Sahyadri Industries Limited has informed the Exchange regarding Appointment of Mr Sunil Mahendra Suratwala as Non- Executive Independent Director of the company w.e.f. May 09, 2026.
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Sahyadri Industries Limited held its Board meeting on May 9, 2026, approving audited financial results for Q4 and FY2026. Total income grew 12.5% to Rs. 684.87 Crores while net profit surged 49% to Rs. 29 Crores compared to the previous year. EPS improved to Rs. 26.50 from Rs. 17.78. The Board recommended a final dividend of Rs. 1.5 per share (subject to shareholder approval). Three key appointments were made: Mr. Sunil Mahendra Suratwala appointed as Additional Non-Executive Independent Director (5-year term from May 9, 2026), along with re-appointments of Mrs. Moushmi Shaha and Mr. Ankem Sri Prasad Mohan as Independent Directors for second 5-year terms. All auditor appointments (statutory, internal, and cost) were reappointed. Borrowings were significantly reduced from Rs. 71.07 Crores to Rs. 16.34 Crores. The company is expanding with a new asbestos corrugated sheet unit in Odisha (1,20,000 MT capacity) and a non-asbestos cement board plant in Maharashtra (72,000 MT capacity).
Strong financial performance with near-doubling of profit growth and debt reduction signals improved operational efficiency. The new independent director appointment with 35+ years of chartered accountancy experience strengthens the board's financial oversight capability, while dividend declaration provides shareholder value. Expansion projects indicate growth ambitions but require monitoring for capital allocation risks.