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SG Mart informs about outcome of board meeting

16 May 2025 Evaluate
SG Mart has informed that the Board of Directors of the Company in its meeting held today Friday, May 16, 2025, which commenced at 1:00 PM and concluded at 3:30 PM, transacted the following; Approved the Financial Results (Standalone and Consolidated) of the Company for the quarter and financial year ended March 31, 2025, as reviewed and recommended by the Audit Committee of the Board; Approved a capital expenditure plan estimated to be around ?600 crores (Rupees Six Hundred Crores only), to be incurred by the Company and/or its subsidiaries (existing and/or new) over a period of next 2 years. The overall capacity will increase from 0.6 Mn Ton to 2.5 Mn Ton. The capex will be utilized for enhancing capacities of cut to length (Coil cutting machines) and manufacturing of solar mounting structures across existing and/or new units, in line with the Company’s strategic growth objectives and increasing market demand; Approved the appointment of Mr. Archit Arora as Vice President - Sales & Marketing, and designated as Senior Management Personnel(s) (SMP) of the Company with effective from May 16, 2025, upon recommendation of Nomination and Remuneration Committee.

The above information is a part of company’s filings submitted to BSE.

SG Mart Share Price

549.10 14.95 (2.80%)
21-Apr-2026 16:59 View Price Chart
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