Shivalik Bimetal Controls Limited has informed the Exchange about change in Management

The board approved Q1 FY26 unaudited results, with standalone revenue of Rs 11,669.53 lakhs and net profit of Rs 2,097.33 lakhs (EPS Rs 3.64), up from Rs 1,630.45 lakhs in Q1 FY25. On a consolidated basis, revenue was Rs 13,659.68 lakhs and net profit was Rs 2,278.06 lakhs (EPS Rs 3.96). The board approved an additional investment of Euro 25,000 in its wholly owned Italian subsidiary, Shivalik Bimetals Europe SRL, and agreed to seek stock exchange approval for a reclassification request from the Promoter Group. Dr. Srikant Baldi, a former Chief Secretary of Himachal Pradesh, was proposed as a new Non-Executive Independent Director for a 5-year term. Existing directors, cost, internal, and tax auditors were re-appointed, and a new secretarial auditor was appointed for 5 years. The 41st AGM is scheduled for September 16, 2025, and the board also mentioned it is evaluating the appointment of new statutory auditors.