Sandhar Technologies Limited has informed the Exchange regarding Appointment of SP Kamboj, Prabodh Kumar, Harjit Singh as Senior Management Personnel of the company w.e.f. August 07, 2025.
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Sandhar Technologies' board met on August 7, 2025, and approved several key items. Standalone Q1 FY26 revenue stood at ₹728.12 crore (up from ₹674.11 crore YoY) with net profit of ₹25.40 crore (EPS ₹4.22); consolidated revenue was ₹1,090.09 crore with net profit of ₹28.01 crore. Founder Jayant Davar was re-appointed as Executive Chairman & CEO for five years effective January 1, 2026. The board approved raising up to ₹500 crore via preferential allotment, QIP, or private placement, and increasing the borrowing limit from ₹600 crore to ₹1,200 crore. Two units (TN Unit-I and HR Unit-V) will be transferred via slump sale to wholly owned subsidiary Sandhar Ascast Private Limited. Three persons were designated as Key Managerial Personnel and ten as Senior Management Personnel, including SP Kamboj, Prabodh Kumar, and Harjit Singh.
Strong top-line growth in Q1 FY26 with a smaller profit increase signals margin pressure, while the ₹500 crore capital raise and doubling of borrowing limit suggest expansion or refinancing plans that may lead to equity dilution. The slump sale to a wholly owned subsidiary is largely a restructuring move with limited cash impact.