Sandhar Technologies Ltd

Sandhar Technologies Limited – Trading Window Closure from Oct 01, 2026 till 48 hours after the declaration of Un-Audited Standalone & Consolidated Financial Results for the Quarter and half year ended Sep 30, 2026

AGM Details

• Held on 22 September 2026 at 11:30 IST via VC/OAVM.

Financials & Dividend

• Adopt audited standalone and consolidated financial statements for FY 2025-26 — Approved.
• Final dividend of ₹4 per equity share approved.

Directors

• Gazal Kalra appointed as Non-Executive Independent Director.
• Monica Davar re-appointed as Non-Executive Non-Independent Director.

Auditors

• Remuneration of Cost Auditor ratified for 2026-27.

Special Resolutions / Governance

• Enhancement of limits for loans, investments, guarantees and securities under Section 186 — Approved.

AGM details

• AGM held 22 September 2026 at 11:30 A.M. IST via VC/OAVM.
• AGM concluded at 12:46 P.M. IST.
• Remote e-voting 19–21 September 2026; e-voting continued briefly after meeting.
• 125 members attended via VC/OAVM.

Resolutions put to vote

• Ordinary: Adopt standalone and consolidated financial statements for FY 2025-26.
• Ordinary: Final dividend of INR 4.00 per equity share.
• Ordinary: Re-appointment of Monica Davar as Non-Executive Non-Independent Director (retiring by rotation).
• Special: Ratification of cost auditor remuneration for FY 2026-27.
• Special: Appointment of Gazal Kalra as Non-Executive Independent Director.
• Special: Enhancement of limits for loans, investments, guarantees, and securities under Section 186.

Voting results status

• Voting results to be submitted to stock exchanges in due course.

Dividend & attendance

• Final dividend of 4.00 per share declared for FY 2025-26.
• 125 attendees; quorum confirmed for the meeting.

Directors & governance changes

• Monica Davar to be re-appointed as Non-Executive Non-Independent Director (retiring by rotation).

Auditors & secretarial

• Cost audit remuneration ratified for FY 2026-27; firm: M/s Satija & Co.

Other material approvals

• Approval to enhance limits for loans/investments/guarantees/securities under Section 186.

Resignation of SMP Vijay Dahiya

• Resignation of Shri Vijay Dahiya, Vice-President - Operations at Sandhar Ascast Private Limited, from SMP of Sandhar Technologies.
• Discontinues SAPL duties; SAPL services end December 2, 2026.

Dividend and TDS updates

• Final dividend of INR 4.00 per equity share for FY2025-26 recommended by the Board.
• Dividend payable subject to shareholder approval at AGM on Sep 22, 2026.
• Record date for entitlement: Sep 11, 2026.
• TDS will be deducted at source under the Income Tax Act 2025.
• TDS rates: 10% with PAN; 20% without PAN; DTAA may apply.
• Submit PAN, Form 121, and other declarations by Sep 15, 2026 via MUFG RTA portal.
• Shareholders to ensure depository/registrar records reflect PAN/residential details for correct TDS rate.
• Communication on TDS available on the company's website.

Filing context

• BRSR for FY2025-26 enclosed; standalone disclosures forming part of the 34th Annual Report.
• Reporting boundary: standalone; 100% turnover from manufacturing activities.

Governance update

• Gurvinder Jeet Singh appointed as Additional Director (Executive Non) for three-year term.
• Appointment approved by Members of the Company.

Sustainability programs

• Solar power integration across units to reduce fossil fuel use.
• LED lighting rollout and VFD adoption to lower energy consumption.
• ZLD wastewater systems in four units with treated water reused.

Emissions, energy & waste

• Scope 2 emissions: 22,413 MT CO2e; no Scope 3 disclosed yet.
• Total energy: 174,022 GJ; renewable energy: 12,713 GJ.
• Total waste generated: 1,201 tonnes; hazardous waste managed via licensed agencies.

Policies & governance

• Policy on cyber security and data privacy in place; no data breaches reported.

