Sundaram Brake Linings Limited has informed the Exchange regarding Appointment of Mr Rahul Rakesh Agraval as Non Executive Independent Director of the company w.e.f. August 04, 2025.
SUNDRMBRAK · price
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Sundaram Brake Linings' board met on August 4, 2025 and approved three key items. First, unaudited standalone results for Q1 FY26 (quarter ended June 30, 2025), where revenue from operations rose to ₹920.88 lakhs from ₹837.72 lakhs in Q1 FY25 (about 10% year-on-year growth). However, the company swung to a loss of ₹53.23 lakhs compared to a profit of ₹149.18 lakhs in the same quarter last year. Second, Mr. Rahul Rakesh Agrawal, currently MD of Styrenix Performance Materials, was appointed as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Third, Ms. Sandhya Subramanyam will retire as Independent Director at the close of August 5, 2025 after completing her second term. The statutory auditor issued an unqualified limited review report.
Q1 results are a mixed bag — top-line growth is healthy but margins have compressed enough to push the company into a small loss versus a profit a year ago, which is the key point for shareholders. The director changes are routine board refreshment and unlikely to move the stock on their own.