Sarthak Metals , a leading player in the cored wire industry, has released its unaudited financial results for the first quarter of the fiscal year 2025-26, along with a significant leadership change announcement.

Financial Performance

For the quarter ended June 30, 2025, Sarthak Metals reported:

The company's revenue from operations saw a year-on-year increase of 13.8% compared to Rs. 4061.36 lakhs in Q1 FY25. The profit for the period decreased by 24.4% compared to Rs. 140.25 lakhs in the same quarter of the previous year.

Leadership Transition

In a significant development, Sarthak Metals announced a change in its top financial leadership:

• Mr. Anirudh Singhal has resigned from his position as Chief Financial Officer (CFO), effective July 31, 2025. Mr. Singhal's decision to step down is attributed to his desire to focus on a personal project.

• The company has appointed Mr. Narendra Dewangan as the new CFO, effective August 1, 2025. Mr. Dewangan brings over 35 years of experience in accountancy, finance, and taxation to the role. He has been associated with the Deshraj Bansal Group for more than 20 years and has been heading the Accounts Division of the company.

Board and Management Comments

The Board of Directors expressed their appreciation for Mr. Singhal's contributions and strategic leadership during his tenure. They acknowledged his role in strengthening the company's financial foundation and building stakeholder confidence.

Mr. Mayur Bhatt, CEO of Sarthak Metals, praised Mr. Singhal's sharp financial intellect, deep industry understanding, and ethical compass. He highlighted Singhal's impact on the organization, including his collaborative spirit and calm leadership that inspired teams and strengthened the organizational culture.

Looking Ahead

As Sarthak Metals navigates this leadership transition, the company remains focused on its core business of cored wires. The appointment of Mr. Narendra Dewangan as CFO is expected to bring continuity and extensive experience to the financial leadership of the company.

Investors and stakeholders will be watching closely to see how this transition impacts the company's financial strategy and performance in the coming quarters.

Sarthak Metals Limited (SML), a key player in the metals industry, has announced a significant change in its top management. Anirudh Singhal, the company's Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has tendered his resignation, set to take effect from July 31, 2025.

Resignation Details

According to the company's filing with the stock exchanges, Singhal will be relieved from his duties at the close of business hours on July 31, 2025. The company has confirmed that there are no material reasons behind Singhal's decision to step down from his position.

Company's Response

In its official statement, Sarthak Metals expressed its gratitude towards Singhal, stating, "The Company places on record its deep sense of appreciation for the services rendered by Mr. Anirudh Singhal and for his contribution during his tenure as the CFO."

Succession Plan

The metal manufacturer has initiated the process of finding a suitable replacement for the CFO position. In its communication to the stock exchanges, SML stated, "The Company is in the process of appointing a suitable candidate for the position of CFO & KMP. The same will be intimated to the stock exchanges in due course, in accordance with applicable regulations."

Regulatory Compliance

This announcement comes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured stakeholders that it will keep them informed about the appointment of a new CFO as soon as the selection process is completed.

As Sarthak Metals navigates this transition in its financial leadership, investors and market watchers will be keenly observing the company's next moves, particularly the selection of its new CFO, which could potentially influence the company's financial strategy and performance in the coming years.