Shares of Avanti Feeds Limited experienced a notable decline on Friday morning following the announcement that C. Ramachandra Rao, the company’s long-serving Joint Managing Director and Chief Financial Officer, will step down from the CFO role effective June 1, 2026. The stock hit an intraday low of ₹1,180 before recovering slightly to around ₹1,220, marking a nearly 6 percent decrease from Thursday’s close of ₹1,297. By 12:46 PM, over 19.75 lakh shares had changed hands, with sell orders outpacing buy orders at 87,056 units versus 72,956 units.
Ramachandra Rao, a Chartered Accountant and law graduate boasting over 50 years of experience, has been a pivotal figure at Avanti since its inception, juggling the CFO role along with his responsibilities as Joint Managing Director and Company Secretary. He cited his focus on new project work and succession planning as factors behind his decision to resign. Mrs. B. Santhi Latha, the General Manager of Finance & Accounts with three decades of professional experience, including 15 years at the company, has been appointed as the new CFO.
Despite the management changes, the company reported solid financial results. For the fiscal year ending March 31, 2026, consolidated net profit increased to ₹65,680 lakh, up from ₹55,705 lakh the previous year, while revenue from operations grew to ₹6,06,585 lakh, compared to ₹5,59,869 lakh. The board has recommended a final dividend of ₹10 per share. However, the profit for the March quarter at ₹13,885 lakh was lower than the ₹16,347 lakh recorded in the December quarter, partly due to a one-time impairment charge of ₹1,297 lakh related to an associate company, Patikari Power Private Limited, following damage to its hydel plant in Himachal Pradesh due to a cloudburst last July.
Additionally, the board has approved the re-appointment of Dr. A. Indra Kumar as Chairman and Managing Director for another five-year term starting July 1, 2026. At current trading levels, Avanti’s shares are priced at a P/E ratio of 26.93, and the company’s market capitalization stands at approximately ₹16,622 crore, reflecting an increase of around 39 percent year-to-date.
Published on May 29, 2026
