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Sundaram Brake Linings Appoints Mr. Hari S as Chief Financial Officer
Sundaram Brake Linings has appointed Mr. Hari S as its new Chief Financial Officer and Key Managerial Personnel, effective March 09, 2026. Mr. Hari S is a Fellow Chartered Accountant with over 30 years of experience in finance, taxation, and corporate management. He previously held leadership roles at NTADCL and ITI Limited, where he managed complex financial negotiations and consortium banking. This appointment aims to strengthen the company's financial governance and strategic oversight through his extensive expertise in turnaround management and restructuring.
Key Highlights
Mr. Hari S appointed as CFO and Key Managerial Personnel effective March 09, 2026
Brings over 30 years of professional experience in Finance, Banking, and Project Finance
Previously served as GM (F&A) at NTADCL and Chief Finance Manager at ITI Limited
Expertise includes Corporate Debt Restructuring (CDR) and handling multi-bank consortium arrangements
The Board meeting for the appointment concluded within 25 minutes on March 09, 2026
💼 Action for Investors
Investors should view this as a positive step towards professionalizing financial leadership with a veteran expert. Monitor for any improvements in debt management or financial reporting efficiency following his transition into the role.
Sundaram Brake Linings CFO V Srinivasan Resigns Effective February 9, 2026
Sundaram Brake Linings Limited has announced the resignation of Mr. V. Srinivasan from the position of Chief Financial Officer. The resignation is effective from the close of business hours on February 9, 2026. The company issued this filing to correct a previous announcement which inadvertently listed the effective date as February 6, 2026. Mr. Srinivasan is departing to pursue career opportunities outside the organization, and the company is now tasked with finding a successor for this Key Managerial Personnel role.
Key Highlights
Mr. V. Srinivasan resigns as Chief Financial Officer effective February 9, 2026.
The resignation is intended to allow the executive to pursue alternate career opportunities.
The company clarified and corrected the effective date from a previous filing dated February 6, 2026.
The outgoing CFO has committed to a smooth transition of all financial duties and responsibilities.
💼 Action for Investors
Investors should monitor future filings for the appointment of a new CFO to ensure leadership continuity in the company's financial department.
Sundaram Brake Linings Q3 Results: Net Loss of ₹1.24 Cr vs Profit YoY; Revenue Down 4.7%
Sundaram Brake Linings reported a weak performance for Q3 FY26, posting a net loss of ₹124.32 lacs compared to a profit of ₹88.86 lacs in the same quarter last year. Revenue from operations declined 4.66% year-on-year to ₹8,418.64 lacs, though it showed a sequential improvement from Q2. Profitability was further impacted by a one-time exceptional charge of ₹33.02 lacs related to the implementation of new labour codes. For the nine-month period ending December 2025, the company has swung to a total loss of ₹489.98 lacs from a profit of ₹384.84 lacs in the previous year.
Key Highlights
Net Loss of ₹124.32 lacs in Q3 FY26 compared to a Net Profit of ₹88.86 lacs in Q3 FY25.
Revenue from operations decreased 4.66% YoY to ₹8,418.64 lacs from ₹8,830.29 lacs.
Exceptional item of ₹33.02 lacs recognized as incremental gratuity liability due to New Labour Codes.
Nine-month performance (Apr-Dec 2025) shows a significant swing to a loss of ₹489.98 lacs.
Earnings Per Share (EPS) for the quarter turned negative at ₹(3.16) versus ₹2.26 YoY.
💼 Action for Investors
Investors should exercise caution as the company has transitioned into a loss-making phase over the last nine months despite stable revenues. Monitor the management's strategy for cost optimization and margin recovery in the friction materials segment.