Sharda Motor Industries Ltd. announced its Q1 FY27 unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the re-appointment of M/s Gurdeep Singh & Associates as Cost Auditors and appointed Mr. Ajay Relan as a Whole-time Director for five years, effective September 1, 2026. These decisions were made during a Board meeting held on August 10, 2026.
Board Meeting Outcome
Sharda Motor Industries Ltd. convened a Board of Directors meeting on August 10, 2026. During this meeting, the Board considered and approved several key items, including the unaudited financial results (standalone and consolidated) for the first quarter of the financial year 2026-27, which ended on June 30, 2026. The detailed financial results and the accompanying Limited Review Report have been furnished.
Key Appointments and Re-appointments
The Board also endorsed the recommendation of the Audit Committee to re-appoint M/s Gurdeep Singh & Associates as the Cost Auditors of the Company for the financial year 2026-27. This re-appointment is subject to the approval of the company’s members at the upcoming Annual General Meeting.
Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Ajay Relan (DIN: 00257584) as a Whole-time Director. This appointment will be for a term of 5 years, commencing from September 1, 2026, and is also subject to shareholder approval at the ensuing Annual General Meeting. Mr. Relan’s extensive experience in the automotive sector is expected to contribute significantly to the company’s strategic direction.
Financial Highlights
The standalone financial statements reveal a revenue from operations of ₹1,01,106.68 lakh for the quarter ended June 30, 2026. The profit after tax for the same period stood at ₹8,578.41 lakh. For the year ended March 31, 2026, the company reported a revenue from operations of ₹3,39,677.10 lakh and a profit after tax of ₹34,155.02 lakh.
Consolidated figures show a revenue from operations of ₹1,01,106.68 lakh for the quarter ended June 30, 2026, with a profit after tax of ₹8,652.80 lakh. The year ended March 31, 2026, reported consolidated revenue from operations of ₹3,39,677.10 lakh and a profit after tax of ₹34,540.36 lakh.
Additional Information
The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and are available on the company’s website, www.shardamotor.com, as well as on the websites of the BSE and NSE.
Source: BSE
