Syrma SGS Technology Limited has announced significant changes in its leadership team. The company's Board of Directors has appointed Mr. Bhabagrahi Pradhan as the new Company Secretary, Compliance Officer, and Key Managerial Personnel, effective August 5, 2025. This appointment follows the resignation of Mrs. Komal Malik from the same position.

Resignation of Komal Malik

Komal Malik has resigned from her position as Company Secretary, Compliance Officer, and Key Managerial Personnel of Syrma SGS Technology Limited, effective July 30, 2025. She was relieved from her duties at the close of business hours on that date. Malik expressed her intention to resign to take up a new role outside the organization. The company disclosed this information through Chief Financial Officer Bijay Kumar Agrawal in compliance with listing regulations.

New Appointment Details

Mr. Pradhan brings a wealth of experience to his new role at Syrma SGS Technology. His credentials include:

• Fellow member of the Institute of Company Secretaries of India (ICSI)
• Associate member of the Institute of Cost and Works Accountants of India (ICWAI)
• Law graduate (LLB)

With approximately 25 years of post-qualification experience, Mr. Pradhan has developed extensive expertise in corporate secretarial, compliance, legal, and governance functions across various sectors.

Professional Background

Throughout his career, Mr. Pradhan has been associated with several prominent organizations across diverse industries, including:

• NBFC (Non-Banking Financial Company)
• Pharmaceuticals
• Textiles
• Information Technology
• Cement
• Power

His professional journey includes notable stints with organizations such as MGF Group, Intime Spectrum, Medicamen, DSCI, DCM Group, Dalmia Group, and NTPC Limited.

Regulatory Compliance

In accordance with regulatory requirements, Syrma SGS Technology Limited has duly informed the National Stock Exchange of India Limited and BSE Limited about these changes in key personnel. The company has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate governance practices.

These strategic changes underscore Syrma SGS Technology's commitment to maintaining strong corporate governance and compliance standards. Mr. Pradhan's extensive experience across various sectors is expected to contribute significantly to the company's ongoing growth and development in the technology industry.

Syrma SGS Technology Limited , a leading electronic manufacturing services (EMS) company, has reported robust financial results for the first quarter of fiscal year 2026, demonstrating significant improvements across key metrics and announcing a strategic joint venture for PCB manufacturing.

Strong Financial Performance

The company delivered impressive year-on-year growth in Q1 FY26:

• EBITDA surged by 75% to ₹96.00 crores
• PAT (Profit After Tax) grew by 145% to ₹50.00 crores
• EBITDA margins improved from 5.20% to over 10.00%
• Gross material margins increased from 15.00% to 24.00%

Export Growth and Revenue Mix

Syrma SGS continued to strengthen its export business:

• Export revenue grew by 29% to ₹232.00 crores, representing 25% of total revenue
• The company is on track to achieve its target of crossing ₹1,000.00 crores in exports for the full year

The business mix showed strategic improvement:

This shift aligns with the company's strategy to focus on higher-margin segments.

PCB Manufacturing Joint Venture

Syrma SGS announced a significant expansion into PCB (Printed Circuit Board) manufacturing:

• Planned Phase-1 CAPEX of $91 million over 3-4 years
• Targeting 12-15% EBITDA margins for the PCB business
• Initial capacity expected to be about one-third of the total, with an investment of $30-35 million in the next 12-18 months
• Production trials anticipated to begin by Q3 FY27 (October-December 2026)

Future Outlook

Management provided guidance for the full year FY26:

• Expected revenue growth of 30-35%
• Projected EBITDA margins of 8.50-9.00%

The company's order book stands strong at approximately ₹5,400.00-5,500.00 crores, with the automotive segment comprising 35-40% of the pipeline.

Strategic Focus

J.S. Gujral, Managing Director of Syrma SGS, commented on the company's performance and strategy: "The recalibration of strategies which the management consciously started executing from Q2 of last year has panned out as we had planned. We now believe that we are on that cusp of growth and encashing on this platform which we have built over the last four quarters."

The company continues to focus on high-margin verticals, operational efficiency, and overall cash flow improvement.

Conclusion

Syrma SGS Technology's Q1 FY26 results demonstrate the company's successful execution of its strategic initiatives, with significant improvements in profitability and a shift towards higher-margin business segments. The announcement of the PCB manufacturing joint venture further underscores the company's commitment to expanding its capabilities and capturing new growth opportunities in the evolving electronics manufacturing landscape.