Sundaram Brake Linings Limited has informed the Exchange regarding Cessation of Mrs Sandhya Subramanyam as Non Executive Non Independent Director of the company w.e.f. August 05, 2025.
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Sundaram Brake Linings' board met on August 4, 2025 and approved three key items. First, Q1 FY26 (quarter ended June 30, 2025) unaudited results: total revenue rose about 10% to ₹92.54 crore from ₹84.14 crore year-on-year, but the company slipped into a net loss of ₹53.23 lakhs versus a profit of ₹149.18 lakhs in the same quarter last year, with profit before tax falling sharply to ₹49.23 lakhs from ₹181.88 lakhs. Second, Mr. Rahul Rakesh Agrawal, currently MD of Styrenix Performance Materials, was appointed as an Additional Non-Executive Independent Director for a five-year term from August 4, 2025, subject to shareholder approval. Third, Ms. Sandhya Subramanyam retired as Non-Executive Independent Director at the close of August 5, 2025 on completing her second term. Statutory auditors Brahmayya & Co. issued an unqualified limited review report.
The revenue growth is positive, but the swing from profit to loss in Q1 — driven by a roughly 8% rise in total expenses to ₹93.03 crore — is a concern for near-term margin and profitability sentiment. Board changes are routine (one retirement after completing two terms, one new independent director from an unrelated background) and unlikely to materially affect the stock in the short term.