Sharda Motor Industries Limited — Important, 13-02-2025: Updates

The Board of Directors held a meeting to review operational changes and governance updates at Sharda Motor Industries Limited. Key outcomes include the approval of unaudited financial results for the third quarter and nine-month period ended December 31, 2024. Revenue from operations was ₹2087.67 crore, reflecting a minor decline from ₹2105.86 crore in the previous quarter. Net profit stood at ₹749.72 crore.

Mr. Puru Aggarwal, the President & Group CFO, will retire on March 31, 2025, transitioning his role to Mr. Ghan Shyam Dass, currently the Chief Commercial Officer, effective April 1, 2025. Additionally, Mrs. Sarita Dhuper has been re-appointed as a Non-Executive Independent Director for a five-year term, subject to member approval, while Ms. Iti Goyal has been redesigned as Key Managerial Personnel. Investors should monitor these leadership transitions closely, as they could influence strategic direction and financial performance moving forward.