Resignation of Head Technology of the Company
SHANTIGEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shanthi Gears Ltd held its Board meeting on 5th May 2026 and announced multiple outcomes. The company reported FY26 revenue of ₹518.72 Crores (down 14% from ₹604.62 Crores) and PBT of ₹102.70 Crores (down 21% from ₹130.09 Crores), citing lower order inflow in H1 and customer schedule deferments. However, Q4 saw highest-ever order booking of ₹178 Crores with 89% growth, and order book stands at ₹349 Crores. The Board recommended final dividend of ₹2 per share, making total dividend ₹5 per share for FY26. Mr. L Ramkumar completed his tenure as Independent Director on 6th May 2026, succeeded by Mr. K Ilango appointed as Additional Independent Director for 5 years. Mr. Suresh P L will resign as Head - Technology effective 13th June 2026 to pursue opportunities outside the company.
The resignation of the Head of Technology is a key management change that could impact technical operations, though with a month-long notice period the transition may be managed. The stock may see minor negative reaction to the KMP departure, offset by positive Q4 order booking momentum and shareholder-friendly dividend policy.