V-Guard Industries Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board of Directors of V-Guard Industries approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. Standalone revenue from operations was ₹1,185.25 crore, with a profit of ₹48.09 crore, while consolidated revenue reached ₹1,268.65 crore, resulting in a profit of ₹60.22 crore. The board also issued 47,451 equity shares to employees as part of the Employee Stock Option Scheme. Additionally, Mr. Kochouseph Chittilappilly announced his intention to step down as Chairman Emeritus by March 31, 2025, to focus on philanthropic activities. The board approved significant investment in expanding the ceiling fan manufacturing facility in Hyderabad.