Enclosed herewith BM Outcome dated 13.08.2025 along with Fiancial Results for quarter ended 30.06.2025 with LRR
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Sanmit Infra's board met on August 13, 2025 and approved unaudited standalone results for Q1 FY26 (quarter ended June 30, 2025), showing strong growth with total income of Rs. 4,029.72 lakhs (up from Rs. 2,311.39 lakhs in Q1 FY25) and net profit of Rs. 94.21 lakhs (vs Rs. 5.19 lakhs in Q1 FY25). The board accepted the resignation of Mr. Mukund Shivaram Biwalkar as Non-Executive Independent Director citing 'other professional commitments' and appointed Mr. Ashok Madhavrao Thorat as a new Non-Executive Independent Director for a 5-year term. The board also approved a Material Related Party Transaction with Haresh Agencies up to Rs. 50 crores, revised remuneration for MD/WTDs exceeding 10% of net profit (subject to shareholder approval), the Cost Audit Report for FY25, and the 25th AGM notice scheduled for September 25, 2025 via video conferencing.
The Q1 results show a substantial year-on-year jump in both revenue (~74%) and profit, which is positive for shareholders. The related-party transaction of up to Rs. 50 crores and enhanced MD/WTD remuneration will require shareholder approval at the upcoming AGM and warrant close scrutiny for fairness and governance.