Company Overview
Sandhar Technologies Limited (BSE: 541163; NSE: SANDHAR) has announced comprehensive financial and operational results for FY 2025-26, culminating in its 34th Annual General Meeting scheduled for 22nd September 2026.
Financial Performance Highlights
Sandhar reported strong financial results with consolidated revenue growing 24.91% to ₹4,852.09 crores and profit after tax increasing 40.25% to ₹198.66 crores. Standalone performance showed revenue of ₹3,044.44 crores (4.51% growth) and PAT of ₹179.11 crores (28.27% growth). The board recommended a final dividend of ₹4.00 per share (40%), representing the highest-ever dividend payout with a 13.44% payout ratio and total cash outflow of ₹24.08 crores.
AGM Agenda and Corporate Actions
The 34th AGM will address several key items including adoption of financial statements, dividend declaration, re-appointment of Monica Davar as Non-Executive Director, appointment of Gazal Kalra as Independent Director, ratification of cost auditor remuneration (₹10 lakh plus taxes), and enhancement of loans/investments limit to ₹2,000 crores under Section 186 of Companies Act. The record date for dividend eligibility is set for 11th September 2026.
Business Restructuring and Acquisitions
The company executed significant business transfers through slump sales of seven manufacturing units to related entities Sandhar Engineering Private Limited (₹6,525 lacs, gain of ₹723 lacs) and Sandhar Ascast Private Limited (₹22,743 lacs, gain of ₹1,189 lacs). Additionally, Sandhar completed the acquisition of Sundaram Clayton's aluminium die casting business for ₹16,300 lacs, recognizing ₹7,160.65 lacs in goodwill, enhancing its manufacturing capabilities.
ESG and Sustainability Performance
Sandhar demonstrated strong ESG commitment with 100% policy coverage across all 9 NGRBC principles and a carbon neutrality goal by 2050. Key achievements include 15% increase in renewable energy consumption, ZLD systems at major units, and 100% insurance coverage for employees. The company reduced energy intensity from 0.000009 to 0.000007 per rupee of turnover and maintained zero corruption cases or conflict of interest complaints.
Auditor Reports and Compliance
Auditors B S R & Co. LLP issued unqualified opinions on both standalone and consolidated financial statements, identifying revenue recognition and impairment assessment as key audit matters. Some CARO report qualifications were noted for subsidiaries regarding inventory physical verification and fixed asset records. The company maintained compliance with SEBI regulations, environmental laws, and disclosed several ongoing tax disputes totaling ₹1,207.98 lakhs under appeal.
Capital Structure and Shareholding
The company's paid-up equity share capital stands at ₹60.19 crores (601.91 lakh shares), with promoter Jayant Davar holding 50.56%. All shares are held in dematerialized form, and the company has maintained strong financial ratios with return on capital employed improving to 17.59% from 15.02%.
Forward Outlook and Strategic Initiatives
Sandhar continues to focus on emerging opportunities in automotive and mobility space, including EV components, digital transformation, and sustainable mobility solutions. The enhancement of financial limits to ₹2,000 crores provides flexibility for future investments and growth initiatives in line with the company's strategic objectives.