Sandhar Technologies Limited has informed the Exchange regarding Appointment of Mr Shri Jayant Davar as Other of the company w.e.f. January 01, 2026.
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Sandhar Technologies' board on August 7, 2025 approved Q1 FY26 results with consolidated revenue of Rs 1,090 crore, up about 19% year-on-year, while net profit was nearly flat at Rs 28 crore vs Rs 29 crore in Q1 FY25. On standalone basis, revenue rose to Rs 728 crore and net profit to Rs 25.4 crore from Rs 24.7 crore. The board re-appointed founder Shri Jayant Davar as Executive Chairman & CEO for five years effective January 1, 2026, subject to shareholder approval. It also approved raising up to Rs 500 crore through preferential allotment, QIP, or other modes, increasing authorised share capital to Rs 80 crore, and doubling the borrowing limit to Rs 1,200 crore. Two units (TN Unit-I and HR Unit-V) will be sold to wholly owned subsidiary Sandhar Ascast via slump sale, and a final dividend of Rs 3.50 per share is recommended, with the AGM scheduled for September 19, 2025.
The Q1 results show healthy revenue growth but margin pressure with flat profits and rising employee/finance costs. The Rs 500 crore fundraise and doubled borrowing limit signal aggressive growth or acquisition plans, which could lead to dilution and higher debt — investors should watch how the capital is deployed. Re-appointment of the founder-promoter provides leadership continuity, while the slump sale of two units to a subsidiary is an internal restructuring and may not affect minority shareholders materially.