We wish to inform you that board of directors of the company at their meeting held today has considered and approved the unaudited financial results of the company for the quarter ended ....
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Shree Steel Wire Ropes reported unaudited results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations jumped to about Rs. 7.09 crore compared with roughly Rs. 2.55 crore in Q1 FY25, marking a strong YoY growth of nearly 180%. Profit after tax turned positive at about Rs. 10.77 lakh, swinging from a loss of around Rs. 21.68 lakh in the same quarter last year. The board accepted the resignation of Managing Director Anil L. Sajnani due to personal reasons and appointed his brother Ashish L. Sajnani as the new Managing Director for a 5-year term. The outgoing MD's wife Kirtee and son Aryan were also appointed to the board, and Niranjan Choudhary joined as the new CFO. Statutory auditor Chandak Agarwal & Co was re-appointed for another 3-year term, and the 33rd AGM is scheduled for August 25, 2025.
Strong revenue rebound and a return to profit are positive signals after a loss-making FY25, but the heavy family-driven leadership transition and limited scale (sub-Rs. 10 crore quarterly revenue) keep this a small-cap story. Shareholders should watch if the revenue momentum sustains beyond Q1.