We are hereby submitting the Outcome of the Board Meeting held today in which Ms. Rinku Saini has been appointed as Non-Executive Independent Director of the Company.
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Awaiting price reaction for this filing.
Sidh Automobiles Ltd's board met on 07 August 2025 and approved several items. Q1 FY26 (quarter ended 30 June 2025) standalone results showed revenue from operations of ₹8.53 lakhs and a profit after tax of ₹1.95 lakhs (EPS ₹0.007), compared to ₹10.16 lakhs revenue and ₹265.19 lakhs profit in the previous quarter (which had included ₹206.38 lakhs of other income). Statutory auditor M/s Sumit Ranka & Associates resigned with effect from 07 August 2025, citing pre-occupation with other assignments, with their term originally running until 31 March 2029. M/s B.M. Gattani & Co has been recommended to fill the casual vacancy, subject to shareholder approval. The board also appointed Ms. Rinku Saini (DIN: 11059678) as a Non-Executive Independent Woman Director, subject to AGM approval. The 40th AGM is scheduled for 01 September 2025.
The mid-term statutory auditor change and weak core operating revenue (down quarter-on-quarter) may concern shareholders, though the auditor cited routine scheduling reasons rather than any dispute. The new independent director adds to board diversity ahead of the AGM.