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SGIL Proposes CMD Reappointment with ₹6.90 Lakh Monthly Salary and New Independent Directors
Synergy Green Industries Limited (SGIL) has issued a postal ballot notice to seek shareholder approval for the reappointment of Mr. Sachin R. Shirgaokar as Chairman & Managing Director for a three-year term starting April 1, 2026. The proposed remuneration package for the CMD includes a monthly basic salary of ₹6.90 lakh and a commission of up to 4% of net profits. Furthermore, the company is seeking to appoint Mr. Deepak Vidyadhar Dhadoti and Mrs. Meghana Ashok Mulye as Independent Directors for five-year terms. Shareholders can participate in the decision through an e-voting process open from February 20 to March 21, 2026.
Key Highlights
Reappointment of Mr. Sachin R. Shirgaokar as CMD for a 3-year term effective April 1, 2026.
Proposed CMD remuneration includes ₹6.90 lakh monthly basic salary plus commission up to 4% of net profits.
Appointment of two new Independent Directors for 5-year terms ending March 31, 2031.
E-voting period scheduled from February 20, 2026, to March 21, 2026, with results by March 23, 2026.
CMD perquisites include 40% HRA, 30% LTA, and 27% contribution to PF and Superannuation funds.
💼 Action for Investors
Investors should evaluate the proposed executive compensation against the company's recent financial performance and ensure they participate in the e-voting process. Leadership continuity is generally a positive sign for operational stability.
SGIL Q3 FY26: Revenue Growth Guidance Slashed to 5% Amid Operational Disruptions
Synergy Green Industries (SGIL) reported a 4.8% YoY decline in 9M FY26 revenue to ₹252.92 crores, prompting a sharp cut in full-year growth guidance from 20% to 5%. The company cited operational disruptions from shifting equipment to its new unit and a ₹30 crore order delay from Envision as primary reasons for the muted performance. PBDIT margins for the 9-month period contracted to 13.63% due to higher outsourcing and finance costs. Despite short-term hurdles, the company is nearing completion of its capacity expansion to 45,000 MT and has operationalized a 10 MW solar plant.
Key Highlights
9M FY26 revenue stood at ₹252.92 crores, a 4.8% YoY decline, with full-year revenue target revised to ₹380 crores.
Q3 PBDIT fell 34% YoY to ₹9.62 crores, impacted by relocation costs and lower export realizations.
Capacity expansion from 30,000 MT to 45,000 MT is in the final commissioning stage, expected to complete in the current quarter.
A major ₹30 crore order from Envision has been postponed to Q1 FY27 following commercial and warranty-related clarifications.
Phase 1 of the in-house machining facility is operational, with Phase 2 expected to be commissioned by Q1 FY27.
💼 Action for Investors
The downward revision in guidance and margin pressure are negative short-term signals, though the nearing completion of the 45,000 MT expansion offers long-term scale potential. Investors should watch for the stabilization of margins once the new unit is fully integrated and the Envision order commences in FY27.
SGIL Q3 FY26: Revenue Down 4.8%, Full-Year Growth Guidance Slashed to 5%
Synergy Green Industries (SGIL) reported a 4.8% YoY decline in Q3 FY26 total income, with PBDIT falling sharply by 34% to ₹9.62 crores. The company significantly lowered its full-year revenue growth guidance to 5% (₹380 crores) from an earlier 20% projection, citing expansion-related disruptions and delayed product ramp-ups. Profitability was weighed down by higher outsourcing costs during plant relocation and increased finance charges from ongoing Capex. Despite short-term hurdles, SGIL is nearing completion of its capacity expansion to 45,000 MT and has secured new approvals from BHEL and L&T.
Key Highlights
Q3 FY26 total income decreased by 4.8% YoY, while PBDIT dropped 34% to ₹9.62 crores with margins at 10.32%.
Full-year revenue guidance revised downwards to ₹380 crores (5% growth) from previous 20% estimates due to execution delays.
Foundry capacity expansion from 30,000 MT to 45,000 MT is in final stages; Phase 2 machining expected in Q1 FY27.
A ₹30 crore serial supply order from Envision has been postponed to FY27 due to commercial and warranty discussions.
9-month PBDIT margins contracted to 13.63% from 14.44% due to relocation costs, higher depreciation, and interest.
💼 Action for Investors
Investors should monitor the successful commissioning of the 45,000 MT expansion and the commencement of the Envision serial supply in FY27. While the margin pressure appears transitory due to Capex, the significant guidance cut suggests near-term execution risks.
Synergy Green Q3 FY26: Net Loss of ₹1.49 Cr as Expansion Costs and Relocation Weigh on Margins
Synergy Green Industries reported a weak Q3 FY26 performance, swinging to a net loss of ₹1.49 crore from a profit of ₹5.95 crore in the same quarter last year. Total income declined 4.8% YoY to ₹93.16 crore, while EBITDA margins contracted significantly by 466 bps to 10.32%. The profitability was hit by higher outsourcing costs during equipment relocation, increased finance costs from expansion, and a statutory provision for the new labor code. Despite short-term pain, the company is operating at 89% capacity utilization and is expanding its foundry capacity to 45,000 TPA.
Key Highlights
Net loss of ₹1.49 crore in Q3 FY26 vs a profit of ₹5.95 crore in Q3 FY25.
EBITDA margin dropped to 10.32% from 14.98% YoY due to relocation and establishment overheads.
