Vesuvius India Limited — Important, 26-02-2025: General Updates

Vesuvius India Limited's Board has approved several key actions, including the audited financial results for the financial year ended December 31, 2024, which show significant growth in revenue and profitability. The Company reported a total income of ₹1917.03 crore, up from ₹1638.03 crore, with net profits reaching ₹264.52 crore compared to ₹212.94 crore in the prior year. A dividend of ₹14.50 per share has been recommended, pending shareholder approval at the upcoming Annual General Meeting scheduled for May 8, 2025. This dividend declaration follows a consistent financial performance, indicating a strong outlook.

Additionally, the Board approved a split of existing equity shares, converting each ₹10 share into ten ₹1 shares, aimed at enhancing liquidity and attracting retail investors. This proposed change is also subject to approval at the Annual General Meeting. Furthermore, a new secretarial auditor, M/s Anjan Kumar Roy & Co., has been recommended for appointment for a five-year term. This comprehensive strategy positions Vesuvius for positive growth, and investor attention is warranted as these developments unfold.