Sandhar Technologies Limited has informed the Exchange regarding Appointment of M/s Satija & Co. as Other of the company w.e.f. April 01, 2025.
SANDHAR · price
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Awaiting price reaction for this filing.
Sandhar Technologies reported Q1 FY26 consolidated revenue of ₹1,090 crore, up ~19% year-on-year from ₹912 crore, but net profit dipped slightly to ₹28 crore vs ₹29 crore. Standalone revenue rose ~8% to ₹728 crore with net profit of ₹25.4 crore. The Board re-appointed founder Shri Jayant Davar as Executive Chairman & CEO for a fresh 5-year term effective January 1, 2026. It approved a capital raise of up to ₹500 crore through preferential allotment, QIP, or private placement, and an increase in authorised share capital from ₹70 crore to ₹80 crore. Two business units (TN Unit-I and HR Unit-V) will be transferred via slump sale to wholly-owned subsidiary Sandhar Ascast Private Limited. The Board also doubled the borrowing limit from ₹600 crore to ₹1,200 crore and re-appointed M/s Satija & Co. as Cost Auditor for FY26. The 33rd AGM is set for September 19, 2025 with a final dividend of ₹3.50 per share.
Positive for stability – founder Jayant Davar's continuation as CEO provides leadership continuity, while the ₹500 crore capital raise signals growth ambitions. The doubling of borrowing limits and slump sale of two units to a wholly-owned subsidiary suggest restructuring for focused operations. Short-term, the slight dip in consolidated profit despite strong revenue growth may be a watch point for investors.