Visaka Industries Ltd reappoints Joint MD

The Board of Directors of Visaka Industries Ltd, at its meeting held on 30th April, 2022, has considered and approved the re-appointment of Mr. G. Vamsi Krishna (DIN: 03544943), Joint Managing Director of the Company, for a further period of five (5) years w.e.f. 6th May, 2022 to 5th May, 2027 (both days inclusive).

Mr. G. Vamsi Krishna is an International Baccalaureate, graduated from the United World College of South East Asia, Singapore in 2006 and Graduated as a Bachelor of Science and management from Purdue University, USA in 2010.

Mr. G. Vamsi Krishna played a key role in phenomenal growth in Turnover and profitability achieved by the Company for the last 8 years by continuously developing and executing the company' s business strategies and implementing comprehensive successful business plans. He has also implemented various cost reducing technics without affecting quality and introduced various new steps for cost effective operations and market development activities. He is the brain behind development of modern technology with the Vnext Fiber Cement range (2008) that was GreenPro certified in 2014 which is an eco-friendly substitute to conventional materials like plywood, gypsum boards and traditional brick wall construction. Introduced solid load bearing wall solution, Vnext Infill in 2017 as an addition to the Vnext range. Also launched the innovative ATUM Solar Roof in 2017 an integrated solar roof as an alternative to the conventional retrofit solar systems, which was patented in August 2020. Developed ATUM powered pushcarts to help low-income entrepreneurs with their daily expenses that offer both roofing and power for their business needs.

Shares of Visaka Industries Limited was last trading in BSE at Rs. 573.00 as compared to the previous close of Rs. 571.90. The total number of shares traded during the day was 1868 in over 152 trades.

The stock hit an intraday high of Rs. 579.00 and intraday low of 567.80. The net turnover during the day was Rs. 1068025.00.

Source : Equity Bulls

Keywords

VisakaIndustries INE392A01013 Reappointment JointMD