SGN Telecoms , a manufacturer of power cables and conductors, has announced several important decisions following its recent board meeting held on September 4, 2025. The company has set the date for its 39th Annual General Meeting (AGM) and approved key appointments, subject to shareholder approval at the upcoming AGM.

AGM Date and Book Closure

The 39th AGM of SGN Telecoms is scheduled for Monday, September 29, 2025, at 10:00 AM at the company's registered office in Mohali. The board has fixed the book closure period from September 23 to September 29, 2025 (both days inclusive). Shareholders whose names appear in the company's register as of September 22, 2025, will be eligible to vote at the meeting.

Key Appointments

Secretarial Auditor

The board has approved the appointment of M/s. Anil Negi & Company, Company Secretaries, as the Secretarial Auditor for a term of five consecutive financial years, from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the AGM.

Independent Director

Mr. Saurabh (DIN: 10790325) has been appointed as an Independent Director for a term of five years, effective from September 30, 2025, pending shareholder approval. Mr. Saurabh brings extensive experience in financial management, accounts, and taxation to the board.

Managing Director Re-appointment

The board has approved the re-appointment of Mr. Surinder Singh (DIN: 00030011) as Managing Director for a further period of three years, starting September 30, 2025. This re-appointment is also subject to shareholder approval at the AGM. Mr. Singh's experience in engineering, financial management, and administrative control has been valuable to the company.

Other AGM Preparations

The company has appointed M/s. Anil Negi & Company, Practicing Company Secretary, as the scrutinizer for overseeing the e-voting process at the AGM. The board has also approved the annual report and notice for the AGM.

SGN Telecoms' management encourages all shareholders to participate in the upcoming AGM and exercise their voting rights on these important matters.

Investors and stakeholders are advised to refer to the official AGM notice for complete details on the resolutions and voting procedures.

SGN Telecoms Limited, a manufacturer of power cables and conductors, has reported a significant increase in losses for the first quarter. The company's financial results, reviewed by the Audit Committee and approved by the Board of Directors, reveal challenges in its operations and financial performance.

Financial Performance

SGN Telecoms reported a loss of ₹12.58 crore for the quarter, marking a substantial increase from the ₹1.05 crore loss in the previous quarter and ₹8.49 crore loss in the same quarter last year. The company's total income from operations stood at ₹35.47 crore, while total expenses reached ₹161.23 crore.

Key Financial Metrics

The company's earnings per share (EPS) for the quarter was negative at ₹0.02, reflecting the impact of the increased losses on shareholder value.

Expense Breakdown

Employee benefits expense for the quarter amounted to ₹21.34 crore. However, the most significant contributor to the company's expenses was the 'Other Expenses' category, which stood at ₹137.62 crore. This substantial figure in other expenses warrants attention and may require further scrutiny to identify areas for potential cost optimization.

Company Overview

SGN Telecoms Limited specializes in manufacturing a range of cables and conductors, including power cables, XLPE cables, control cables, data cables, and various conductors. The company's diverse product portfolio caters to different sectors requiring electrical and communication infrastructure.

Audit Opinion

The statutory auditors have expressed an unmodified audit opinion on the financial results, indicating that the financial statements fairly represent the company's financial position and performance in accordance with the applicable accounting standards.

Management's Responsibility

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The management is responsible for the preparation and fair presentation of these financial statements in accordance with applicable accounting standards and other recognized accounting practices and policies.

While SGN Telecoms continues to face financial challenges, the company's management and board will likely need to focus on strategies to improve operational efficiency, reduce costs, and explore new revenue streams to reverse the trend of increasing losses in the coming quarters.