Sandhar Technologies Limited has informed the Exchange regarding Appointment of Vikas Puri, Ankush Passi, Shirin Sachdeva as Key Managerial Personnel 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 PAT of Rs 25.40 crore (up 3% YoY); consolidated revenue grew 19% YoY to Rs 1,090.09 crore, though PAT dipped slightly to Rs 28.01 crore. The board approved raising up to Rs 500 crore via preferential allotment, QIP, or private placement, and proposed doubling the borrowing limit from Rs 600 crore to Rs 1,200 crore. Founder Jayant Davar was re-appointed as Executive Chairman & CEO for a fresh 5-year term from January 1, 2026, subject to shareholder approval. Three executives — Vikas Puri, Ankush Passi, and Shirin Sachdeva — were designated as Key Managerial Personnel with effect from August 7, 2025. The board also approved slump sale of two units (TN Unit-I and HR Unit-V) to its wholly owned subsidiary Sandhar Ascast Private Limited, and fixed September 19, 2025 for the 33rd AGM. A final dividend of Rs 3.50 per share (35%) was recommended earlier and book closure is set for September 13–19, 2025.
The Rs 500 crore capital raise plan and doubling of borrowing limits signal significant expansion or refinancing needs, which may lead to equity dilution depending on the mode chosen. Steady revenue growth and re-appointment of the founder-CEO provide continuity, but the marginally lower consolidated PAT in a strong revenue quarter is worth tracking. Shareholders should watch for the mode of capital raising and the AGM voting outcome.