Sandhar Technologies has informed the stock exchanges regarding the completion of the tenure of its Independent Director, Shri Arjun Sharma. The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri Arjun Sharma (DIN: 00003306) has completed his second and final term as an Independent Director. He ceased to hold the office of Director of the company with effect from the close of business hours on May 23, 2026.

Committee Memberships Cease

Following the completion of his term, Sharma's membership and chairmanship in various committees of the Board have also ceased to exist. The details of the cessation were provided in the regulatory filing.

The Board of Directors acknowledged the guidance and stewardship provided by Sharma during his tenure, noting that his contributions significantly aided the company's success and growth.

Details of Cessation

The company provided specific details regarding the event in an annexure to the filing.

Sandhar Technologies reported its audited financial results for the quarter and year ended March 31, 2026. The company delivered a robust performance for the full fiscal year, with consolidated net profit rising to ₹1,986.66 crore compared to ₹1,416.42 crore in the previous year. Consolidated revenue from operations for FY26 stood at ₹4,852.09 crore, representing 25% growth year-on-year, comfortably exceeding the company's stated guidance of 20%. On the standalone basis, the company reported net profit after tax of ₹1,791.14 crore for FY26, up from ₹1,396.27 crore in the previous year, with standalone revenue from operations at ₹3,044.44 crore versus ₹2,913.04 crore previously.

Q4 FY26 Performance

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹638.24 crore, a significant increase from ₹426.12 crore in the same quarter of the previous year. Consolidated revenue for Q4 FY26 reached ₹1,306.99 crore, up from ₹1,014.08 crore in Q4 FY25. On a standalone basis, Q4 FY26 net profit after tax stood at ₹463.68 crore, compared to ₹430.08 crore in Q4 FY25, with standalone revenue from operations at ₹774.25 crore versus ₹758.62 crore in the year-ago quarter.

FY26 Annual Results and Guidance

The full-year results underscore strong top-line growth, with the EBITDA margin for the year improving to 10.57% compared to 10.29% in the previous year. The company successfully surpassed its annual revenue growth guidance. Consolidated earnings per share (basic and diluted) for FY26 stood at ₹33.00, compared to ₹23.53 in FY25. On a standalone basis, basic and diluted EPS for FY26 were ₹29.76, versus ₹23.20 in the prior year.

Segment Performance

On a consolidated basis, the India segment contributed revenue of ₹4,383.84 crore for FY26, compared to ₹3,431.95 crore in FY25, while the Overseas segment contributed ₹468.25 crore versus ₹452.55 crore in the prior year. Segment results (profit before tax, exceptional items, and interest) for the India segment stood at ₹2,819.30 crore for FY26, compared to ₹2,056.80 crore in FY25, while the Overseas segment reported a loss of ₹26.19 crore versus a loss of ₹21.09 crore previously.

Notable Items and Restructuring

During FY26, the company transferred certain business units to its wholly owned subsidiaries, Sandhar Engineering Private Limited and Sandhar Ascast Private Limited, as part of an internal restructuring on a going concern/slump sale basis for a total consideration of ₹292.68 crore. This resulted in a gain of ₹191.20 crore recognised under other income in the standalone statement of profit and loss. Additionally, the company completed the sale of assets of its Peenya plant during the year, which had been classified as a non-current asset held for sale. The assets, with a carrying amount of ₹269.93 crore at the time of classification, were sold for total proceeds of ₹610.00 crore, resulting in a gain on disposal of ₹340.07 crore recognised under other income. The Government of India notified the provisions of four new Labour Codes on November 21, 2025, consolidating twenty-nine existing labour laws. In accordance with Ind AS 19, the Group recognised a one-time expense of ₹27.84 crore towards increase in gratuity and compensated absences liabilities.

Dividend and Strategic Updates

The Board of Directors has recommended a final dividend of ₹4 per equity share, or 40% of the face value, for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing 34th Annual General Meeting. The Board also approved the re-appointment of M/s GSA & Associates LLP as Internal Auditors for FY27. Additionally, the Board discussed growing opportunities in vehicle telematics, wheel speed sensors, instrument clusters, and electronics, and decided to explore various options including technological collaboration, joint ventures, or other feasible modes, with the process of identifying a suitable partner currently under discussion.