Sanghi industries has announced the resignation of Director Mr. Ajay Kapur, effective from the close of business hours on January 31, 2026. The resignation follows his superannuation as Managing Director of Ambuja Cements Limited.

Regulatory Compliance and Notification

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this board change, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Pranjali Dubey signed the regulatory filing on January 31, 2026.

Director Cessation Details

The regulatory filing provided comprehensive details about Mr. Kapur's departure:

Resignation Letter Highlights

In his resignation letter addressed to the Board of Directors, Mr. Kapur confirmed that his departure is solely due to his superannuation as Managing Director of Ambuja Cements Limited. He explicitly stated that there are no other reasons for his resignation apart from this superannuation.

Company Acknowledgment

Mr. Kapur expressed gratitude to all Board members for their cooperation and support during his tenure. He extended his best wishes to Sanghi Industries Limited for all future endeavors. The company has confirmed that all relevant documents related to this board change will be posted on its official website at www.sanghicement.com .

Corporate Information

Sanghi Industries Limited operates from its registered office at Adani Corporate House, Shantigram, near Vaishnodevi Circle, S.G. Highway, Khodiyar, Ahmedabad, Gujarat. The company maintains its corporate identification number as L18209GJ1985PLC157787.

Sanghi Industries announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a widened quarterly loss despite revenue growth. The cement manufacturer's financial performance reflects ongoing operational challenges while showing signs of revenue recovery.

Financial Performance Overview

The company's quarterly financial metrics demonstrate mixed results with revenue growth offset by increased losses:

The company's revenue from operations increased to ₹275.00 crore in Q3FY26 from ₹258.96 crore in Q3FY25, representing a growth of 6.19%. Other income also rose significantly to ₹8.61 crore from ₹4.15 crore in the corresponding quarter.

Nine-Month Performance Shows Improvement

For the nine-month period ended December 31, 2025, Sanghi Industries demonstrated stronger performance:

The nine-month revenue surge of 27.12% to ₹805.31 crore indicates improved operational momentum, while the reduced net loss of ₹307.34 crore compared to ₹381.46 crore in the previous year shows better cost management.

Expense Analysis and Operational Challenges

The company faced significant expense pressures during the quarter, with total expenses rising to ₹399.00 crore from ₹323.33 crore year-on-year. Key expense categories included:

• Power and fuel expenses increased to ₹202.25 crore from ₹173.02 crore
• Depreciation expenses rose substantially to ₹95.26 crore from ₹36.51 crore
• Finance costs decreased to ₹51.58 crore from ₹58.16 crore
• Other expenses increased to ₹55.58 crore from ₹51.14 crore

Notably, the company benefited from favorable inventory changes, recording a positive impact of ₹73.12 crore compared to ₹46.73 crore in the previous year.

Board Appointments and Corporate Developments

The Board of Directors approved the appointment of Mr. Rohit Soni as Additional Director (Non-Executive and Non-Independent) effective January 31, 2026. Mr. Soni brings extensive financial leadership experience, currently serving as Chief Financial Officer of the Cement business and previously holding CFO positions at Adani New Industries Limited and Adani Energy Solutions Limited.

Investor Communication and Transparency

Sanghi Industries has submitted the audio recording of its analysts and investors call for Q3FY26 results to BSE and NSE. The company filed the submission on January 31, 2026, making the recording available on its website at www.sanghicement.com . This follows the company's earlier communication dated January 13, 2026, regarding the quarterly results presentation.

Ongoing Legal Matters

The company continues to face litigation with the Chief Commissioner of State Tax, Government of Gujarat, regarding electricity duty exemption under the Electricity Duty Act. During the nine-month period, Sanghi Industries received ₹40.00 crore from erstwhile promoters against indemnity claims, recorded as exceptional income. The company has made provisions totaling ₹43.90 crore for the principal portion of disputed electricity duty and maintains contingent liability of ₹181.65 crore toward interest for the dispute period.

Capital Structure and Share Information

The company maintains a paid-up equity share capital of ₹258.33 crore, consisting of shares with a face value of ₹10 each. The earnings per share for the quarter stood at ₹(4.47) compared to ₹(3.75) in the corresponding quarter of the previous year.

Sanghi Industries operates exclusively in the cement and cement-related products business with sales in the domestic market. The company recently shifted its registered office from Telangana to Adani Corporate House in Ahmedabad, Gujarat, effective January 10, 2025.