Shanthi Gears Limited has informed the Exchange about 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 Limited reported audited FY26 results with revenue of Rs. 518.72 Crores, down 14% YoY from Rs. 604.62 Crores due to lower order inflow in H1 and customer schedule deferments. Profit before tax stood at Rs. 102.70 Crores (down 21% YoY). Despite revenue decline, the company achieved its highest-ever quarterly order booking of Rs. 178 Crores in Q4 with an unexecuted order book of Rs. 349 Crores. The Board recommended a final dividend of Rs. 2 per share, taking total FY26 dividend to Rs. 5 per share. Mr. L Ramkumar completed his tenure as Independent Director on May 6, 2026, and Mr. K Ilango was appointed as new Independent Director. Mr. Suresh P L will resign as Head - Technology effective June 13, 2026 to pursue opportunities outside the company.
Revenue and profit decline may create short-term negative sentiment, but strong order bookings and cash generation (FCF of Rs. 29.83 Crores, ROIC of 39%) indicate operational resilience. The technology head's departure and board-level changes represent management transitions that investors should monitor for execution continuity.