Saboo Sodium Chloro , a leading salt manufacturer, has announced several significant corporate actions following a board meeting held on September 5, 2025. The company's board has approved a series of strategic decisions aimed at strengthening its financial position and enhancing corporate governance.

Rights Issue Approval

The board of directors has given the green light to raise funds through a rights issue of equity shares to existing shareholders. The proposed rights issue aims to raise up to Rs 49.00 crores, with the price and entitlement ratio yet to be determined. This move is subject to necessary approvals and compliance with applicable laws, including SEBI regulations.

Appointment of Secretarial Auditor

In a move to enhance corporate governance, the board has appointed M/s Naredi Vinod and Associates as the company's Secretarial Auditor for a five-year term. The appointment, spanning from April 1, 2025, to March 31, 2030, is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Annual General Meeting and Book Closure

Saboo Sodium Chloro has scheduled its 32nd AGM for September 27, 2025, to be held via video conferencing. The company has set the book closure dates from September 20 to 26, 2025, for the purpose of the AGM.

Related Party Transactions

The board has approved a related party transaction with Spectrum Foods Limited, involving the sale and purchase of goods and services, as well as office rent payments. This transaction, which has received Audit Committee approval, will require separate shareholder approval.

Business Unit Transfer

In a strategic move, the board has given its nod to transfer the 'Samskara Resort, Jaipur' business unit to its subsidiary, Samskara Resorts Private Limited. The transfer will be executed on a going concern basis for a lump sum consideration, to be determined based on the book value of the underlying assets and liabilities.

Increase in Managing Director's Remuneration

The board has approved an increase in the remuneration of Managing Director Girdhar Saboo. His monthly compensation will rise from Rs 4.00 lakh to Rs 5.00 lakh, effective October 1, 2025. This increase, which excludes other perquisites and benefits, is subject to shareholder approval and falls within the limits prescribed by the Companies Act, 2013.

These corporate actions reflect Saboo Sodium Chloro's efforts to strengthen its financial position, improve corporate governance, and streamline its business operations. Shareholders and investors will be keenly watching how these decisions impact the company's future growth and performance.

Saboo Sodium Chloro Limited , a leading salt manufacturer, has reported a robust financial performance for the first quarter, marking a significant turnaround from the previous quarter. The company's unaudited financial results, approved by its Board of Directors on August 11, reveal substantial growth in revenue and a return to profitability.

Key Financial Highlights

• Revenue Growth: The company reported a total revenue of ₹1663.06 lakhs, representing a 10.9% year-over-year increase and a 24.4% quarter-over-quarter growth.
• Profitability: Saboo Sodium Chloro returned to profitability with a Profit After Tax (PAT) of ₹86.56 lakhs, compared to a loss of ₹394.00 lakhs in the previous quarter.
• EBITDA Margin: The EBITDA margin improved to 14.3% from 12.6% in the previous quarter, indicating enhanced operational efficiency.
• Earnings Per Share (EPS): The company's EPS improved significantly to ₹0.21 from -₹0.94 in the previous quarter.

Segment-wise Performance

Salt Manufacturing Segment

• Contributed 95.8% of total revenue
• Generated revenue of ₹1592.44 lakhs
• Showed a 10.1% year-over-year increase and a 30.5% quarter-over-quarter growth

Hotel/Resort Segment

• Generated revenue of ₹61.54 lakhs
• Demonstrated a 14.7% year-over-year increase
• Experienced a 42.7% quarter-over-quarter decline

Energy Segment

• Reported a minimal contribution of ₹0.08 lakhs to the total revenue

Financial Position and Audit Review

The company's financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. R.P. Khandelwal & Associates, the company's statutory auditors, conducted a limited review of the unaudited financial results. The auditors found no material misstatements in the financial results, providing assurance on the accuracy of the reported figures.

Management Commentary

Girdhar Saboo, Managing Director of Saboo Sodium Chloro Limited, stated, "We are pleased with our strong performance this quarter. The significant growth in our salt manufacturing segment and the overall improvement in our financial metrics reflect the effectiveness of our strategic initiatives and the resilience of our business model."

Conclusion

Saboo Sodium Chloro Limited's Q1 results demonstrate a robust recovery and positive momentum across key financial indicators. The company's return to profitability, coupled with strong revenue growth, particularly in its core salt manufacturing segment, positions it well for sustained performance in the coming quarters. Investors and stakeholders will likely be watching closely to see if this positive trend continues throughout the fiscal year.