Shree Steel Wire Ropes Limited Approves Q1 Results, Announces Management Changes

Shree Steel Wire Ropes Limited Approves Q1 Results, Announces Management Changes​

Shree Steel Wire Ropes Limited (SSWRL), a manufacturer of steel and stainless steel ropes, railway electrification equipment, and OHE fittings for transmission lines, announced several key corporate decisions following its Board meeting held on July 13, 2026. The company reviewed the unaudited financial results for the quarter ended June 30, 2026, approved the company's Annual General Meeting (AGM) dates, and noted significant changes in its management team.

Q1 Financial Performance Review​

The Board of Directors considered and approved the Un-Audited Financial Results of the Company for the quarter ended June 30, 2026, along with a Limited Review Report submitted by the Statutory Auditor. The company also reviewed the Board of Directors' Report for the Financial Year ended March 31, 2026.

The financial performance data for the relevant periods is detailed below (Figures in Rs. in Lakhs):

Management and Corporate Appointments​

The Board meeting addressed several critical appointments and resignations:

• Designation Change: Mr. Anil L. Sajnani (DIN:00014257) was approved for appointment as the Managing Director and Key Managerial Personnel of the company, effective from July 14, 2026.
• Appointment of Scrutinizer: Rushabh Doshi, a practicing Company Secretary, was approved to serve as the Scrutinizer for conducting e-voting and the voting process at the Annual General Meeting (AGM).
• Resignations: The Board noted the resignation of Mr. Ashish L. Sajnani (DIN:00262225) from his post as Director and Key Managerial Personnel (Managing Director), effective from the closing of business hours on July 14, 2026. Additionally, the board accepted the resignation of Mr. Ramnarayan Tiwari (DIN:10422348) as Whole Time Director with effect from July 13, 2026, and noted the resignation of Niranjan Choudhary as Chief Financial Officer, effective July 31, 2026.
• Statutory Audit: The appointment of Chandak Agarwal & Co, Chartered Accountant (FRN:135067W), was approved as the Statutory Auditors for a term of three financial years, subject to shareholder approval at the ensuing AGM.

Corporate Action Items​

The Board determined that the 34th Annual General Meeting of the Company will be held on Friday, September 18, 2026. The Book Closure Dates set for the AGM are Saturday, September 12, 2026, to Friday, September 13, 2026 (both days inclusive).

The company operates in the business of manufacturing Steel Wire Ropes and related products, which constitutes its operating segment under Indian Accounting Standard (IND AS)-108 "Operating Segment."

Stock Price Movement​

Shree Steel Wire Ropes Ltd shares settled at ₹32.40 on Monday, surging a solid 20.00% in post-market trading. The stock traded within an intraday range, moving between a low of ₹31.57 and a high of ₹32.40.