SAR Auto Products Promoter Shreyas Virani Continues Stake Reduction with Fresh Share Sale

Sar auto products Limited's promoter Shreyas Rameshbhai Virani has disclosed another round of equity share sales under SEBI's substantial acquisition regulations. The promoter and Whole-Time Director sold an additional 2,000 shares through open market transactions on March 19-20, 2026, following his earlier sale of 3,870 shares in mid-March.

Latest Transaction Details

The recent share sale was executed over two consecutive days in March 2026. Virani sold 490 equity shares on March 19, 2026, followed by 1,510 shares on March 20, 2026, totaling 2,000 shares in this latest transaction.

Latest Transaction Details: Information Total Shares Sold: 2,000 Sale Date 1: March 19, 2026 (490 shares) Sale Date 2: March 20, 2026 (1,510 shares) Mode of Sale: Open Market Percentage Sold: 0.04%

Updated Shareholding Pattern

Following this latest transaction, Shreyas Virani's individual shareholding has decreased from 27.60% to 27.56%. Combined with his previous sale of 3,870 shares, the promoter has now reduced his total holding by 5,870 shares. The promoter group's collective holding has also declined accordingly.

Current Shareholding Summary: Before Latest Sale After Latest Sale Change Shreyas R. Virani: 1,314,900 shares (27.60%) 1,312,900 shares (27.56%) -2,000 shares (-0.04%) Promoter Group Total: 3,554,041 shares (74.59%) 3,552,041 shares (74.55%) -2,000 shares (-0.04%)

Promoter Group Composition

The promoter group includes several family members acting in concert. Other promoter group members have maintained their shareholdings unchanged during both transaction periods.

Key Promoter Group Members:

Rameshbhai D Virani (Promoter): 0 shares (0.00%)

Rajeshree R Virani (Promoter Group): 872,510 shares (18.31%)

Urvi S Virani (Promoter Group): 1,366,631 shares (28.68%)

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. SAR Auto Products Limited is listed on the Bombay Stock Exchange (BSE) with a total equity share capital of ₹4.76 crore, comprising 4,764,740 equity shares of ₹10 each. The company trades under the ISIN INE002E01010.

SAR Auto Products Limited has announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance with quarterly growth but nine-month decline. The Rajkot-based manufacturer of gears, gear boxes and transmission components reported these results following a Board meeting held on February 10, 2026.

Quarterly Financial Performance

The company demonstrated solid quarterly performance with revenue from operations growing year-on-year. Total income for the quarter reached ₹386.41 lakhs, supported by other income of ₹27.93 lakhs.

Metric: Q3FY26 Q3FY25 Change Revenue from Operations: ₹358.48 lakhs ₹352.31 lakhs +1.75% Total Income: ₹386.41 lakhs ₹382.72 lakhs +0.96% Net Profit: ₹20.59 lakhs ₹15.29 lakhs +34.66% Total Expenses: ₹365.82 lakhs ₹367.43 lakhs -0.44%

Nine-Month Performance Analysis

While quarterly results showed improvement, the nine-month performance indicated challenges with declining revenue and profitability compared to the previous year.

Parameter: 9M FY26 9M FY25 Variance Revenue from Operations: ₹826.79 lakhs ₹1,166.67 lakhs -29.13% Total Income: ₹908.11 lakhs ₹1,245.12 lakhs -27.07% Net Profit: ₹46.12 lakhs ₹76.53 lakhs -39.74% Total Expenses: ₹861.99 lakhs ₹1,168.59 lakhs -26.22%

Cost Structure and Operational Metrics

The company's cost management showed positive trends during the quarter. Cost of materials consumed decreased to ₹143.35 lakhs from ₹184.80 lakhs in Q3FY25. Employee benefit expenses increased to ₹19.22 lakhs from ₹16.16 lakhs, while finance costs remained stable at ₹2.30 lakhs compared to ₹2.28 lakhs in the previous year.

Key Operational Highlights

Depreciation expenses decreased to ₹47.70 lakhs from ₹53.72 lakhs year-on-year

Other expenses rose to ₹117.64 lakhs from ₹88.59 lakhs in Q3FY25

Changes in inventories showed positive impact of ₹35.60 lakhs

Basic and diluted earnings per share stood at ₹0.43 for the quarter

Financial Position and Compliance

The company maintained its paid-up equity share capital at ₹476.47 lakhs with face value of ₹10 per share. Total comprehensive income for the quarter reached ₹20.64 lakhs including other comprehensive income of ₹0.04 lakhs.

SAR Auto Products operates in a single segment focusing on manufacturing of gears, gear boxes and other transmission components. The company noted that evaluation of financial impact from new labour codes effective from November 21, 2025 is in progress, with any incremental liability to be accounted for by March 31, 2026.

Regulatory Compliance and Publication

Following the Board approval, SAR Auto Products submitted newspaper copies for publication of Q3FY26 unaudited financial results to BSE Limited under Regulation 47 of SEBI (LODR) Regulations, 2015. The results were published in Free Press Gujarat (English) and LOKMITRA (Gujarati) newspapers dated February 11, 2026.

Audit and Regulatory Compliance

The unaudited financial results were reviewed and approved by the Board of Directors and subjected to limited review by statutory auditors J. A. Sheth & Associates. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies Act, 2013. The company confirmed that provision for taxation will be made at year-end as per standard practice.

Source: Company Filing

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