SIBAR AUTO PARTS' board has approved the financial results for the first quarter.

The company's 43rd Annual General Meeting will be conducted virtually.

The board also approved the re-appointment of Mr. Pemmasani Ravichandra as Managing Director for a fresh term of three years.

He is the brother of Mr. Pemmasani Madhupratap, the company's Whole-Time Director.

This decision ensures continuity in leadership, important for strategic direction.