Sandhar Technologies Limited has informed the Exchange regarding Appointment of Vipin Kumar Rawat as Other of the company w.e.f. August 07, 2025.
SANDHAR · price
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Sandhar Technologies reported Q1 FY26 standalone revenue of Rs 728.12 crore (up 8% YoY) and net profit of Rs 25.40 crore (up 3% YoY); consolidated revenue grew nearly 20% YoY to Rs 1,090.09 crore though net profit dipped slightly to Rs 28.01 crore. The board approved raising up to Rs 500 crore through preferential allotment, QIP, or private placement, and proposed increasing authorised share capital from Rs 70 crore to Rs 80 crore. Borrowing limits under Section 180(1)(c) are being doubled from Rs 600 crore to Rs 1,200 crore, subject to shareholder approval. Founder Jayant Davar was re-appointed as Executive Chairman & CEO for five years effective January 1, 2026, subject to AGM approval. The board also approved slump sale of two operating units (TN Unit-I and HR Unit-V) to its wholly owned subsidiary Sandhar Ascast Private Limited, and designated three senior executives as Key Managerial Personnel.
The Rs 500 crore fundraise and doubling of borrowing limits signal significant capital expansion plans, which could lead to equity dilution for existing shareholders. The re-appointment of the founder-CEO provides leadership continuity, while the unit transfers to the wholly owned subsidiary indicate internal restructuring rather than outright divestment. Q1 results show healthy top-line growth on a consolidated basis, though profit growth was modest.