlights
The company’s financial position and performance for the year ended March 31, 2026, were reviewed and approved.Balance Sheet Summary (As at March 31, 2026 and March 31, 2025)
(All amounts are in INR Crores)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 1,213.72 | 1,125.09 |
| Total Equity and Liabilities | 1,848.90 | 1,640.65 |
| Key Component: Other Equity | 1,231.00 | 1,102.30 |
Cash Flow Statement Summary (Year ended March 31, 2026 and Year ended March 31, 2025)
(All amounts are in INR Crores)
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Net Cash generated from operating activities | 322.53 | 106.78 |
| Net Cash generated from investing activities | (152.54) | 118.41 |
| Net Cash Flow from financing activities | (235.91) | (184.16) |
| Cash and Cash equivalents at the end of the year | 19.38 | 85.30 |
The company's operational details include:
- Total Income: Revenue from operations and other income were recorded for the period.
- Profit Before Tax: The financial results showed an operational profit before tax and exceptional items of 189.55 INR Crores for the year ended March 31, 2026.
- Auditor's Opinion: The statutory auditors issued an audit report with an unmodified opinion on the audited financial results for the fourth quarter and the financial year ended March 31, 2026.
KALAMANDIR Stock Price Movement
Sai Silks (Kalamandir) Limited shares today slipped by 6.91% to settle at ₹108.34. The stock experienced significant selling pressure, with a total traded volume reaching 767,951 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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