Shrydus Industries appoints Abdulaziz Luhar as Additional Director

1 min read Updated on 03 Jun 2026, 03:26 PM

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Shriram SScanX News Team

AI Summary

Shrydus Industries Limited has appointed Mr. Abdulaziz Fakirmamad Luhar as an Additional Director (Non-Executive Non-Independent) effective June 3, 2026, pending shareholder approval. Luhar, a graduate from Mumbai University, brings over 12 years of project management experience to the Board. The appointment was approved during a Board meeting held on June 3, 2026, and complies with SEBI regulations.

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Shrydus Industries has appointed Mr. Abdulaziz Fakirmamad Luhar as an Additional Director (Non-Executive Non-Independent) on its Board, effective June 3, 2026. The appointment was approved during a Board meeting held on the same day and is subject to the approval of the shareholders. This strategic move aims to strengthen the company's governance structure with the addition of a director possessing significant operational experience.

The Board meeting commenced at 02.00 PM and concluded at 03.00 PM on June 3, 2026. The decision was taken in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited regarding this development, providing necessary details about the new appointee as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Mr. Abdulaziz Fakirmamad Luhar holds a Director Identification Number (DIN) 11746001. He is a graduate from Mumbai University and possesses over 12 years of experience in the field of project management. The company disclosed that he is not related to any other Director on the Board of Directors. Furthermore, he is not debarred from holding the office of Director by any SEBI order or any other authority, as per the disclosures required under BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018.

The appointment details were formally communicated to the stock exchange by Shrey Premal Parekh, Managing Director of Shrydus Industries Limited. The notification included an annexure outlining the specific particulars of the appointment, ensuring transparency for the shareholders and regulatory bodies.

Key Details of Appointment

Sr. No.	Particulars	Remarks
1	Name	Mr. Abdulaziz Fakirmamad Luhar
2	Designation	Additional Director (Non-Executive, Non-Independent)
3	Reason for change	Appointment
4	Date of Appointment	June 3, 2026
5	Brief Profile	Graduate from Mumbai University; over 12 years of experience in project management
6	Disclosure of relationships	Not related to any other Director on the Board
7	Regulatory Status	Not debarred from holding the office of Director by SEBI or other authorities
8	Shareholding in the Company	Nil

Historical Stock Returns for Shrydus Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.90%	+2.55%	-1.23%	-28.60%	-37.35%	+116.11%

How will Mr. Luhar's project management expertise influence Shrydus Industries' operational strategy over the next fiscal year?

What specific governance enhancements does the Board anticipate following the addition of this new Non-Executive Non-Independent Director?

Is this appointment a precursor to a broader board restructuring or expansion planned by the company?

Standalone Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹1.81 lakh. This marks a reversal from the net profit of ₹6.14 lakh recorded in the quarter ended December 31, 2025. Revenue from operations was ₹0.39 lakh for the quarter. Total expenses for the quarter were ₹2.20 lakh.

For the full year ended March 31, 2026, the standalone net loss was ₹5.20 lakh, a sharp decline from the net profit of ₹73.41 lakh in the previous year. Revenue from operations for the year dropped significantly to ₹21.21 lakh from ₹451.25 lakh in the prior year. Total expenses decreased to ₹26.41 lakh from ₹377.51 lakh in the previous year.

Standalone Financial Highlights (₹ in Lakhs)

Particulars	Quarter Ended Mar-26	Year Ended Mar-26	Year Ended Mar-25
Total Income from operations	0.39	21.21	451.25
Total Expenses	2.20	26.41	377.51
Net Profit/(Loss)	(1.81)	(5.20)	73.41

Consolidated Financial Performance

On a consolidated basis, the company reported a net loss of ₹1.81 lakh for the quarter ended March 31, 2026. For the year ended March 31, 2026, the consolidated net loss was ₹5.20 lakh, compared to a net profit of ₹826.50 lakh in the previous year. Total revenue for the year stood at ₹21.21 lakh, down from ₹3,980.66 lakh in the prior year.

Consolidated Financial Highlights (₹ in Lakhs)

Particulars	Quarter Ended Mar-26	Year Ended Mar-26	Year Ended Mar-25
Total Income from operations	0.39	21.21	3,980.66
Total Expenses	2.20	26.41	3,153.82
Net Profit/(Loss)	(1.81)	(5.20)	826.50

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹4,270.56 lakh on a standalone basis, slightly decreasing from ₹4,275.62 lakh in the previous year. Cash and cash equivalents increased to ₹11.55 lakh from ₹0.95 lakh. Equity share capital remained unchanged at ₹3,202.26 lakh.

The cash flow statement for the year ended March 31, 2026, showed a net increase in cash and cash equivalents of ₹10.60 lakh. Cash generated from operating activities was ₹10.90 lakh, while financing activities resulted in a net outflow of ₹0.30 lakh.

Historical Stock Returns for Shrydus Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.90%	+2.55%	-1.23%	-28.60%	-37.35%	+116.11%

What strategic initiatives is Shrydus Industries planning to reverse the ~95% revenue decline and return to profitability in FY2027?

Given the dramatic drop in consolidated revenue from ₹3,980.66 lakh to ₹21.21 lakh, which subsidiary operations were wound down or divested, and what is the outlook for rebuilding that revenue base?

With total assets of ₹4,270.56 lakh but only ₹21.21 lakh in annual revenue, how does the management plan to optimize asset utilization and avoid potential impairment risks?