Intimation for appointment/reappointment and re-designation of directors.
SAMBHV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sambhv Steel Tubes Limited held its Board meeting on May 9, 2026, approving audited FY2026 financial results with strong performance. Consolidated revenue grew 59% to ₹24,132 million from ₹15,167 million, while net profit more than doubled to ₹1,422 million from ₹573 million. EPS improved to ₹5.05 from ₹2.38. The Board also approved a major capacity expansion at its Sarora facility: adding 150,000 MTPA pipe manufacturing capacity (43% increase to 500,000 MTPA) and a new 30 MW captive power plant, requiring total investment of ₹2,000 million by December 2027. On the leadership front, the company appointed Mr. Bikash Agrawal as Additional Executive Director and Mr. Shashank Goyal as Senior Management Personnel (VP-Project Management), while Mr. Suresh Kumar Goyal was re-designated as Chairman cum Managing Director. New auditors were also appointed for internal and cost audit functions.
The strong financial results with near-doubling of profits and the ambitious ₹2,000 million expansion plan signal company growth momentum. The appointment of Shashank Goyal (son of MD Vikas Kumar Goyal) to senior management suggests potential leadership transition planning within the promoter family.