The Board of Directors of the Company at their meeting held today, re-appointed Mr Sandeep Arora as the Managing Director of the Company for further period of three commencing from 1st ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sonal Adhesives reported audited financial results for FY2026 with revenue from operations of Rs. 12,644.41 Lakhs, up 14.6% from Rs. 11,033.26 Lakhs in FY2025. However, net profit declined to Rs. 137.17 Lakhs from Rs. 176.49 Lakhs in the prior year. The board also re-appointed Mr. Sandeep Arora as Managing Director for 3 years from 1st June 2026 at Rs. 3,00,000 per month, subject to shareholder approval at the AGM. The appointment is notable because Mr. Arora is the spouse of Mrs. Mridu Arora, who is also a Director on the board. The statutory auditors issued an unmodified (clean) opinion on the financial results.
Revenue growth is positive but declining profitability despite higher sales could concern investors. The re-appointment of the Managing Director with a disclosed family relationship on the board warrants shareholder scrutiny at the AGM.