Sayaji Industries Ltd Announces CFO Change and Approves Quarterly Financial Results for Q2 FY27
Sayaji Industries Limited has announced significant management changes following its Board meeting on August 7, 2026, including the resignation of its Chief Financial Officer (CFO) and the appointment of a new CFO. The Company also approved its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.The Board meeting determined several business matters, including the approval of the quarterly results and the scheduling of the 85th Annual General Meeting.
Executive Changes in Leadership
Mr. Nilesh A Pandya tendered his resignation as Chief Financial Officer of Sayaji Industries Limited, effective from the closure of business hours on August 7, 2026, citing a desire to pursue other career opportunities. The Board accepted the resignation.Following this change, Mr. Niravkumar C Mistry was approved by the Nomination and Remuneration Committee and appointed as the new Chief Financial Officer (CFO), effective August 8, 2026. Mr. Mistry is described as a seasoned Finance Professional holding PGDIB (IIFT), PGDBA, and PGDCA. He possesses over 20 years of experience in areas such as Fund raising, Working Capital Management, Debt Capital Market, Merger & Acquisition, Strategy, and Finance & Accounts. His previous corporate experiences include Megha Engineering & Infrastructure Ltd, Arvind Ltd, Adani Group, and Reliance Industries Ltd.
Quarterly Financial Highlights (Q ended June 30, 2026)
The Company’s financial performance for the quarter ended June 30, 2026 shows revenue growth across both standalone and consolidated entities.Standalone Results Summary:
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) |
|---|---|---|
| Revenue from operations | 26,348.47 | 25,674.99 |
| Total income | 26,654.59 | 25,135.62 |
| Profit/(loss) after tax | 666.70 | 1,183.31 |
Consolidated Results Summary:
The consolidated financial results reflect total revenue of 28,807.53 lakh for the quarter ended June 30, 2026.
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) |
|---|---|---|
| Revenue from operations | 28,807.53 | 26,758.76 |
| Total income | 28,989.67 | 26,540.06 |
| Profit/(loss) after tax attributable to Owners of the company | 1,54.84 | 1,090.53 |
Segment Performance Overview
The Company’s operations are segmented into Agro Processing-Maize, Agri Seeds, and Spray Dried Food Products. The segment reporting demonstrates operational stability across the core business lines.Segment Performance (Profit/(Loss) before exceptional items and tax)
| Segment | Q ended June 30, 2026 (Unaudited) | Q ended March 31, 2026 (Audited) |
|---|---|---|
| Agro Processing-Maize | 1,559.47 | 2,200.71 |
| Agri Seeds | 171.59 | (49.54) |
| Spray Dried Food Products | 106.66 | 166.90 |
Annual General Meeting Details
The Board announced that the 85th Annual General Meeting of the Company will be held on Monday, September 21, 2026, at 3:30 p.m. The meeting will be conducted through Video Conferencing or other Audio-Visual means.Stock Price Movement
As of 12:56, Sayaji Industries Ltd shares are ticking up significantly, trading at ₹110.00 after an impressive 9.51% gain. The equity has shown a strong intraday movement, pulling back to a low of ₹101.05 before reaching the day's high at ₹110.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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