Sharda Motor Industries announced the schedule of activities for buyback of shares. Buyback Opening Date - 11 June 2024 Buyback Closing Date - 18 June 2024 Last date of receipt of completed Tender Forms and other specified documents by the Registrar - 18 June 2024 Last date of completion of settlement of bids by the Clearing Corporation/ BSE - 25 June 2024The company is proposing to buyback up to 10,27,777 equity shares of the company of face value of Rs 2 each at a price of Rs 1,800 per share payable in cash for an aggregate amount not exceeding Rs 184.99 crore. Powered by Capital Market - Live News

Sharda Motor Industries has appointed Deepak Manchanda as CEO- Global Business ( Exports ) of the Company w.e.f. 04 June 2024. Powered by Capital Market - Live News

Sharda Motor Industries announced that the Board of Directors of the Company at its meeting held on 23 May 2024, inter alia, have recommended the final dividend of Rs 9.92 per equity Share (i.e. 496%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Sharda Motor Industries rose 42.26% to Rs 88.30 crore in the quarter ended March 2024 as against Rs 62.07 crore during the previous quarter ended March 2023. Sales rose 2.21% to Rs 703.39 crore in the quarter ended March 2024 as against Rs 688.16 crore during the previous quarter ended March 2023.For the full year,net profit rose 43.81% to Rs 299.59 crore in the year ended March 2024 as against Rs 208.33 crore during the previous year ended March 2023. Sales rose 4.05% to Rs 2809.26 crore in the year ended March 2024 as against Rs 2699.94 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales703.39688.16 2 2809.262699.94 4 OPM %14.1411.79 -12.8710.44 - PBDT130.7196.18 36 451.77324.49 39 PBT116.7582.11 42 399.22278.22 43 NP88.3062.07 42 299.59208.33 44 Powered by Capital Market - Live News

Sharda Motor Industries will hold a meeting of the Board of Directors of the Company on 18 April 2024.Powered by Capital Market - Live News