Sanrhea Technical Textiles Limited , a leading manufacturer of industrial and technical fabrics, has successfully concluded its postal ballot process with shareholders approving both proposed resolutions regarding Managing Director Shri Tushar Patel's remuneration revision and reappointment.

Postal Ballot Results Overview

The remote e-voting process concluded on December 19, 2025, at 5:00 PM IST, with both special resolutions receiving overwhelming shareholder support. The voting results demonstrate strong confidence in the company's leadership direction.

Approved Remuneration Structure

Shareholders approved the revision in Shri Tushar Patel's remuneration, effective from December 1, 2025. The approved compensation package includes:

• Monthly salary increased to up to ₹21.00 lakh
• Commission structure at 1% of the company's net profits
• Various perquisites including leave travel allowance, medical expenses, and car provisions

Managing Director Reappointment Confirmed

The second resolution confirmed Shri Patel's reappointment as Managing Director for a three-year term commencing from August 1, 2026. The reappointment maintains the revised salary structure and commission framework approved in the first resolution.

Voting Process and Participation

The postal ballot process was conducted entirely through remote e-voting, facilitated by National Securities Depository Limited (NSDL). Key participation metrics include:

The voting process was overseen by scrutinizer Ashish Doshi of Spanj Associates, Company Secretaries, who confirmed the validity and transparency of the entire process.

Company Performance Context

The approved resolutions come against the backdrop of the company's mixed financial performance, with growth in total income and gross profit offset by a decline in net profit:

Despite challenges including raw material price volatility and global competition, the company remains optimistic about future growth prospects driven by increased infrastructure investments and expected expansion in cement, steel, mining, automobile, and tire industries.

Sanrhea Technical Textiles Limited has reported a remarkable financial performance in its latest quarterly results, showcasing significant growth across key metrics.

Revenue Soars

The company's total income for the quarter skyrocketed to Rs 7512.53 lakhs, marking an extraordinary year-on-year increase of 1072% from Rs 640.62 lakhs in the same quarter last year. This substantial revenue growth reflects a strong market demand for the company's products and successful business strategies.

Profit Expansion

Sanrhea Technical Textiles' net profit showed impressive growth, reaching Rs 472.48 lakhs compared to Rs 95.51 lakhs in the previous year's corresponding quarter. This represents a substantial 395% increase in profitability, indicating improved operational efficiency and cost management.

Earnings Per Share

The company's earnings per share (EPS) saw a significant boost, rising to Rs 9.45 from Rs 1.91 in the same quarter last year. This fivefold increase in EPS is likely to be well-received by shareholders and investors.

Financial Position

Sanrhea Technical Textiles maintained its equity share capital at Rs 500.00 lakhs, while its reserves stood at Rs 2030.18 lakhs, indicating a stable financial foundation.

Profitability Metrics

Despite the massive revenue growth, the company's net profit margin for the quarter was recorded at 6.29%, compared to 14.91% in the same quarter last year. This decrease in profit margin percentage, despite higher absolute profits, suggests increased costs or changes in the product mix.

The company's extraordinary performance in this quarter positions it strongly for the fiscal year ahead.