Sangam Health Care accepts resignation of Company Secretary T. Abhilash

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Reviewed by
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Key Highlights
  • Sangam Health Care accepts resignation of Company Secretary T. Abhilash
  • Resignation effective from close of business on September 8, 2026
  • Cited reason is pursuit of alternate career opportunity outside organisation
  • Disclosure filed under SEBI LODR Regulation 30(2)
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Sangam Health Care Products Limited announced that its Board of Directors has accepted the resignation of Mr. T. Abhilash as Company Secretary and Compliance Officer. The departure takes effect from the close of business hours on September 8, 2026.

Mr. Abhilash tendered his resignation to pursue an alternate career opportunity outside the organisation. The Board placed on record its appreciation for the services rendered by him during his tenure.

Regulatory Disclosure

The company filed the disclosure pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Particulars Details
Reason for change Resignation to pursue alternate career opportunity
Effective date Closing of business hours on September 8, 2026
Role vacated Company Secretary and Compliance Officer (Key Managerial Personnel)

The Managing Director, D. Bhagat Reddy, signed the communication to the BSE Limited. Mr. Abhilash requested the company to file necessary e-forms with the Registrar of Companies to give effect to the resignation.

Has Sangam Health Care identified an interim or permanent successor to fill the Company Secretary and Compliance Officer role?

Could this leadership change signal broader strategic shifts in the company's corporate governance or compliance framework?

How might the departure of a Key Managerial Personnel impact investor confidence and the company's stock performance in the short term?

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Sangam Health Care Products Ltd reports 88% fall in FY26 net profit

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Reviewed by
Shriram SScanX News Team
Key Highlights

Sangam Health Care Products Ltd's FY26 net profit plunged 88.1% to ₹5.33 lakh as revenue dropped 9.8% to ₹1,123.33 lakh. The firm posted a quarterly loss of ₹27.89 lakh for Q4FY26. Statutory auditors issued an unmodified opinion on the results.

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Sangam Health Care Products Ltd reported an 88.1% decline in net profit to ₹5.33 lakh for the financial year ended March 31, 2026, down from ₹44.96 lakh in the previous year. The company's revenue from operations fell 9.8% to ₹1,123.33 lakh for FY26, compared to ₹1,245.96 lakh in FY25. The decline in profitability was driven by increased employee benefit expenses and other expenses, which rose to ₹228.68 lakh and ₹277.90 lakh respectively.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, M M Reddy & Co., issued an audit report with an unmodified opinion on the standalone annual financial results. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

For the quarter ended March 31, 2026, the company reported a net loss of ₹27.89 lakh, contrasting with a net profit of ₹18.76 lakh in the same quarter of the previous year. Revenue for the quarter stood at ₹265.50 lakh, slightly higher than the ₹258.17 lakh recorded in the corresponding period of the prior year. Total expenses for the quarter increased to ₹314.99 lakh from ₹261.02 lakh.

The balance sheet as of March 31, 2026, shows total assets at ₹1,122.13 lakh, a decrease from ₹1,134.46 lakh in the previous year. The company's equity and liabilities reflected a negative total equity of ₹(1,984.94) lakh, primarily due to accumulated losses in reserves and surplus amounting to ₹(3,471.01) lakh. Non-current liabilities stood at ₹2,356.31 lakh, while current liabilities were ₹750.76 lakh.

Cash flow from operating activities for FY26 was positive at ₹2.57 lakh, a significant recovery from the negative cash flow of ₹(275.97) lakh in the previous year. However, the company reported a net decrease in cash and cash equivalents of ₹(5.57) lakh during the year, bringing the closing balance to ₹15.17 lakh. The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Summary

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs) Change
Revenue from Operations 1,123.33 1,245.96 -9.8%
Total Income 1,125.43 1,248.07 -9.8%
Total Expenses 1,104.72 1,222.61 -9.6%
Net Profit for the Year 5.33 44.96 -88.1%
Earnings Per Share (Basic) 0.04 0.30 -86.7%

What specific strategies will management implement to reverse the trend of rising employee benefit expenses and restore profitability?

Given the negative total equity of ₹(1,984.94) lakh, does the company plan to raise capital or restructure its debt to improve its financial position?

How will the company address the accumulated losses of ₹(3,471.01) lakh in reserves and surplus to ensure long-term sustainability?

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