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Shanthi Gears Ltd is in the business of design, manufacture, supply and servicing of gears and gear boxes.
Shanthi Gears reported a decline in FY26 revenue to 518.72 Cr & PAT to 76.66 Cr. Q4 revenue stood at 135.10 Cr with PAT of 16.27 Cr. An exceptional charge of 4.78 Cr impacted annual profit. The board suggested a final dividend of ₹2/share for the fiscal year.
Shanthi Gears announced that Algavista Greentech Private Limited has been reclassified from its Promoter Group, with formal approval from exchanges. This development signifies a change in the company's ownership structure.
Shanthi Gears Limited announces Mr. Ranjan Kumar Pati has stepped down as Chief Financial Officer. This marks a change in the company's key management personnel, impacting leadership.
Shanthi Gears submitted applications to reclassify certain promoter group members as public shareholders. This formalizes ownership categories following Board approval, a key step in corporate governance.
Shanthi Gears' Board approved the reclassification of Algavista Greentech Private Limited out of the Promoter Group. This entity now holds 0% equity, with final reclassification subject to stock exchange approval.