Intimation regarding appointment of Mr. Vetukuri Venkata Ramana Raju having DIN: 02534097 as an Additional Director under category of Non-Executive and Independent Director w.e.f. August ....
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Samkrg Pistons & Rings reported its Q1 FY26 (quarter ended June 30, 2025) results along with the appointment of Mr. Vetukuri Venkata Ramana Raju as an Additional Non-Executive & Independent Director, effective August 11, 2025, subject to shareholder approval at the 39th AGM. Revenue from operations rose to Rs. 6,397.24 lakhs from Rs. 5,728.96 lakhs year-on-year, an increase of about 11.7%. Profit after tax grew sharply to Rs. 287.77 lakhs (from Rs. 188.32 lakhs), up roughly 53% YoY, translating to EPS of Rs. 2.93 versus Rs. 1.92 in the same quarter last year. The Board also re-constituted its committees, with the new director taking chairmanship of the Audit Committee and the Stakeholders Relationship Committee.
The results show healthy top-line and earnings growth, which is positive for shareholders, while the addition of a new independent director brings the board to seven members with a strong majority of independent oversight, subject to AGM approval.