Shree Steel Wire Ropes returned to profitability in the first quarter of FY27, reporting a net profit of ₹2.27 crore for the period ended June 30, 2026. This marks a significant turnaround from the net loss of ₹19.21 lakh recorded in the corresponding quarter of the previous year. Total income from operations rose to ₹24.80 crore, compared to ₹11.43 crore in Q1FY26.

The company’s profit before tax stood at ₹2.34 crore, a sharp improvement from the loss before tax of ₹8.90 lakh in the year-ago period. Earnings per share (EPS) for the quarter were reported at ₹0.69, recovering from a negative EPS of ₹0.58 in Q1FY26. The paid-up equity share capital remained unchanged at ₹33.11 crore.

Financial Performance Summary

The unaudited financial results were reviewed by the audit committee and approved by the board of directors in their meeting held on July 13, 2026. The filing was made with the stock exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Total comprehensive income for the quarter stood at ₹2.29 crore, compared to a negative comprehensive income of ₹1.64 crore in the prior year quarter. The full format of the financial results is available on the BSE website and the company’s official website.

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