Sandhar Technologies Invests €915,000 in Barcelona Subsidiary Operations

Sandhar Technologies has announced a strategic investment of €915,000 in its Barcelona operations through its wholly owned subsidiary, Sandhar Technologies Barcelona S.L. The company filed an official intimation with stock exchanges on March 20, 2026, detailing the capital infusion via right issue in its overseas subsidiary.

Investment Details

The company has allocated €915,000 specifically for its Barcelona subsidiary operations, representing a focused approach to European market development. This investment is structured as a right issue to strengthen the subsidiary's capital base.

Investment Parameter:	Details
Investment Amount:	€915,000
Investment Method:	Right Issue
Target Entity:	Sandhar Technologies Barcelona S.L.
Location:	Barcelona, Spain
Purpose:	Capital expenditure, new projects, business expansion

Subsidiary Financial Performance

Sandhar Technologies Barcelona S.L. has demonstrated consistent operational performance in the European market. The subsidiary's financial metrics reflect its established presence in the automotive industry.

Financial Metrics:	Amount (INR Lacs)
Turnover (FY 2024-25):	45,255.25
Turnover (FY 2023-24):	48,793.33
Turnover (FY 2022-23):	43,288.94
Net Worth (March 2025):	2,501.68

Strategic Significance

This investment in Barcelona operations reflects Sandhar Technologies' strategic focus on international expansion and market diversification. The European automotive market represents a significant opportunity for the company to leverage its expertise in automotive components and systems. The subsidiary, incorporated on May 18, 2007, has maintained its presence in Spain for nearly two decades.

Regulatory Compliance

The investment has been structured as a related party transaction conducted on an arm's length basis. The company has confirmed that no governmental or regulatory approvals are required for this acquisition. The subsidiary will allot equity shares to the parent company after completing necessary procedures in accordance with Barcelona's applicable laws. Sandhar Technologies Barcelona S.L. will continue to remain a wholly owned subsidiary following this capital infusion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.21%	-0.78%	-8.93%	+1.28%	+20.14%	+118.96%

Sandhar technologies has announced the withdrawal of credit ratings by ICRA Limited for its long-term fund-based facilities totaling Rs. 735.00 crore. The company informed stock exchanges on March 11, 2026, that the withdrawal was made at its own request under Regulation 30 of SEBI listing requirements.

Credit Rating Withdrawal Details

ICRA's Rating Committee has withdrawn ratings for two categories of financial instruments. The withdrawal covers long-term fund-based term loans of Rs. 150.00 crore that carried an [ICRA]AA-(Stable) rating. Additionally, long-term and short-term fund-based working capital facilities worth Rs. 585.00 crore, which held [ICRA]AA-(Stable)/[ICRA]A1+ ratings, have also been withdrawn.

Instrument	Rated Amount (Rs. crore)	Previous Rating	Action
Long-term Fund-based Term loans	150.00	[ICRA]AA-(Stable)	Withdrawn
Long-term/Short term Fund-based working capital facilities	585.00	[ICRA]AA-(Stable)/[ICRA]A1+	Withdrawn
Total	735.00

Company's Position on Ratings

Sandhar Technologies has emphasized that while ICRA ratings have been withdrawn, the company maintains valid credit ratings from India Ratings & Research. The withdrawal was processed in accordance with ICRA's policy on rating withdrawal, as confirmed by ICRA's Vice President and Co-Group Head for Corporate Ratings, Anupama Reddy.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the rating withdrawal. Yashpal Jain, Chief Financial Officer and Company Secretary, signed the regulatory filing that included copies of ICRA's withdrawal letter for exchange records.

ICRA's Communication

ICRA Limited has expressed willingness to participate in rating any future borrowing programs of Sandhar Technologies. The rating agency processed the withdrawal request through its formal Rating Committee procedures, maintaining standard protocols for such corporate actions.