Sandhar Technologies Limited has informed the Exchange regarding Appointment of R.M. Shrivastva, Atul Sharma, Vijay Dahiya as Senior Management Personnel of the company w.e.f. August 07, 2025.
SANDHAR · price
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Sandhar Technologies reported Q1 FY26 consolidated revenue of Rs 1,090 crore (up ~19% YoY from Rs 912 crore) but net profit dipped slightly to Rs 28 crore from Rs 29 crore YoY; standalone revenue rose to Rs 728 crore with net profit of Rs 25.4 crore. The board approved the re-appointment of founder Jayant Davar as Executive Chairman & CEO for 5 years effective January 1, 2026, subject to shareholder approval. Three senior leaders — Vikas Puri, Ankush Passi, and Shirin Sachdeva — were designated as Key Managerial Personnel, and 10 employees were appointed as Senior Management Personnel. The company also approved slump sales of its TN Unit-I and HR Unit-V to its wholly-owned subsidiary Sandhar Ascast Pvt Ltd.
The CEO re-appointment brings continuity under the founder's leadership. The Rs 500 crore capital raise plan, doubled borrowing limit (Rs 600 to Rs 1,200 crore), and 14% rise in authorized share capital signal major expansion or acquisition plans that could lead to equity dilution, but also indicate growth ambitions. Mixed Q1 results — strong revenue growth but flat-to-lower profit — may draw neutral to slightly negative short-term market reaction.