V-Guard Industries Limited — Important, 28-01-2025: Updates

The Board of V-Guard Industries Ltd approved the financial results for the quarter and nine months ended December 31, 2024, reporting a total income of ₹1,190.66 crore and a profit after tax of ₹48.09 crore. The revenue from operations showed a slight decrease compared to the previous quarter, reflecting challenges in the market. Additionally, the board has allotted 47,451 equity shares under the Employee Stock Option Scheme.

In a significant leadership transition, Mr. Kochouseph Chittilappilly, Chairman Emeritus, will step down in March 2025 to focus on philanthropic activities. The board acknowledged his contributions and extended gratitude.

Furthermore, the board approved a capacity addition at the fans manufacturing facility in Hyderabad, aiming for a phased capacity addition of 26 lakh units per annum over the next 4-5 years, with an investment of approximately ₹100 crore to support projected growth in the ceiling fan market. The increased capacity will also facilitate the introduction of premium fan models, enhancing supply chain security and optimizing costs.