The board of directors have approved the appointment of Ms Pranjali Duney as Company Secretary and Compliance office w.e.f. 1st June 2025
Awaiting price reaction for this filing.
Sanghi Industries' board, meeting on April 28, 2025, approved several items. Mr. Anil Agrawal will step down as Company Secretary and Compliance Officer (a Key Managerial Personnel role) effective May 31, 2025 to take up another role within the Adani Group, and Ms. Pranjali Dubey will replace him from June 1, 2025. The board also approved audited FY25 results showing revenue of Rs 968.70 crore and a net loss of Rs 461.63 crore, widened from Rs 448.79 crore loss in FY24. SRBC & Co LLP was reappointed as Statutory Auditor and Parikh Dave & Associates as Secretarial Auditor, both for a five-year term subject to shareholder approval. The 38th AGM is set for June 26, 2025, and a merger scheme with holding company Ambuja Cements (swap ratio of 12 Ambuja shares for every 100 Sanghi shares) remains pending SEBI and NCLT approval.
Routine internal KMP transition within the Adani Group is unlikely to materially affect the stock, but the widened annual loss and ongoing merger scheme with Ambuja Cements remain the key shareholder considerations. Shareholders should watch for SEBI clearance and NCLT approval of the amalgamation scheme, which will dictate the stock's longer-term trajectory.