Visaka Industries Limited — Important, 31-07-2025: General Updates

Visaka Industries has launched a Public Deposit Scheme to secure short and medium-term working capital. These unsecured deposits offer interest up to 10.00% annually (11.50% yield for senior citizens/physically challenged) for 12, 24, or 36 months, with a minimum Rs. 25,000. The scheme carries a CARE A+ (Negative outlook) credit rating. As of March 31, 2025, outstanding public deposits totaled Rs. 11.37 Cr. The company aims to raise additional funds through this scheme, which will rank equally with other unsecured liabilities. Relatives of management hold Rs. 1.42 Cr in deposits.