Vikram Thermo India Ltd — Updates, 26-05-2025: Company Update

Vikram Thermo has announced a board meeting addressing key corporate decisions. The board approved the financial results for the quarter and half-year ended March 31, 2025, and declared a final dividend of 10% (Rs. 1/share). M/s Samir M. Shah & Associates has been appointed as the internal auditor for FY 2025-26, while M/s A. Shah & Associates is proposed as secretarial auditor for five years, subject to shareholder approval. The company accepted the resignation of CFO Mr. Motibhai Devabhai Fosi and appointed Mrs. Switi Patel, a Chartered Accountant with over 9.5 years of experience, as the new CFO. Additionally, the board approved a 10% remuneration hike for senior management including the Managing Director, Whole Time Directors, and Head of F&D. These leadership changes and financial payouts indicate ongoing corporate governance strengthening and focus on rewarding key personnel.