Announcement under Regulation 30(LODR)-Change in Management etc.
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Sangal Papers Ltd's board, meeting on August 13, 2025, approved unaudited Q1 FY26 results (quarter ended June 30, 2025). Revenue from operations rose to ₹4,756.88 lakhs from ₹4,260.85 lakhs in Q1 FY25 (~11.6% YoY), and net profit grew to ₹80.37 lakhs from ₹66.64 lakhs (~20.6% YoY), with EPS at ₹6.15 vs ₹5.10. The board recommended re-appointment of Vinayak Sangal and Tanmay Sangal as Non-Executive Directors by rotation – both are sons of current executive directors, keeping the Sangal family in control. Mr. Himanshu Sangal was re-appointed as Managing Director and Mr. Amit Sangal as Executive Director for a 5-year term from April 1, 2026, subject to shareholder approval at the 45th AGM on September 26, 2025. The board also appointed D.K. Gupta & Co. as Secretarial Auditor (5-year term), along with new Cost and Internal Auditors for FY 2025-26.
Healthy double-digit growth in revenue and profit reflects improving operations, which is positive for shareholders. However, the re-appointment of all four Sangal-family directors confirms continued promoter-family control of the board – investors should weigh this concentration when assessing governance.