Sundaram Brake Linings Limited has announced the resignation of its Chief Financial Officer, Mr. V. Srinivasan, effective February 9, 2026. The company issued a corrected intimation to stock exchanges after initially reporting an incorrect effective date.

Resignation Details

The resignation announcement came through a formal communication to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company had to issue a correction after inadvertently mentioning the effective date as February 6, 2026, instead of the correct date of February 9, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, as amended. The company followed SEBI Master Circular no SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, relating to appointment and cessation of key managerial personnel.

Reason for Departure

According to the formal resignation letter submitted by Mr. Srinivasan, he has chosen to pursue an opportunity that aligns with his long-term professional growth and career advancement. In his resignation letter addressed to the Managing Director, he expressed gratitude for the trust, support, and opportunities extended during his tenure at the company.

Transition Process

Mr. Srinivasan has committed to ensuring a smooth and seamless transition of responsibilities. He indicated his willingness to extend full cooperation in handing over all duties and financial matters to facilitate continuity in the company's financial operations.

Company Background

Sundaram Brake Linings Limited, based in Padi, Chennai, is a manufacturer of TVS brake linings and clutch facings. The company operates under CIN L34300TN1974PLC006703 and trades on stock exchanges with scrip codes SUNDRMBAK on NSE and 590072 on BSE.

Sundaram Brake Linings Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, through a regulatory filing under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Chennai-based friction materials manufacturer reported a significant decline in profitability, moving from profit to loss during the third quarter compared to the corresponding period last year.

Quarterly Financial Performance

The company's financial performance for Q3 FY26 showed considerable weakness across key metrics. Revenue from operations declined year-on-year, while the company moved from profitability to substantial losses during the quarter.

Other income for the quarter stood at ₹32.25 lacs compared to ₹99.81 lacs in Q3 FY25, representing a significant decline of 67.69%.

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, reflected similar challenges with the company recording substantial losses compared to the profitable performance in the corresponding period of the previous year.

Cost Structure and Operational Challenges

The company's expense structure showed mixed trends during Q3 FY26. Cost of materials consumed decreased to ₹4,056.97 lacs from ₹4,391.38 lacs in Q3 FY25. However, changes in inventories of finished goods and work-in-progress resulted in an expense of ₹341.48 lacs compared to a benefit of ₹33.68 lacs in the previous year.

Employee benefits expenses remained relatively stable at ₹1,273.82 lacs compared to ₹1,379.21 lacs in Q3 FY25. Finance costs declined to ₹74.74 lacs from ₹112.88 lacs, while other expenses decreased to ₹2,655.30 lacs from ₹2,823.56 lacs year-on-year.

Impact of New Labour Codes

The company recognized an exceptional item of ₹33.02 lacs in Q3 FY26 related to the impact of new labour codes that became effective from November 21, 2025. The Government of India consolidated 29 existing labour legislations into four unified Labour codes. Based on management's assessment, the company considered an incremental gratuity liability arising from these new codes.

Regulatory Compliance and Board Approval

The Board of Directors approved the unaudited financial results at their meeting held on February 6, 2026, which commenced at 10.40 AM and concluded at 11.20 AM. The results were reviewed by the Audit Committee and received an unqualified limited review report from statutory auditors Brahmayya & Co. The company filed the results with both NSE (Scrip Code: SUNDRMRAK) and BSE (Scrip Code: 590072) under the regulatory requirements.

The company secretary and compliance officer J. R. Vishnu Varthan signed the regulatory filing, confirming compliance with SEBI listing regulations.