Swadeshi Industries and Leasing Limited has appointed Rajeev Ranjan Sarkari as an Additional Independent Director, effective August 12, 2026. The appointment was approved by the Board of Directors in a meeting held on the same date, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Sarkari will hold office until the date of the next Annual General Meeting or the last date on which the meeting should be held, whichever is earlier. He brings over 35 years of leadership experience in artificial intelligence, digital governance, cybersecurity, and defence technologies.

Leadership Profile

Sarkari’s professional background includes significant roles in public sector modernization and enterprise transformation. His core expertise spans:

• Artificial intelligence and emerging technologies
• Digital governance (e-governance)
• Cybersecurity and cyber defence
• Defence and aerospace technologies
• Space technologies and satellite systems

He currently serves as Chief Executive Officer at Kristellar Aerospace Pvt. Ltd., leading strategic research in indigenous technologies such as cognitive electronic warfare and advanced radar systems. Previously, he served as Director at AISL (2023–2024) and Chief Executive Officer of e-Governance at Vakrangee Limited (2015–2022).

Earlier in his career, Sarkari led the implementation of the Ministry of Corporate Affairs (MCA21) National e-Governance Project at Tata Consultancy Services (TCS). He also established international operations for Vakrangee e-Solutions in Manila, managing a workforce of more than 7,500 professionals.

Other Board Appointments

The board also appointed Nitinkumar Radheshyam Sharma as Chief Executive Officer and Key Managerial Personnel, effective August 12, 2026. Sharma possesses experience in business development, account management, strategy management, profitability management, budgeting, cost optimisation, go-to-market strategies, retail management, industrial relations, and legal representation.

The company disclosed that Sharma is not related to any directors, key managerial personnel, promoters, or promoter group of Swadeshi Industries. He does not have any peculiar relationship with the company.

Auditor Appointments

Swadeshi Industries also changed its internal and secretarial auditors during the same board meeting.

The company appointed M/s HRJ & Associates as its Internal Auditor. The firm is described as a well-established Chartered Accountancy practice with expertise in audit, accounting, taxation, and related financial services.

Mrs. Dipika Kataria (C.P. 9526) was appointed as Secretarial Auditor. She is a reputed company secretary with more than 16 years of experience conducting secretarial audits for listed entities. Her expertise covers Corporate Laws, SEBI Regulations, and FEMA Regulations, including due diligence audits, IPOs, takeover compliance, and compliance audits for listed and unlisted entities.

Swadeshi Industries and Leasing Ltd reported a 65.7% rise in net profit to ₹170.36 lakh for the financial year ended March 31, 2026, compared to ₹102.85 lakh in the previous year. Revenue from operations surged 328.5% to ₹6,811.90 lakh from ₹1,589.56 lakh in FY25, driven by robust operational performance. The earnings per equity share (basic) for FY26 stood at ₹1.45, compared to ₹0.95 in the previous year, while the paid-up equity share capital increased to ₹2,312.80 lakh as of March 31, 2026, from ₹1,081.80 lakh in the prior year.

The Board of Directors, in its meeting held on May 28, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s G C A S and Associates LLP, issued an audit report with an unmodified opinion on the results. The Board also appointed Mr. Dilip Jagdish Pendse as an Additional Independent Director effective May 28, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹72.94 lakh, a significant increase from ₹39.63 lakh in the same period of the previous year. Revenue from operations for the quarter stood at ₹3,281.93 lakh, up from ₹663.36 lakh in Q4 FY25. Total income for the year reached ₹6,811.90 lakh, while total expenses were reported at ₹6,585.31 lakh.

Key Financial Metrics (Standalone)

Consolidated Results and Acquisition

On a consolidated basis, the company reported a net profit of ₹173.08 lakh for FY26, up from ₹114.10 lakh in the previous year. Total consolidated income rose to ₹6,854.75 lakh from ₹1,801.80 lakh. The auditors highlighted that the company acquired Swadeshi Agrotech Industries Private Limited during the current year under a common control transaction. Consequently, the comparative figures for the previous period do not include the financial information of the acquired entity and are not directly comparable.