Sandesh has delivered a strong financial turnaround in its third quarter performance, marking a significant shift from losses to profitability across key financial metrics compared to the same period in the previous year.

Financial Performance Overview

The company reported impressive results with a complete reversal of its financial position across both net profit and EBITDA metrics. The most notable achievements include the transition from net loss to substantial profitability and a remarkable EBITDA turnaround, demonstrating the company's significantly improved operational capabilities.

Revenue and Profitability Analysis

While the company experienced a marginal decline in revenue, falling from ₹788 million to ₹767 million year-on-year, both profit and EBITDA transformations tell a compelling story of operational improvement. The revenue decrease of ₹21 million represents a relatively modest decline, yet the company managed to achieve remarkable turnarounds across profitability metrics.

Operational Efficiency and Margin Expansion

The contrast between revenue performance and profitability achievements highlights significant improvements in the company's operational efficiency. The EBITDA margin of 26.73% represents a substantial improvement from the previous year's negative EBITDA position, indicating exceptional cost management and operational optimization.

Sandesh's ability to generate ₹391 million in net profit and ₹205 million in EBITDA while managing revenue challenges demonstrates strong financial discipline and effective business strategy execution during the quarter. The EBITDA turnaround of ₹619 million particularly underscores the company's enhanced operational performance.

Sandesh Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel. The disclosure was made in accordance with regulatory requirements under SEBI listing obligations.

Key Personnel Change Details

Mr. Hardik Patel, holding ICSI Membership Number A55828, submitted his resignation from the position of Company Secretary and Compliance Officer on April 19, 2025. The resignation became effective from May 21, 2025, after the closure of business hours, with personal reasons cited as the primary factor for his departure.

Regulatory Compliance and Formalities

The company has fulfilled all necessary regulatory requirements following Patel's resignation. Under the provisions of the Companies Act, 2013, and Regulation 30(5) of the Listing Regulations, Patel ceased to be a Key Managerial Personnel effective from May 21, 2025. The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Patel confirmed in his resignation letter that there were no material reasons for his departure beyond the personal reasons stated. He expressed gratitude to the Board of Directors and management for their support during his tenure, describing the experience as invaluable to his professional journey.

Documentation and Disclosure Process

The company's disclosure included comprehensive documentation as required under SEBI Circular Number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The formal announcement was filed with BSE Limited, referencing the company's script code 526725. The disclosure followed an earlier intimation dated May 24, 2025, with BSE Limited subsequently instructing the submission of a fresh corporate announcement on January 12, 2026.

In his resignation letter, Patel requested that his departure be noted at the forthcoming Board of Directors meeting and that the company complete all requisite filings with the Registrar of Companies, Stock Exchanges, and other regulatory bodies. He extended best wishes to Sandesh Limited for continued growth and success in future endeavors.

Corporate Governance Impact

The resignation represents a change in the company's compliance structure, as the Company Secretary and Compliance Officer role is crucial for regulatory adherence and corporate governance. The position carries responsibility for ensuring compliance with listing regulations and making required disclosures to stock exchanges regarding material events or transactions. Sandesh Limited has indicated that all formalities related to the resignation have been completed in accordance with applicable regulations.