Shree Steel Wire Ropes Limited has appointed Anil Sajnani as its new Managing Director, effective July 14, 2026. The appointment comes pursuant to the provisions of Section 196, 203, and 2(51) of the Companies Act, 2013. Sajnani has confirmed his eligibility for the role, stating he is not disqualified from acting as a director and has not been convicted of any offence.

The leadership change follows the resignation of Ashish Sajnani from the position of Managing Director, also effective July 14, 2026. In his resignation letter, Ashish Sajnani cited personal reasons and preoccupations for stepping down. He requested the Board to file necessary forms with the Registrar of Companies, Mumbai, and inform the stock exchanges.

Simultaneously, Ramnarayan Jaddu Tiwari has resigned from the post of Whole Time Director effective July 13, 2026. Tiwari attributed his decision to ongoing health challenges and advancing age, noting his inability to meet the physical and daily demands of the role. He expressed gratitude to the Board and management for their support during his tenure.

In a separate development, Niranjana Choudhary has resigned as Chief Financial Officer effective July 31, 2026. Choudhary highlighted the financial strength built during her tenure and committed to ensuring a smooth transition and cooperation in the search for her successor.

Key Personnel Changes

Shree Steel Wire Ropes returned to profitability in the quarter ended June 30, 2026, reporting a net profit of ₹22.72 lakh. This marks a significant turnaround from the net loss of ₹19.21 lakh recorded in the same quarter of the previous year. The company’s revenue from operations surged to ₹243.10 lakh, up from ₹109.42 lakh in the quarter ended June 30, 2025, driven by higher operational activity.

Total revenue for the quarter stood at ₹248.00 lakh, while total expenses were reported at ₹224.60 lakh. Profit before tax for the period was ₹23.40 lakh, a sharp improvement compared to the loss before tax of ₹8.90 lakh in the prior year quarter. The company’s paid-up equity share capital remained unchanged at ₹331.15 lakh. Earnings per share (EPS) for the quarter were reported at ₹0.69 on a basic and diluted basis.

Financial Performance Summary

The following table outlines the key financial figures for the quarter and year ended March 31, 2026, compared to the corresponding previous periods:

Board Decisions and Appointments

The Board of Directors approved the un-audited financial results for the quarter ended June 30, 2026, along with the Limited Review Report submitted by the Statutory Auditor. The board approved the re-appointment of Chandak Agarwal & Co, Chartered Accountants, as the Statutory Auditors for a term of three financial years, subject to shareholder approval.

The 34th Annual General Meeting of the company is scheduled for September 18, 2026. The book closure dates for the AGM will be from September 12, 2026, to September 18, 2026. The board appointed Rushabh Doshi, Practising Company Secretary, as the Scrutinizer for conducting the e-voting and voting process at the AGM.

Management Changes

The board approved several key management changes effective July 13 and July 14, 2026. Mr. Anil L. Sajnani was appointed as Managing Director and Key Managerial Personnel due to a change in designation, effective July 14, 2026. Concurrently, the board accepted the resignations of Mr. Ashish L. Sajnani from the post of Managing Director and Mr. Ramnarayan Tiwari as Whole Time Director, effective July 13, 2026. Additionally, the resignation of Mr. Niranjan Choudhary as Chief Financial Officer was accepted, effective July 31, 2026.