Sandhar Technologies Limited has informed the Exchange regarding Appointment of Ashish Vatsa, Narender Kumar Dogra, Sunil Sarad as Senior Management Personnel of the company w.e.f. August 07, 2025.
SANDHAR · price
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Awaiting price reaction for this filing.
Sandhar Technologies reported Q1 FY26 standalone revenue of INR 728.12 crore (up ~8% YoY) with net profit of INR 25.40 crore (vs INR 24.67 crore YoY); consolidated revenue jumped ~19% to INR 1,090.09 crore but net profit dipped slightly to INR 28.01 crore. The Board approved raising up to INR 500 crore via preferential allotment, QIP or other modes, and proposed increasing authorised share capital from INR 70 crore to INR 80 crore. Borrowing limits were proposed to be doubled from INR 600 crore to INR 1,200 crore. The Board approved slump sale of two units (TN Unit-I and HR Unit-V) to wholly-owned subsidiary Sandhar Ascast Pvt Ltd. Founder Jayant Davar was re-appointed as Executive Chairman & CEO for five years effective January 1, 2026, and three KMPs (two COOs and a Chief of Staff) were designated along with 10 new Senior Management Personnel.
Mixed signals for shareholders — solid revenue growth and the INR 500 crore capital raise signal expansion ambitions, but the equity dilution and doubling of debt limits may pressure existing shareholders in the near term; slump sales to a wholly-owned subsidiary are largely internal restructuring and unlikely to move the needle.