Latest news about Sangam
Sangam India Targets ₹4,500 Crore Revenue and 13%+ Margins by FY29
Sangam India Expects Q1 Margin Hold, Targets ₹50-60 Cr EBITDA From Renewables
Sangam
523.00
-4.50(-0.85%)
Company Performance:
View Company Insights1D-0.85%
1M+17.78%
6M+10.93%
1Y+23.52%
5Y+460.26%
More news about Sangam
22Apr 26
Sangam India Recommends Final Dividend of ₹2 per Share for FY26
Sangam (India) Limited has recommended a final dividend of ₹2 per equity share for FY26, representing 20% of the ₹10 face value, subject to AGM approval. This recommendation follows exceptional financial performance with consolidated net profit growing 160% to ₹8,260 million in FY26, supported by strong Q4 results showing 246% profit growth and significant EBITDA margin expansion.
07Apr 26
Sangam (India) Limited Receives SEBI Compliance Certificate for Q4FY26
Sangam (India) Limited received a certificate under SEBI Regulation 74(5) for Q4FY26 from Bigshare Services Private Limited, confirming compliance with dematerialization processes. The certificate validates proper handling of securities dematerialization, timely processing within regulatory requirements, and adherence to depository participant regulations during the quarter ended 31st March, 2026.
17Mar 26
Sangam (India) Limited Reopens Special Window for Physical Share Transfer Requests
Sangam (India) Limited has reopened a special window for re-lodgement of physical share transfer requests that were previously rejected or returned due to document deficiencies. The facility, available until February 4, 2027, specifically targets transfer deeds lodged before April 1, 2019. Shareholders can re-submit their requests through Bigshare Services Pvt. Ltd., the company's Registrar and Share Transfer Agent. The announcement was published in newspapers on March 17, 2026, and communicated to both NSE and BSE for regulatory compliance.
28Jan 26
Sangam (India) Limited Acquires 49% Stake in Clean Max Kenai for Rs 24 Crore Renewable Energy Project
Sangam (India) Limited announced acquisition of 49% equity in Clean Max Kenai Private Limited for Rs 24 crore to develop 20 MW wind-solar hybrid captive power project in Rajasthan. The project, expected to be operational by April 2027, targets annual savings of Rs 26 crore while supporting Sangam's ESG objectives and providing annuity-style returns through long-term captive power arrangements.
21Jan 26
Sangam India Limited Reports Strong Q3FY26 Results with 39.3% EBITDA Growth
Sangam (India) Limited reported strong Q3FY26 results with EBITDA growing 39.3% YoY to ₹85 crores and net profit surging 898.8% to ₹24 crores. Revenue increased 3.2% to ₹775 crores with EBITDA margin expanding 283 bps to 10.9%. Nine-month revenue grew 11.1% to ₹2,362 crores with net profit up 123.2% to ₹50 crores. The company is expanding renewable energy capacity by 30 MW through hybrid and solar projects, targeting ₹32 crores in annual savings.
14Jan 26
Sangam (India) Limited Board Meeting Scheduled for January 21, 2026 to Consider Q3FY26 Unaudited Financial Results
Sangam (India) Limited has scheduled its Board of Directors meeting for January 21, 2026, to consider and approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The meeting will cover both standalone and consolidated results and will be held at Bhilwara. The company has implemented trading window restrictions for designated persons from January 1, 2026, which will continue until 48 hours after the results declaration, ensuring compliance with SEBI insider trading regulations.
26Dec 25
Sangam (India) Signs Contract with IB Vogt Solar for 27 MW Solar Power Project
Sangam (India) Limited has signed a contract with IB Vogt Solar for a 27 MW solar power project, representing a strategic diversification into renewable energy. This partnership combines Sangam's business capabilities with IB Vogt Solar's technical expertise in solar development. The project marks a significant expansion beyond the company's traditional textile operations into India's growing clean energy sector.
26Dec 25
Sangam (India) Limited Expands Renewable Energy Portfolio with 27 MWp Solar Plant
Sangam (India) Limited has expanded its renewable energy portfolio by signing an EPC contract with IB Vogt Solar India Private Limited for a 27.00 MWp solar power plant in Jaisalmer, Rajasthan. This development follows the company's earlier strategic acquisition of stake in CGE II Hybrid Energy Private Limited, demonstrating a comprehensive approach to sustainable energy for its manufacturing operations.
14Nov 25
Sangam India Reports 16% Revenue Growth and 32% EBITDA Jump in Q2 FY26
Sangam India Limited, a textile manufacturer, reported robust Q2 FY26 results. Revenue increased 16% year-on-year to INR 785.00 crores, while EBITDA grew 32% to INR 76.00 crores. Net profit reached INR 23.00 crores. The company attributed growth to higher volumes, improved product mix, and operational efficiencies. Future outlook includes 12-15% annual revenue growth and 1-2% margin expansion. Strategic initiatives involve renewable energy projects, depreciation policy revision, and debt reduction plans. The company maintains a balanced mix of domestic and export sales, with exports at 37% of revenue.
