Sanathnagar Enterprises Limited announced significant organizational changes following its board meeting held on April 17, 2026. The company disclosed these developments in compliance with Regulation 30 of the SEBI Listing Regulations, highlighting key appointments and a managerial resignation.

Statutory Auditor Transition

The board approved the appointment of M/s Walker Chandiock & Co., LLP as the new statutory auditors, replacing the outgoing firm M/s. MSKA & Associates LLP. The transition comes as the current auditors complete their second consecutive term of five years and are due to retire at the forthcoming 79th Annual General Meeting.

M/s Walker Chandiock & Co., LLP is a chartered accountants firm registered with the Institute of Chartered Accountants of India, Public Company Accounting Oversight Board, and empaneled with Comptroller and Auditor General of India. Established in 1935 with registered office in New Delhi, the firm operates eighteen offices across major Indian cities with eighty-six partners. The firm is recognized as one of India's leading audit firms providing audit and assurance services to several large companies including some of the top one hundred listed entities in India.

Management Changes

The board noted the resignation of Mr. Martin Godard from his position as Manager and Key Managerial Personnel. His resignation became effective from closure of business hours on April 17, 2026, citing other professional commitments as the reason for departure.

In his resignation letter, Mr. Godard confirmed no other material reasons existed for his departure beyond those mentioned and expressed appreciation for the cooperation extended by the board and senior management during his tenure.

Secretarial Auditor Appointment

The company appointed M/s Shravan A. Gupta & Associates as secretarial auditor for the financial year 2026-27. The firm is described as a peer-reviewed company secretaries firm providing comprehensive corporate secretarial and corporate services.

The firm brings expertise in diverse areas including corporate governance and serves as chief advisor to boards of directors on best practices in corporate governance.

Board Meeting Details

The board meeting commenced at 3:30 P.M. IST and concluded at 3:45 P.M. IST on April 17, 2026. All decisions were made in accordance with the recommendations of the Audit Committee and compliance requirements under SEBI regulations. The company has uploaded relevant financial results on its website at www.sanathnagar.in and submitted required documentation to the stock exchange including detailed annexures with regulatory disclosures.

Sanathnagar Enterprises Limited has announced the completion of its Board of Directors meeting held on April 17, 2026, where the company approved its audited financial results for the quarter and financial year ended March 31, 2026. The meeting was conducted pursuant to Regulation 30 and 33 of SEBI Listing Regulations, with comprehensive financial statements receiving board approval.

Financial Performance Overview

The company reported a total income of ₹35.51 lakhs for the financial year ended March 31, 2026, compared to ₹46.64 lakhs in the previous year. The entire income was generated from other income sources, as the company recorded no revenue from operations during both periods.

Quarterly Results Analysis

For the quarter ended March 31, 2026, Sanathnagar Enterprises recorded other income of ₹29.04 lakhs with total expenses of ₹7.99 lakhs, resulting in a quarterly profit of ₹21.05 lakhs. The quarterly earnings per share stood at ₹0.67.

Balance Sheet Position

The company's total assets decreased to ₹137.14 lakhs as of March 31, 2026, from ₹227.04 lakhs in the previous year. Cash and cash equivalents improved significantly to ₹12.33 lakhs from ₹1.16 lakhs, while borrowings reduced to ₹1,366.45 lakhs from ₹1,434.42 lakhs.

Audit and Compliance

M/s. MSKA & Associates LLP, Chartered Accountants, the company's statutory auditors, issued an unmodified audit opinion on the financial results. The audit report confirms that the financial statements present a true and fair view in accordance with applicable accounting standards and regulatory requirements under Section 133 of the Companies Act, 2013.

The Board meeting commenced at 3:30 p.m. and concluded at 3:45 p.m. on April 17, 2026. The financial results have been uploaded on the company's website at www.sanathnagar.in and communicated to BSE Limited under the company's scrip code 509423, ensuring full regulatory compliance under SEBI Listing Regulations.