Sinnar Bidi Udyog Limited has appointed Sachin Jagdish Laddha as an additional non-executive independent director, effective August 14, 2026. The Board of Directors approved the appointment during its meeting held on the same date, acting on the recommendation of the Nomination and Remuneration Committee.

The appointment is subject to shareholder approval at the company’s ensuing Annual General Meeting. Until then, Mr. Laddha will hold office as an additional director. The Board proposes his formal appointment for a term of five consecutive years, commencing from the date of appointment, pending ratification by shareholders.

Director Profile and Compliance

Mr. Sachin Jagdish Laddha (DIN: 11879047) brings over 23 years of corporate experience to the Board. He holds a Diploma in Mechanical Engineering and is an AMFI-registered Mutual Fund Distributor.

The disclosure was made pursuant to Regulation 30 read with Schedule III - Para A(7) of Part A of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that Mr. Laddha is not debarred from holding the office of director by virtue of any SEBI order or other authority.

Sinnar Bidi Udyog Limited reported a standalone net loss of ₹4.53 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a sharp reversal from the ₹7.32 lakh net profit recorded in the corresponding period of FY26. The company’s revenue from operations saw modest growth, rising 2.6% year-on-year to ₹122.62 lakh from ₹118.48 lakh in Q1FY26. However, this top-line growth was offset by a disproportionate increase in total expenses, which climbed 11.1% to ₹132.31 lakh, pushing the company into a loss position for the quarter.

Financial Performance Overview

The company’s consolidated financial results mirrored the standalone figures, with identical revenue and expense patterns reported for the group. The Board of Directors approved the unaudited financial results during its meeting held on August 14, 2026. The results were reviewed by M/S Daga & Chaturmutha, the chartered accountants appointed for the limited review engagement.

Expense Breakdown

The primary driver behind the widened loss was a significant increase in the cost of goods sold components. Changes in inventories of finished goods, stock-in-trade, and work-in-progress jumped to ₹94.17 lakh in Q1FY27, up sharply from ₹68.69 lakh in the same quarter last year. This indicates a substantial build-up in inventory levels or valuation adjustments during the period.

Employee benefits expense remained stable at ₹25.35 lakh, virtually unchanged from ₹25.38 lakh in Q1FY26. However, other expenses declined significantly to ₹13.43 lakh from ₹20.32 lakh, providing some cost relief. Notably, the company recorded an exchange rate gain of ₹0.19 lakh, compared to a gain of ₹0.13 lakh in the prior year, relating to the restatement of outstanding escrow fund liabilities.

What the Numbers Show

A critical observation from the filing is the divergence between operational efficiency and inventory management. While other operating expenses contracted by over 33%, the company’s ability to convert production into sales appears constrained, as evidenced by the 37% surge in inventory-related costs. With revenue growing only marginally at 2.6%, the disproportionate rise in inventory expenses suggests potential challenges in demand realization or supply chain timing. Furthermore, other income fell 37% to ₹4.97 lakh, removing a supplementary buffer that had contributed to profitability in the previous year.

Corporate Governance Updates

Alongside the financial results, the Board noted several governance changes:

• Resignation: Mr. Kalpit Mehta resigned as an Independent Director effective August 10, 2026.
• Appointment: Mr. Sachin Jagdish Laddha was appointed as an Additional Director (Independent & Non-Executive) until the ensuing Annual General Meeting, subject to shareholder approval for a five-year term starting August 14, 2026.
• Secretarial Audit: The Board also approved the Secretarial Auditor’s Report for the financial year 2025-26.