11Nov 25
Sangam India Reports Robust Q2 FY26 Results, Revises Asset Life Estimates
Sangam India Limited reported robust financial results for Q2 FY26. Revenue increased by 15.9% to Rs 775.92 crore, while PAT surged to Rs 23.78 crore from Rs 4.82 crore year-over-year. EBITDA grew by 32.4% to Rs 75.76 crore, with margin improvement to 9.6%. The company revised asset life estimates, resulting in lower depreciation charges and higher profits. The Board approved performance-linked sweat equity shares for promoter group members, setting ambitious targets for future years. Chairman R.P. Soni attributed the strong performance to domestic demand and operational efficiencies.
10Nov 25
Sangam (India) Reports Stellar Q2 Performance with 395% Surge in Net Profit
Sangam (India) Limited has reported strong Q2 FY2025-26 results with net profit soaring 395% to ₹238.00 million. Revenue increased by 15.56% to ₹7,800.00 million, while EBITDA grew 47.74% to ₹752.00 million. The EBITDA margin improved to 9.69% from 7.54%. The company's board approved revising the useful life of certain assets and issuing performance-linked sweat equity shares to promoters, subject to shareholder approval.
19Sept 25
Sangam (India) Limited Shareholders Approve Key Resolutions at 39th AGM, Including Rs. 2 Dividend
Sangam (India) Limited held its 39th Annual General Meeting on September 19. Shareholders approved a dividend of Rs. 2.00 per equity share and adopted the audited financial statements. V.K. Sodani was re-appointed as Director, and Sudhir Maheshwari was re-appointed as Independent Director for a five-year term. M/s. B.K. Sharma & Associates were appointed as Secretarial Auditors for five years. The meeting also ratified the remuneration of Cost Auditors.
07Aug 25
Sangam India Acquires Recycled Polyester Unit for Rs 52.51 Crores, Appoints New Internal Auditor
Sangam (India) Limited has approved the purchase of a Recycle Polyester Staple Fibre (RPSF) Manufacturing Unit for up to Rs 52.51 crores. The unit has an installed capacity of 45 TPD and is expected to meet about 50% of the company's daily polyester fibre requirement, projecting annual savings of Rs 11.00 crores. This acquisition aligns with the company's backward integration strategy and sustainability goals. Additionally, the board has appointed M/s. Protiviti India Member Private Limited as the company's new Internal Auditor to enhance risk management and internal control processes.
04Aug 25
Sangam India Reports 66% Drop in Q1 Net Profit Despite Revenue Growth
Sangam India's Q1 financial results show a 12.8% increase in revenue to ₹786.00 crore, but a 66% decrease in net profit to ₹43.00 crore. EBITDA declined to ₹54.60 crore from ₹60.30 crore, with the EBITDA margin compressing from 8.65% to 6.95%. The contrasting trends of rising revenue and falling profitability suggest challenges in cost management or market pricing pressures.
29May 25
Sangam (India) Announces Q4 Results: Revenue Up, Profit Down, Declares Dividend
Sangam (India) Ltd. reported Q4 financial results with revenue increasing to ₹7.25 billion, up 3.57% year-over-year. However, profitability declined with EBITDA falling 12.44% to ₹535.00 million and net profit decreasing 24.80% to ₹94.00 million. The EBITDA margin contracted to 7.37% from 8.66%. Despite the profit decline, the company's board recommended a dividend of ₹2.00 per equity share. Notably, net profit improved significantly from ₹5.00 million in the previous quarter to ₹94.00 million in Q4.
16May 25
Sangam India Expands Customer Base, Adds Walmart Supplier Gelmart Industries
Sangam India Ltd., a textile manufacturer, has onboarded Gelmart Industries Inc., a key supplier to Walmart, as a new customer for its garment business. This strategic acquisition could expand Sangam India's market reach, potentially increase revenue, enhance credibility, and diversify its customer base. The partnership may indirectly provide access to Walmart's vast network, although specific agreement details remain undisclosed.
18Apr 25
Sangam (India) Ventures into Denim Manufacturing with New Joint Venture in Odisha
Sangam (India) Limited has signed an MOU with Golden Seams Industries Pvt Ltd to form a joint venture focused on denim manufacturing and laundry operations in Odisha. This strategic move marks Sangam's expansion into the denim sector, potentially diversifying its product portfolio and geographical presence. The joint venture aims to capitalize on the growing denim market and changing fashion trends.
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