AGM notice and key dates

• Notice of 34th AGM and FY2025-26 Annual Report released.
• AGM scheduled for Sep 22, 2026, 11:30 AM IST via VC/OAVM.
• Notice and Annual Report available at company site and stock exchange portals.
• Remote e-voting from Sep 19 to Sep 21, 2026.
• Voting eligibility cut-off: Sep 11, 2026.
• Record date for final dividend: Sep 11, 2026.
• Dividend payment date: on or before Oct 22, 2026.
• Shareholders urged to update email and complete KYC details.

Financial highlights

• FY2025-26 consolidated revenue ₹4,927.44 cr; ~25% YoY growth.
• Consolidated PAT ₹198.66 cr; standalone ₹179.11 cr.
• Consolidated EBITDA margin 10.57%.
• Final dividend proposed ₹4.00 per share; record date 11 Sep 2026.
• Consolidated borrowings ~₹707 cr; net debt ~₹128 cr; debt-to-equity 0.10.
• CAPEX + subsidiary investments ₹173.04 cr; Barcelona S.L. rights issue €0.915m.
• Slump sale of Aluminium Die Casting units completed; KS/KSASPL divested; Europe expansion via Barcelona.
• Promoter holding 50.56%; two family trusts 4.36% each.
• SCID filed 29 patents (25 granted); 5 new products developed.
• India revenue from operations ₹4,38,383.76 lacs.

Overview

• Standalone BRSR for FY2025-26 filed by Sandhar Technologies Ltd.
• Core business is metal components manufacturing; 16 domestic plants; OEM-focused B2B customers.

Key ESG Risks & Opportunities

• Climate change poses risk and opportunity; mitigated via ERM, carbon footprint reduction, and cleaner technologies.
• Water risks and opportunities addressed through ZLD at major units and reuse of treated effluent.
• Waste management risks and opportunities include hazardous waste handling and aluminum alloy recycling.
• Health and safety risk addressed via SHE policy, training, near-miss reporting, and RCA.
• Human rights risks/opportunities managed through HR policy and 100% supplier conduct compliance.
• Data privacy risk managed by policy; no breaches reported; ongoing regulatory compliance.

Governance & Policy Highlights

• SLT handles sustainability decisions; CSR Committee approves policies; board oversight described.
• Key policies include anti-bribery, whistleblower, human rights; supplier code; ISO 27001:2022.
• No material penalties or adverse regulatory orders reported.
• Assurance: no external assurance; internal reviews; external assessment planned.
• Policies and links published on company website and intranet.

Social Responsibility & Workforce

• Total employees 884; male ~92%, female ~8%; workers total 423 with 400 male and 23 female.
• Board gender diversity: 3 of 11 directors are women (27%).
• 100% health insurance coverage; employees are covered under ESI or private policies.
• SHE policy drives safety training, near-miss reporting, and root-cause analysis.
• Grievance mechanisms in place; 1 shareholder complaint; 144 customer complaints.
• CSR programs include Remedial Education, Adopt a Gram, Sandhar Ki Beti, Healthcare Centre.
• Training: 3 board trainings; 3 KMP trainings; 41 worker safety sessions.

Environmental Performance

• Total energy use 174,022.14 GJ; renewable energy ~7.3%; Scope 2 emissions 22,413 t CO2e.
• Water: ZLD at major units; STP/ETP treatment; treated water reused for non-potable uses.
• Total waste 1,201.02 tonnes; hazardous waste via licensed vendors.
• LED lighting, solar power, and VFDs implemented to reduce energy use.
• No external environmental impact assessments; ISO 27001:2022 certification held.

Stakeholder Engagement & Complaints

• Stakeholders include investors, shareholders, employees, suppliers, customers, government, and communities.
• Engagement channels include email, meetings, and calls; investors quarterly; communities semi-annually.
• Complaints: 1 from shareholders; 144 from customers; other categories not highlighted.
• Whistle-blower policy and Vigil Mechanism available; supplier surveys conducted.
• Grievance redressal policy accessible via company intranet.

Other Notable Metrics

• RPTs: purchases 3.67%; sales 3.06%; loans & advances 47.33% to related parties.
• Top 10 trading houses account for 100% of trading-house purchases.
• Aluminum alloy recycled input: 12% this year; 40% prior year.
• Scope 3 emissions not reported; roadmap for assessment planned.
• Green credits: none generated; cyber security and data privacy policy in place.