Sanrhea Technical Textiles Limited , a leading manufacturer of industrial and technical fabrics, has initiated a postal ballot to seek shareholder approval for two significant corporate actions concerning its Managing Director, Shri Tushar Patel.

Proposed Remuneration Revision

The company is proposing a revision in Shri Tushar Patel's remuneration, effective from December 1, 2025. The key changes include:

• An increase in monthly salary to up to Rs 21.00 lakh
• Introduction of a commission at 1% of the company's net profits

Reappointment as Managing Director

Additionally, the company is seeking approval for Shri Patel's reappointment as Managing Director for a three-year term, commencing from August 1, 2026. The proposed terms include:

• Continuation of the revised salary structure
• Retention of the 1% commission on net profits
• Various perquisites including leave travel allowance, medical expenses, and car provisions

Voting Process and Timeline

Shareholders can participate in the decision-making process through remote e-voting, which will be open from November 20 to December 19, 2025. The company has engaged the National Securities Depository Limited (NSDL) to facilitate the e-voting process.

Company Performance and Rationale

The Board's decision comes in the context of the company's recent financial performance:

Despite a slight decrease in net profit, the company has shown growth in total income and gross profit, which may be factors in the proposed remuneration changes.

Industry Context and Future Outlook

The company cites challenges such as raw material price volatility and global competition, particularly from Chinese manufacturers. However, it expresses optimism about future growth, citing:

• The Indian government's increased infrastructure investments
• Expected growth in the cement, steel, and mining sectors
• Anticipated expansion in the automobile and tire industries

These factors are expected to drive demand for Sanrhea Technical Textiles' products, particularly its conveyor belting fabrics.

Shareholders will need to consider these factors as they cast their votes on the proposed resolutions. The outcome of this postal ballot will be crucial in determining the company's leadership and compensation structure for the coming years.

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.