Shanthi Gears Limited has informed the Exchange regarding Change in Director(s) 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 a 14% decline in annual revenue to Rs.518.72 Crores for FY 2025-26, down from Rs.604.62 Crores in the previous year, due to lower order inflow in H1 and customer schedule deferments. Profit Before Tax fell 21% to Rs.102.70 Crores. However, the company achieved its highest-ever quarterly order booking of Rs.178 Crores in Q4 with 89% growth, leaving an order book of Rs.349 Crores. The Board recommended a final dividend of Rs.2 per share, taking the total dividend to Rs.5 per share for the year. Director changes include the retirement of Independent Director Mr. L Ramkumar (completion of term on 6th May 2026) and appointment of Mr. K Ilango as new Independent Director for 5 years. Additionally, Head of Technology Mr. Suresh P L will resign effective 13th June 2026 to pursue opportunities outside the company.
The financial performance reflects a challenging year with revenue and profit declines, though strong order booking signals potential recovery. The board changes maintain governance continuity with a new independent director, while the senior management resignation represents a key personnel departure in the technology function.