Sanathnagar Enterprises Announces CFO Transition with Regulatory Filing

Sanathnagar Enterprises Limited has officially announced a significant management transition with the appointment of a new Chief Financial Officer, following proper regulatory procedures and board approvals. The company filed the necessary disclosures with BSE Limited under Regulation 30 of SEBI Listing Regulations on January 19, 2026.

Official Board Approval and Regulatory Compliance

The Board of Directors convened on January 19, 2026, from 3:30 P.M. to 4:00 P.M. (IST) to approve the management changes. Based on recommendations from the Nomination and Remuneration Committee and Audit Committee, the board strategically planned this transition to ensure operational continuity.

Management Changes:	Details
Outgoing CFO:	Mr. Vikash Mundhra
Resignation Effective:	January 19, 2026 (closure of business hours)
Incoming CFO:	Mr. Sandeep Lakhotia
Appointment Effective:	January 20, 2026
Designation:	Chief Financial Officer and Key Managerial Personnel
BSE Scrip Code:	509423

New CFO Profile and Qualifications

Mr. Sandeep Lakhotia, aged 41 years, brings extensive expertise as a qualified Chartered Accountant with over 15 years of comprehensive experience. He will be designated as Senior Management Personnel upon his CFO appointment, strengthening the company's financial leadership.

Professional Experience and Career Journey

Mr. Lakhotia's diverse professional background spans multiple domains of financial management and corporate operations:

Career Progression:	Organization	Experience Areas
June 2009:	Price Waterhouse	Career commencement
5+ years:	INOX Leisure Limited	Financial reporting, FP&A, treasury, corporate functions
Subsequent roles:	Skechers South Asia Private Limited	Corporate operations
Previous position:	Reliance Retail Limited	Corporate experience
August 2024:	Lodha Group	Current association

His expertise encompasses finance and strategy, governance and compliance, capital markets, treasury operations, financial planning and analysis, mergers and acquisitions, and commercial operations.

Outgoing CFO Resignation Details

Mr. Vikash Mundhra formally submitted his resignation letter to the Board of Directors, citing pre-occupations and other personal reasons for his departure. In his resignation communication, he expressed gratitude for the opportunities and trust extended during his tenure and requested the board to arrange necessary filings with the Registrar of Companies, Mumbai.

Regulatory Documentation and Compliance

The company has ensured full regulatory compliance with all required disclosures under Regulation 30 of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All documentation, including resignation letters and appointment details, has been properly filed and uploaded on the company's website at www.sanathnagar.in .

The formal communication was addressed to BSE Limited's Corporate Relationship Department and signed by Company Secretary Abhijeet Shinde (Membership No.: A33077), ensuring proper documentation and regulatory adherence.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.89%	+15.50%	+28.03%	-10.57%	+9.32%	+297.01%

Sanathnagar Enterprises Limited (SEL), a real estate development company, has reported its financial results for the quarter and six months ended September 30, 2025. The company has shown a significant reduction in losses compared to the previous year, along with a decision to withdraw from a previously approved merger scheme.

Financial Performance

SEL's financial results for the first half of FY2026 show a marked improvement in its bottom line:

Particulars (₹ in lakhs)	H1 FY2026	H1 FY2025	% Change
Total Income	6.47	18.47	-64.97
Total Expenses	9.42	19.74	-52.28
Net Loss	(2.95)	(372.22)	-99.21

The company has managed to significantly narrow its losses, reporting a net loss of ₹2.95 lakhs for the six-month period ended September 30, 2025, compared to a loss of ₹372.22 lakhs in the same period last year. This represents a substantial improvement of 99.21% year-over-year.

Quarterly Performance

For the quarter ended September 30, 2025, SEL posted a profit of ₹1.32 lakhs, a notable turnaround from the loss of ₹366.78 lakhs in the corresponding quarter of the previous year.

Revenue and Expenses

The company's total income for H1 FY2026 stood at ₹6.47 lakhs, down from ₹18.47 lakhs in H1 FY2025. It's worth noting that the entire income was classified as 'other income' with no revenue from operations reported.

Total expenses for the half-year decreased to ₹9.42 lakhs from ₹19.74 lakhs in the previous year, contributing to the reduced losses.

Operational Focus

Sanathnagar Enterprises Limited continues to operate in real estate development as its single reportable segment, as disclosed under Ind AS 108 on 'Operating Segment'.

Withdrawal from Merger Scheme

In a significant corporate development, the Board of Directors has decided to withdraw the company from a previously approved merger scheme. The scheme, which was considered and approved on July 30, 2024, involved the merger by absorption of Sanathnagar Enterprises Limited with Lodha Developers Limited (formerly known as Macrotech Developers Limited) and their respective shareholders.

Audit Review

MSKA & Associates, the statutory auditors of the company, have provided an unmodified review opinion on the financial results for the quarter and half-year ended September 30, 2025.

Conclusion

While Sanathnagar Enterprises Limited has shown a substantial reduction in losses and even turned a small profit in the latest quarter, the company's lack of operational revenue and reliance on 'other income' may be areas of concern for investors. The decision to withdraw from the merger scheme with Lodha Developers Limited could have significant implications for the company's future strategy and operations.

Investors and stakeholders will likely be watching closely to see how SEL plans to generate operational revenue and sustain its improved financial performance in the coming quarters.