Sharda Motor Industries Reports Q1 Results; Appoints Ajay Relan as Whole-time Director and Reappoints Cost Auditors

Sharda Motor Industries Reports Q1 Results; Appoints Ajay Relan as Whole-time Director and Reappoints Cost Auditors​

Sharda Motor Industries Limited announced key updates regarding its corporate governance and financial performance, including the appointment of a new director and the re-appointment of cost auditors. The company released its unaudited standalone and consolidated financial results for the first quarter (Q1) of the financial year 2026-27, which ended on June 30, 2026.

The Board of Directors considered and approved these results during a meeting held on August 10, 2026. Additionally, the company confirmed the re-appointment of M/s Gurdeep Singh & Associates as its Cost Auditors for the financial year 2026-27. The board also approved the appointment of Mr. Ajay Relan as a Whole-time Director.

Financial Performance Snapshot (Q1 FY 2026-27)​

The company's consolidated and standalone results showed total income reaching 1,03,812.42 lakh for the quarter ended June 30, 2026. Total expenses stood at 92,387.20 lakh in the consolidated view (all amounts are in lakh).

The financial comparison across the key periods is detailed below:

Standalone Financial Results Summary (Amounts in Lakh)

Consolidated Financial Results Summary (Amounts in Lakh)

Governance and Appointments​

The board meeting confirmed the appointment of Mr. Ajay Relan as a Whole-time Director of the company. This appointment is effective from September 01, 2026, for a term of five years, subject to shareholder approval at the ensuing Annual General Meeting.

M/s Gurdeep Singh & Associates has been re-appointed as Cost Auditors for the financial year 2026-27. The firm has expertise in Power, Auto Parts, Engineering, Petroleum, and Pharmaceutical industries.

Director Profile Summary
The appointed director, Mr. Ajay Relan, brings extensive experience to the role. He has been associated with the company since its incorporation and possesses over four decades of industry experience in automotive component manufacturing, project development, and setting up new manufacturing facilities. His background includes driving innovation and operational excellence within the sector.

Financial Review Details​

The unaudited standalone financial results were reviewed by S.R. Dinodia & Co. LLP. The review found that the statements were prepared according to applicable Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules and other accounting practices.

The consolidated financial results were also reviewed by S.R. Dinodia & Co. LLP. The review concluded that the accompanying statement met disclosure requirements and contained no material misstatement.

SHARDAMOTR Stock Price Movement​

Today, shares of Sharda Motor Industries Limited edged higher to close at ₹955.7, marking a gain of 1.35%. The stock maintained strong trading activity, with nearly 98,862 shares traded during the session and settling well above its day low of ₹925.