We wish to inform you that the Board of Directors of the Company, at their meeting held today, i,e. July 14, 2025 has inter alia considered and approved the following: The Un-Audited ....
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Shree Steel Wire Ropes Ltd's Board met on July 14, 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations surged to ₹709.42 lakhs, up sharply from ₹254.65 lakhs in Q1 FY25, while the company swung to a profit after tax of ₹91 lakhs compared to a loss of ₹8.60 lakhs a year ago. Basic EPS improved to ₹2.31 from a negative ₹0.58. The Board also accepted the resignation of Managing Director Anil L. Sajnani (personal reasons, effective July 14, 2025) and appointed his brother Ashish L. Sajnani as the new Managing Director for a 5-year term. Additionally, Anil's wife Kirtee and son Aryan were appointed as Directors, and Niranjan Choudhary was named as the new CFO. The 33rd AGM was fixed for August 25, 2025, and statutory auditors Chandak Agarwal & Co were re-appointed for another 3 years.
Strong operational turnaround with revenue nearly tripling and a return to profitability signals a positive quarter for shareholders. The leadership transition appears to be a planned family succession with multiple Sajnani family members taking key roles, which may raise corporate governance concerns for minority investors.