NewsEarningsSibar Auto Parts Limited Announces Q1 Results, AGM Date, and Key Leadership ChangesSibar Auto Parts Limited Announces Q1 Results, AGM Date, and Key Leadership Changes
Sibar Auto Parts Limited reported Q1 FY2026 results with revenue from operations at ₹583.49 lakhs, up 27% year-on-year, but a net loss of ₹14.09 lakhs. The company's 42nd AGM is scheduled for September 27, 2025, via video conferencing. Mr. Pemmasani Madhu Pratap was reappointed as Whole-Time Director. M/s. P S Rao & Associates were appointed as Secretarial Auditor, and M/s. Chunduru & Co replaced M/s. P. Lakshmana Rao & Co as Statutory Auditors.
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Sibar Auto Parts Limited , a prominent player in the automotive components industry, has made several significant announcements following its recent board meeting. The company has approved its unaudited financial results for the first quarter ended June 30, 2025, and scheduled its 42nd Annual General Meeting (AGM) for September 27, 2025.
Financial Performance
For the quarter ended June 30, 2025, Sibar Auto Parts reported:
| Particulars | Q1 FY2026 (₹ in Lakhs) | Q4 FY2025 (₹ in Lakhs) | Q1 FY2025 (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Operations | 583.49 | 585.99 | 459.60 |
| Other Income | 3.39 | 9.31 | 4.52 |
| Total Income | 586.88 | 595.30 | 464.12 |
| Net Profit/(Loss) | (14.09) | (33.73) | (30.26) |
The company's revenue from operations showed a significant year-on-year increase of 27% compared to the same quarter last year. However, Sibar Auto Parts reported a net loss of ₹14.09 lakhs for Q1 FY2026, which is an improvement from the ₹30.26 lakhs loss in Q1 FY2025.
Annual General Meeting
The 42nd AGM is scheduled for September 27, 2025. In line with the ongoing trend of digital meetings, Sibar Auto Parts will conduct the AGM through video conferencing or other audio-visual means, adhering to the guidelines issued by the Ministry of Corporate Affairs.
Leadership Changes and Appointments
The board has approved several key changes in the company's leadership and auditing structure:
Reappointment of Whole-Time Director: Mr. Pemmasani Madhu Pratap has been reappointed as Whole-Time Director for another term of three years. Mr. Pratap is the brother of Mr. Pemmasani Ravichandra, the Managing Director of the company.
New Secretarial Auditor: M/s. P S Rao & Associates, Company Secretaries, have been appointed as the Secretarial Auditor for a period of five years. The firm brings over two decades of experience in secretarial audits, corporate laws, and securities laws.
Change in Statutory Auditors: The board accepted the resignation of M/s. P. Lakshmana Rao & Co as Statutory Auditors, citing personal obligations. M/s. Chunduru & Co, Chartered Accountants, have been appointed as the new Statutory Auditors. The new firm boasts more than two decades of experience in audit, assurance, taxation, and corporate advisory services.
These changes in the company's auditing structure are expected to bring fresh perspectives and expertise to Sibar Auto Parts' financial and regulatory compliance processes.
The management of Sibar Auto Parts continues to navigate through challenging market conditions, as evidenced by the financial results. While the company has managed to increase its revenue compared to the previous year, it still faces profitability challenges. The leadership changes and upcoming AGM may provide opportunities for the company to discuss strategies for improving its financial performance in the coming quarters.
Historical Stock Returns for Sibar Auto Parts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -6.39% | +1.53% | -13.50% | -32.42% | +8.67% |
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