Syrma SGS Technology Reports Q2 Results, Announces Chairman Re-appointment and New Strategic Moves

Syrma SGS Technology Reports Q2 Results, Announces Chairman Re-appointment and New Strategic Moves​

Syrma SGS Technology Limited (formerly Syrma SGS Technology Pvt. Ltd. and Syrma Technology Pvt. Ltd.) has released its unaudited financial results for the quarter ending June 30, 2026. The company utilized the occasion to announce the re-appointment of Mr. Sandeep Tandon as Executive Chairman and appointed M/s Umesh Sagta & Associates as Cost Auditors for the Financial Year 2026-27.

The results reflect both standalone and consolidated performance. Syrma SGS Technology Limited holds a strong equity stake in a subsidiary, Syrma SGS Design & Manufacturing Private Limited, having invested Rs 326.99 million (1,143,322 equity shares) in the entity.

Financial Performance Highlights​

The company reported comprehensive income of 3,520.71 million for the quarter ending June 30, 2026, against a total revenue from operations of 15,886.18 million. The Board of Directors had previously recommended a final dividend of 15% (Rs. 15/- per equity share of Rs 10/- each) for the financial year 2025-26, subject to shareholder approval.

Key figures from the standalone and consolidated results are presented below:

Corporate Governance and Strategic Updates​

The Board of Directors approved the re-appointment of Mr. Sandeep Tandon (DIN: 00054553) as Executive Chairman for a further period of five years, effective from October 1, 2026, to September 30, 2031, subject to shareholder approval. Mr. Tandon is described as a technology catalyst and entrepreneur with over 25 years of experience in the electronics manufacturing sector.

Furthermore, the Board approved the appointment of M/s Umesh Sagta & Associates (FRN: 001801) as Cost Auditors for the Financial Year 2026-27. The firm specializes in statutory cost audit and cost management solutions.

In a strategic move, the company executed an agreement with Kaga Electronics India Private Limited. As per this agreement, the Holding Company will invest for an aggregate ownership stake of up to 60% in a new company, while Kaga will invest for up to 40%.

Financial Review and Amalgamation Details​

The results presented are subject to the review report from Walker Chandiok & Co LLP.

Amalgamation:
The financial statements reflect the Scheme of Amalgamation involving SGS Infosystems Private Limited (Transferor Company 1) and SGS Tekniks Manufacturing Private Limited (Transferor Company 2) with Syrma SGS Technology Limited (Transferee Company). This Scheme was approved by the Hon'ble National Company Law Tribunal on October 7, 2025, with an appointed date of April 1, 2023. Consequently, the comparative financial information for the quarter ending June 2025 has been restated from the beginning of the earliest period presented (April 1, 2025).

Funding and Operations:
The company also outlined plans to raise funds through a Qualified Institutional Placement (QIP) or other permissible methods, with an aggregate amount not exceeding Rs. 1000 Crores. The Group operates in a single reportable business segment: Electronics Manufacturing Services (EMS), as determined by the Chief Operating Decision Maker (COD).

SYRMA Stock Price Movement​

Today, shares of Syrma SGS Technology Limited edged higher to close at ₹1353, recording a 3.60% gain for the day. The stock saw considerable interest during trading hours, with total volume reaching 1.28 million shares.