Saffron Industries Ltd has appointed Mr. Sanyam Sunil Jain as its Company Secretary and Compliance Officer effective June 27, 2026. The decision, taken during a board meeting held on the same day, designates Mr. Jain as Key Managerial Personnel to strengthen the company's governance framework.

The appointment follows the recommendation of the Nomination and Remuneration Committee. The board meeting, which commenced at 02:00 P.M. and concluded at 02:30 P.M., approved the appointment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Sanyam Sunil Jain is a qualified Company Secretary and an associate member of The Institute of Company Secretaries of India (ICSI). He brings expertise in secretarial, legal, and finance domains, having worked on various assignments related to compliance and corporate secretarial functions under the Companies Act and SEBI Regulations.

The disclosure was submitted to the Corporate Relation Department of BSE Limited. The appointment is effective from June 27, 2026, on terms and conditions and remuneration as determined by the board.

Key Details of Appointment

Saffron Industries Limited reported a net profit of ₹15.74 crore for the financial year ended March 31, 2026. The company’s Board of Directors approved the audited standalone financial results for the quarter and year ended on March 31, 2026, at a meeting held on May 30, 2026. The meeting was conducted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors, M/s. Jagdish Khatri & Associates, issued an audit report with an unmodified opinion on the standalone financial results. The Board also re-appointed Mr. Gopal M. Choudhary as the Internal Auditor of the company for the financial year 2026-27, as recommended by the Audit Committee.

Financial Performance

The company recorded a total income of ₹63.53 crore for FY26, compared to ₹35.44 crore in the previous year. Revenue from operations stood at ₹68.64 crore, while total expenses for the year were ₹54.03 crore. The earnings per equity share for the year increased to ₹2.19 from ₹3.91 in the previous year.

Operational Details

The financial statements indicate that the company has ceased its manufacturing business of newsprint and paper, focusing instead on real estate development. The company has obtained necessary permissions from the Maharashtra Real Estate Regulatory Authority (RERA) for its residential project. Inventories primarily comprise work-in-progress for land development projects, valued at cost. The company has also shared revenue from the sale of plots amounting to ₹54.03 crore with Navabharat Infraventures Pvt Ltd, a subsidiary under the same management.