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Sanmit Infra's board approved three key items on November 13, 2025. First, the company approved its Q2 FY26 (quarter ended September 30, 2025) and H1 FY26 results, posting a net profit of Rs 94.21 lakh in Q2 FY26 against a loss of Rs 116.66 lakh in Q1 FY26, though the six-month period still remained in the red with a net loss of Rs 22.45 lakh versus a loss of Rs 36.54 lakh in H1 FY25. Six-month revenue from operations was largely flat at Rs 64.25 crore vs Rs 64.25 crore last year. Second, CFO Dinesh Kanayalal Makhija resigned citing other professional engagements, and was immediately replaced by Kamal Kanayalal Makhija (his brother and Sanjay Makhija's brother), a Whole Time Director with 25+ years experience in banking and finance. Third, Shlok Sanjay Makhija, son of Managing Director Sanjay Makhija, was appointed as CEO with effect from the same date.
Key leadership changes are entirely within the promoter Makhija family (brother as CFO, son as CEO), which may raise corporate governance concerns for minority shareholders despite continuity. On the financials, the swing back to profit in Q2 is encouraging, but H1 FY26 still in the red and stagnant topline suggest the turnaround is fragile and dependent on the bitumen and microsurfacing segments.