The Sandesh Limited has informed the Exchange regarding Change in Director(s) of the company.
SANDESH · price
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Awaiting price reaction for this filing.
The Sandesh Limited announced Q1 FY26 (quarter ended June 30, 2025) unaudited results with standalone total income of Rs. 72.90 crores and profit after tax of Rs. 16.06 crores, broadly steady year-on-year. The board fixed August 22, 2025 as the record date for the final dividend of Rs. 2.50 per share (face value Rs. 10) for FY24-25, subject to shareholder approval. Mr. Hardik Joshi (ICSI Membership A58557) was appointed as the new Company Secretary and Compliance Officer (KMP), replacing the prior incumbent. The board also approved the reappointment of Smt. Pannaben Falgunbhai Patel, a non-executive non-independent director and wife of CMD Shri Falgunbhai C. Patel, liable to retire by rotation. Additionally, the board approved the continuation of promoter Shri Falgunbhai C. Patel as Chairman & Managing Director beyond age 70 (he turns 70 on January 11, 2026), with his term running until March 31, 2027, subject to shareholder approval.
The combination of steady quarterly earnings, a confirmed final dividend, and seamless leadership/board continuity is mildly positive for shareholder sentiment. However, the concentration of promoter family members across key board and KMP positions, along with the continuation of the CMD past age 70, may draw governance scrutiny from investors focused on board independence.