Sarthak Metals Limited (SML) has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Anirudh Singhal. The company disclosed this information in a regulatory filing to the BSE and NSE on August 16, 2025.

Resignation Details

Anirudh Singhal will be relieved from his duties at the close of business hours on July 31, 2025. The company stated that there were no material reasons provided for his resignation.

Disclosure Process

Sarthak Metals explained that the initial disclosure delay was due to receiving only an email notification without an attached formal resignation letter. The company has since provided a PDF copy of the email as part of their regulatory filing.

Company's Statement

In its filing, Sarthak Metals expressed appreciation for Singhal's services, stating, "The Company places on record its deep sense of appreciation for the services rendered by Mr. Anirudh Singhal and for his contribution during his tenure as the CFO."

CFO's Parting Words

In his resignation email, Singhal wrote, "I am grateful for the exposure provided by SML and happy to be part of SML's incredible journey. Best of luck to the team in all future endeavors."

Regulatory Compliance

The company's disclosure adheres to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the recent SEBI circular dated November 11, 2024.

Sarthak Metals Limited will now be in the process of finding a suitable replacement for the CFO position. The company has not yet announced any plans for Singhal's successor.

Sarthak Metals , a leading player in the cored wire industry, has released its unaudited financial results for the first quarter of the fiscal year 2025-26, along with a significant leadership change announcement.

Financial Performance

For the quarter ended June 30, 2025, Sarthak Metals reported:

The company's revenue from operations saw a year-on-year increase of 13.8% compared to Rs. 4061.36 lakhs in Q1 FY25. The profit for the period decreased by 24.4% compared to Rs. 140.25 lakhs in the same quarter of the previous year.

Leadership Transition

In a significant development, Sarthak Metals announced a change in its top financial leadership:

• Mr. Anirudh Singhal has resigned from his position as Chief Financial Officer (CFO), effective July 31, 2025. Mr. Singhal's decision to step down is attributed to his desire to focus on a personal project.

• The company has appointed Mr. Narendra Dewangan as the new CFO, effective August 1, 2025. Mr. Dewangan brings over 35 years of experience in accountancy, finance, and taxation to the role. He has been associated with the Deshraj Bansal Group for more than 20 years and has been heading the Accounts Division of the company.

Board and Management Comments

The Board of Directors expressed their appreciation for Mr. Singhal's contributions and strategic leadership during his tenure. They acknowledged his role in strengthening the company's financial foundation and building stakeholder confidence.

Mr. Mayur Bhatt, CEO of Sarthak Metals, praised Mr. Singhal's sharp financial intellect, deep industry understanding, and ethical compass. He highlighted Singhal's impact on the organization, including his collaborative spirit and calm leadership that inspired teams and strengthened the organizational culture.

Looking Ahead

As Sarthak Metals navigates this leadership transition, the company remains focused on its core business of cored wires. The appointment of Mr. Narendra Dewangan as CFO is expected to bring continuity and extensive experience to the financial leadership of the company.

Investors and stakeholders will be watching closely to see how this transition impacts the company's financial strategy and performance in the coming quarters.