Suyog Gurbaxani Funicular Ropeways Limited (SGFRL) has reported robust financial results for the half year ended September 30, 2025, along with significant changes to its board composition. The company's performance and governance updates were disclosed in a recent filing to the BSE.

Financial Performance

SGFRL has shown impressive financial growth for the half-year period:

The company's cash position has seen a remarkable improvement, with cash and cash equivalents rising to Rs 74.14 crore from Rs 0.16 crore in the previous comparable period.

Board and Committee Changes

The company announced several changes to its board and committee structures:

1. Resignation: Mr. Ramlal Sarote has stepped down from his position as an Independent Director.

2. Audit Committee Reconstitution:

   • Shri Nandan Kumar Basu has been appointed as the new Chairman of the Audit Committee.
   • The reconstituted Audit Committee now comprises:
     • Nandan Kumar Basu (Chairman, Independent Director)
     • Mr. Rajkumar Dwarkadas Gurbaxani (Member, Whole-Time Director)
     • Mrs. Manisha Shelar (Member, Non-Executive and Independent Director)

3. Nomination and Remuneration Committee Update:

   • Shri Nandan Kumar Basu has been appointed as a member of this committee.
   • The updated Nomination and Remuneration Committee includes:
     • Hrishikesh Deodatta Marathe (Chairman, Director)
     • Shivshankar Gurushantappa Lature (Member, Director)
     • Nandan Kumar Basu (Member, Non-Executive and Independent Director)
     • Manisha Shelar (Member, Non-Executive and Independent Director)

These changes were effective from November 12, 2025, as per the company's filing.

Financial Review

The unaudited financial results for the half-year ended September 30, 2025, were reviewed by Aniket Kulkarni & Associates, Chartered Accountants. The review was conducted in accordance with the Standard on Review Engagement (SRE) 2410 and found no material misstatements in the financial information provided by the company.

SGFRL's strong financial performance, coupled with its proactive approach to corporate governance, suggests the company is positioning itself for continued growth and transparency in its operations. The significant increase in cash and cash equivalents may provide the company with enhanced financial flexibility for future investments or expansion plans.

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:

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:

1. Resignation: Mr. Ramlal Sarote has stepped down from his position as Independent Director.

2. 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.