Sar Auto Products has accepted the resignation of Vijay Narendrabhai Kalariya as an Independent Director, effective August 3, 2026. The Board of Directors approved the change during its meeting held on August 3, 2026, citing personal reasons and pre-occupation as the primary drivers for his exit. The company confirmed that there are no other material reasons for the resignation beyond those stated in the official letter.

The move follows a formal intimation submitted to BSE Ltd under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his resignation letter dated July 25, 2026, Kalariya stated that he would be unable to discharge his duties due to these commitments. He further confirmed that he does not hold any directorship or serve as a chairperson or member of committees in any other listed companies, satisfying the regulatory requirements for independent directors.

Resignation Details

The Board expressed appreciation for Kalariya’s contributions during his tenure. Shreyas R. Virani, Whole Time Director of Sar Auto Products, signed the communication to the exchange, acknowledging the cessation of Kalariya’s role. The company noted that the resignation aligns with the guidelines outlined in the SEBI Master Circular dated January 30, 2026, and other relevant circulars governing director appointments and resignations.

Kalariya’s departure marks a change in the company’s board composition, though no immediate replacement was announced in the filing. The Board will likely address the vacancy in accordance with corporate governance norms and regulatory timelines for maintaining an adequate number of independent directors.

SAR AUTO PRODUCTS LIMITED reported a 59.5% increase in net profit to ₹66.62 lakh for the financial year ended March 31, 2026, driven by higher operational efficiency and reduced finance costs. Revenue from operations for the year rose 2.7% to ₹1,434.95 lakh from ₹1,396.79 lakh in the previous year. The board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹20.49 lakh, compared to a net loss of ₹34.76 lakh in the corresponding period of the previous year. Revenue from operations for the quarter surged to ₹608.16 lakh from ₹230.12 lakh in Q4FY25. Total income for the year stood at ₹1,547.16 lakh, while total expenses were ₹1,473.31 lakh.

Financial Performance

The company’s earnings per share (EPS) for the year improved to ₹1.41 from ₹0.88 in the prior year. The board also noted that the statutory auditors, M/s. J. A. Sheth & Associates, Chartered Accountants, issued an unmodified opinion on the audited financial results.

Operational and Balance Sheet Details

SAR AUTO PRODUCTS LIMITED operates in a single segment focused on the manufacturing of gears, gear boxes, and other transmission components. The company’s total assets as of March 31, 2026, stood at ₹4,487.00 lakh, an increase from ₹3,658.08 lakh in the previous year. Cash and cash equivalents improved to ₹590.50 lakh from ₹469.58 lakh.

The trading window for dealing in the equity shares of the company, which was closed on April 1, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, will reopen 48 hours after the declaration of these financial results. The company submitted copies of the audited standalone financial results published in Free Press Gujarat and LOKMITRA on May 27, 2026, to BSE Limited pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.