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Sibar Auto Parts Ltd has submitted its 42nd Annual Report along with the AGM notice, filed with BSE on 02.09.2025. The 42nd AGM is scheduled for 27th September 2025 at 2:30 PM through video conferencing. Key agenda items include adoption of FY 2024-25 financials, reappointment of director Mrs. Pemmasani Sugunamma (retiring by rotation), appointment of M/s. Chunduru & Co as new statutory auditors (replacing M/s. P. Lakshmana Rao & Co which resigned on 13.08.2025) for a five-year term at Rs. 2 lakh per annum, reappointment of Shri. Pemmasani Madhu Pratap as Whole-Time Director for three years at Rs. 33 lakh per annum plus 3% commission on net profits, and appointment of M/s. P.S Rao & Associates as Secretarial Auditors for five years. The company is into gravity/low pressure/centrifugal die casting and electroplating, mainly producing cylinder heads and blocks for motor vehicles.
Revenue grew to Rs. 22.12 crore (from Rs. 19.88 crore) and losses narrowed sharply to Rs. 67.92 lakh (from Rs. 1.39 crore), showing signs of recovery though the company remains in the red. Auditor change and director reappointments are routine governance matters, but shareholders should note the reappointment of the Whole-Time Director with commission-linked pay and the change in statutory auditor mid-cycle.