Long-term borrowings increased to ₹143.24 crore to fund capacity expansion from 30,000 to 45,000 TPA.
Capacity utilization remains high at 89%, with 50% of the world's top 10 wind OEMs as clients.
Finance costs rose to ₹4.74 crore in Q3 FY26 compared to ₹4.04 crore in the previous year.
💼 Action for Investors
Investors should exercise caution in the short term as the company navigates high expansion-related costs and margin pressure. The long-term recovery depends on the successful stabilization of the new 45,000 TPA capacity and the operationalization of in-house machining to reduce outsourcing costs.
SGIL 9M FY26 Revenue Down 4.8% to ₹252.92 Cr; PAT Declines Sharply Amid Expansion
Synergy Green Industries reported a 4.8% YoY decline in 9M FY26 revenue to ₹252.92 crore, primarily due to delayed product ramp-ups in the wind segment and expansion-related disruptions. Profitability was significantly impacted, with PAT falling to ₹4.25 crore from ₹13.05 crore YoY, and the company reporting a net loss of ₹1.49 crore in Q3 FY26. Management attributes the margin pressure to higher finance costs, increased depreciation, and one-time provisions for the new labor code. Despite short-term pain, the foundry expansion to 45,000 TPA is on track for March 2026 completion.
Key Highlights
9M FY26 Total Income fell 4.8% YoY to ₹252.92 Cr, while PBDIT margins contracted to 13.63% from 14.44%.
Q3 FY26 recorded a Net Loss of ₹1.49 Cr compared to a Profit of ₹5.95 Cr in the same quarter last year.
Finance costs rose to ₹14.10 Cr and Depreciation increased to ₹12.50 Cr due to ongoing capital expenditure.
Foundry capacity expansion from 30,000 TPA to 45,000 TPA is targeted for completion by March 2026.
Management projects a modest 5% revenue growth for the full FY 2025-26 with PBDIT margins around 14%.
💼 Action for Investors
Investors should exercise caution as the company faces significant margin pressure and high interest costs during its heavy CAPEX phase. The key monitorable is the successful commissioning and ramp-up of the 45,000 TPA foundry expansion in March 2026 to drive future growth.
Synergy Green Industries Q3 FY26: Revenue Dips to ₹91.8 Cr, Swings to Net Loss of ₹1.49 Cr
Synergy Green Industries Limited (SGIL) reported a disappointing set of numbers for Q3 FY26, with revenue from operations declining to ₹9,182.13 lakhs from ₹9,712.01 lakhs in the year-ago period. The company recorded a net loss of ₹148.88 lakhs for the quarter, a sharp reversal from the ₹594.52 lakhs profit reported in Q3 FY25. Profitability was severely impacted by rising finance costs of ₹474.71 lakhs and depreciation of ₹546.08 lakhs, alongside an exceptional charge of ₹64.18 lakhs for new Labour Code compliance. For the nine-month period ending December 2025, net profit has fallen by approximately 67% year-on-year to ₹424.91 lakhs.
Key Highlights
Revenue from operations decreased by 5.4% YoY to ₹9,182.13 lakhs in Q3 FY26.
Reported a net loss of ₹148.88 lakhs compared to a profit of ₹594.52 lakhs in Q3 FY25.
Finance costs and depreciation expenses rose significantly to ₹474.71 lakhs and ₹546.08 lakhs respectively.
Exceptional item of ₹64.18 lakhs recognized due to the statutory impact of new Labour Codes.
9M FY26 net profit plummeted to ₹424.91 lakhs from ₹1,305.31 lakhs in the previous year.
💼 Action for Investors
Investors should exercise caution as the company has transitioned to a loss-making quarter despite relatively stable revenue, indicating significant margin pressure and rising overheads. Close monitoring of the company's ability to manage its debt and operational costs is advised before making new commitments.
SGIL Reports Q3 FY26 Net Loss of ₹1.49 Crore; Re-appoints Sachin Shirgaokar as CMD
Synergy Green Industries Limited (SGIL) reported a weak performance for Q3 FY26, swinging to a net loss of ₹148.88 lakhs compared to a profit of ₹594.52 lakhs in the same quarter last year. Revenue from operations declined by approximately 5.5% YoY to ₹9,182.13 lakhs. The bottom line was further pressured by an exceptional item of ₹64.18 lakhs related to the impact of new Labour Codes. Despite the financial downturn, the board approved several leadership changes, including the re-appointment of Sachin Rajendra Shirgaokar as Chairman & Managing Director for three years.
Key Highlights
Net Loss of ₹148.88 lakhs in Q3 FY26 vs a Net Profit of ₹594.52 lakhs in Q3 FY25.
Revenue from operations decreased to ₹9,182.13 lakhs from ₹9,712.01 lakhs YoY.
Nine-month PAT stands at ₹424.91 lakhs, a significant drop from ₹1,305.31 lakhs in the previous year.
Exceptional charge of ₹64.18 lakhs recognized due to statutory impact of New Labour Codes.
Board approved re-appointment of Sachin Rajendra Shirgaokar as CMD and Vendavagali Srinivasa Reddy as ED for 3 years.
💼 Action for Investors
Investors should exercise caution as the company has turned loss-making on a quarterly basis with declining year-on-year revenue. It is important to monitor if the management can stabilize margins and offset rising finance and depreciation costs in upcoming quarters.