Sarthak Metals Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Sarthak Metals' board, which met on August 13, 2025, approved three things. First, the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), showing revenue from operations of Rs 4,622.44 lakhs, up about 13.8% from Rs 4,061.36 lakhs in the same quarter last year. However, net profit for the quarter fell to Rs 101.05 lakhs from Rs 136.17 lakhs a year ago, and basic EPS dropped to Rs 0.77 from Rs 0.99. Second, the board noted the resignation of CFO Mr. Anirudh Singhal effective July 31, 2025, attributed to his wish to pursue a personal project. Third, Mr. Narendra Dewangan, who has 35+ years of finance experience and has been heading the company's Accounts Division for the past 20+ years under the Deshraj Bansal Group, was appointed as the new CFO effective August 1, 2025.
The CFO transition is an internal promotion, with the long-serving head of accounts taking over, which should ensure continuity and stability for shareholders. Investors may note the revenue growth but declining profit margins and reduced EPS in Q1 FY26, along with a sharp drop in cash and bank balances, suggesting funds were deployed into higher receivables and inventory.