NewsEarningsSuyog Gurbaxani Funicular Ropeways Reports Strong H1 FY2026 Results and Board ChangesSuyog Gurbaxani Funicular Ropeways Reports Strong H1 FY2026 Results and Board Changes
Suyog Gurbaxani Funicular Ropeways Limited (SGFRL) announced unaudited financial results for H1 FY2025-26. Revenue from operations reached ₹27.19 crore, with a net profit of ₹5.58 crore. Cash and cash equivalents significantly increased to ₹74.14 crore from ₹0.16 crore previously. Long-term borrowings rose to ₹161.61 crore. The company also reported board-level changes, including the resignation of Mr. Ramlal Sarote as Independent Director and reconstitution of Audit and Nomination and Remuneration Committees. Shri Nandan Kumar Basu was appointed as Chairman of the Audit Committee and member of the Nomination and Remuneration Committee.
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Suyog Gurbaxani Funicular Ropeways Limited (SGFRL) has announced its unaudited financial results for the half year ended September 30, 2025, showcasing robust performance and significant board-level changes.
Financial Highlights
The company reported impressive financial results for the first half of the fiscal year 2025-26:
| Metric | Amount (in crore) |
|---|---|
| Revenue from Operations | ₹27.19 |
| Net Profit | ₹5.58 |
| Cash and Cash Equivalents | ₹74.14 |
| Long-term Borrowings | ₹161.61 |
SGFRL's cash position has seen a remarkable improvement, with cash and cash equivalents rising to ₹74.14 crore from ₹0.16 crore in the previous period. This substantial increase in liquidity may provide the company with greater financial flexibility for future operations and investments.
The company's long-term borrowings have also increased to ₹161.61 crore from ₹79.93 crore in the previous period.
Board and Committee Changes
The Board of Directors meeting, held on November 12, 2025, brought about several important changes:
Resignation: Mr. Ramlal Sarote has stepped down from his position as Independent Director.
Committee Reconstitutions:
a) Audit Committee:
Name Category Designation Nandan Kumar Basu Independent Director Chairman Rajkumar Dwarkadas Gurbaxani Whole-Time Director Member Manisha Shelar Non-Executive and Independent Director Member b) Nomination and Remuneration Committee:
Name Category Designation Hrishikesh Deodatta Marathe Director Chairman Shivshankar Gurushantappa Lature Director Member Nandan Kumar Basu Non-Executive and Independent Director Member Manisha Shelar Non-Executive and Independent Director Member
Notably, Shri Nandan Kumar Basu has been appointed as a Member and Chairman of the Audit Committee and as a Member of the Nomination and Remuneration Committee, effective November 12, 2025.
These changes in the board composition and committee structures may bring fresh perspectives and expertise to SGFRL's corporate governance.
Historical Stock Returns for Suyog Gurbaxani Funicular Ropeways
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.97% | -11.72% | +7.08% | -11.72% | -54.61% | +156.43% |
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