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SAR Auto Products Ltd (538992)

📊 BSE: 538992 🏢 Auto Components & Equipments 📢 Latest filing: 29 Sep 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, SAR Auto's revenue was ₹5.3 Cr (+134.9% year on year, -12.3% on the previous quarter), and net profit ₹0.4 Cr (+209.2% year on year); the operating margin was 12.6%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹5.3	+134.9%	-12.3%
Operating profit	₹0.7	+77.3%	-3.7%
Net profit	₹0.4	+209.2%	+85.5%
EPS (₹)	0.78	+212.0%	+85.7%
Operating margin	12.6%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

SAR Auto Products Amends MOA to Enter Defence and Aerospace Sectors

🟢 POSITIVE ⭐ 4/10

OTHER 📅 29 Sep 2026, 06:31 PM

SAR Auto Products announced that shareholders approved an amendment to its Memorandum of Association (MOA) at the 39th AGM held on September 28, 2026. The amendment adds a new main object clause enabling the company to design, manufacture, and supply precision engineering and automotive components for defence, aerospace, naval, and land systems. The company also adopted a new MOA aligning with Table A of Schedule I of the Companies Act, 2013, subject to approval from the ROC/MCA. This represents a strategic intent to diversify from a small revenue base of Rs 17 Cr TTM.

Shareholders approved the alteration to the MOA at the 39th AGM held on September 28, 2026
Added Main Object Clause 3 to enter defence, aerospace, military, and naval precision engineering components
Adopted a new set of MOA aligned with Table A of Schedule I under the Companies Act, 2013, deleting Other Objects Clause C
Implementation remains subject to approval from the Registrar of Companies (ROC) / Ministry of Corporate Affairs (MCA)

💡 Track subsequent announcements on ROC approval, any announced capital expenditure, or concrete order wins in the defence and aerospace domains.

Promoter Shreyas Virani Sells 26 Shares (0.0005%) in SAR Auto Products via Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Sep 2026, 05:46 PM

Promoter and Whole-Time Director Shreyas R. Virani disclosed the sale of 26 equity shares (0.0005% of paid-up capital) of SAR Auto Products Ltd on September 25, 2026, through open market transactions. Following this sale, his personal shareholding marginally reduced from 1,288,924 shares (27.0534%) to 1,288,898 shares (27.0529%). Total promoter and PAC holding now stands at 3,528,139 shares, or 74.0468%, down from 74.0474%. Given the negligible volume of 26 shares, the transaction has virtually no impact on control or operations.

Promoter sold 26 equity shares representing 0.0005% of total voting capital on September 25, 2026
Individual holding of Shreyas R. Virani reduced from 27.0534% to 27.0529%
Total promoter and PAC group holding decreased marginally to 3,528,139 shares (74.0468%)
Total diluted equity capital remains constant at 4,764,740 equity shares of Rs 10 each

💡 Track subsequent insider trading and SAST filings for any pattern of ongoing promoter disposals, alongside the upcoming Q2 FY27 earnings performance.

Promoter Shreyas Virani Sells 1,315 Shares (0.03%) of SAR Auto Products via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 05:46 PM

Promoter and Whole-Time Director Shreyas R. Virani disclosed the open-market sale of 1,315 equity shares (0.03% of total voting capital) of SAR Auto Products on September 24, 2026. Following the transaction, the collective promoter and PAC holding declined marginally from 74.07% to 74.04% (3,528,165 shares). The total value of the shares sold stands at approximately Rs 0.79 crore based on current market pricing. Given the negligible volume, the disposal does not alter promoter control.

Promoter sold 1,315 equity shares on September 24, 2026 via open market
Disposal accounts for 0.03% of the total voting share capital
Total promoter and PAC holding stands at 3,528,165 shares (74.04%) post-sale
Total paid-up equity share capital remains Rs 4,76,47,400 across 4,764,740 shares

💡 Track quarterly shareholding patterns and insider trading disclosures to see if further promoter disposals occur.

Promoter Shreyas Virani Sells 1,350 Shares (0.03%) of SAR Auto Products via Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Sep 2026, 03:06 PM

Promoter and Whole-Time Director Shreyas R. Virani disclosed the open market sale of 1,350 equity shares of SAR Auto Products on September 23, 2026. This transaction represents 0.03% of the total paid-up share capital. Following the disposal, the aggregate promoter and PAC holding decreased marginally from 74.10% (35,30,830 shares) to 74.07% (35,29,480 shares). The transaction is negligible relative to the overall market capitalization of Rs 2,865 Cr.

Promoter sold 1,350 equity shares (0.03% stake) on September 23, 2026 via open market
Aggregate promoter and PAC holding declined from 74.10% (35,30,830 shares) to 74.07% (35,29,480 shares)
Individual holding of Shreyas R. Virani trimmed from 27.11% to 27.08%
Total paid-up share capital remained constant at Rs 4,76,47,400 divided into 47,64,740 equity shares of Rs 10 each

💡 Track whether open market sales by promoters continue in subsequent quarters and review upcoming quarterly shareholding patterns for broader ownership changes.

Promoter Shreyas Virani Sells 1,400 Shares of SAR Auto Products via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Sep 2026, 05:23 PM

Promoter and Whole-Time Director Shreyas R. Virani sold 1,400 equity shares of SAR Auto Products Ltd on September 22, 2026, through open market transactions. Following this sale, the collective holding of the promoter and PACs stands at 35,30,830 equity shares, representing 74.10% of total voting capital. The total equity share capital remains unchanged at 47,64,740 shares of Rs 10 each (Rs 4.76 crore). Given the small volume sold (0.03% of equity capital), the operational impact on the company is negligible.

Sale of 1,400 equity shares by promoter Shreyas R. Virani on 22/09/2026
Promoter and PAC post-sale holding stands at 35,30,830 shares (74.10%)
Disposal executed via open market
Total voting capital of the company is 47,64,740 equity shares of Rs 10 each (Rs 4.76 crore)

💡 Track quarterly shareholding filings to monitor any further promoter divestments or changes in promoter group shareholding.

Promoter Shreyas Virani Sells 1,460 Shares (0.03%) in SAR Auto Products

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Sep 2026, 05:49 PM

Promoter and Whole-Time Director Shreyas R. Virani disclosed the sale of 1,460 equity shares of SAR Auto Products Ltd on September 21, 2026, through open market transactions. Following this disposal, his individual holding decreased slightly from 27.17% (1,294,549 shares) to 27.14% (1,293,089 shares). Aggregate promoter and PAC shareholding reduced marginally from 74.16% (3,533,690 shares) to 74.13% (3,532,230 shares). Given the tiny volume, the transaction is immaterial to overall ownership control.

Promoter sold 1,460 equity shares via open market on September 21, 2026
Seller's personal stake reduced from 27.17% (1,294,549 shares) to 27.14% (1,293,089 shares)
Total promoter group holding marginally down from 74.16% to 74.13%
Total diluted equity capital remains constant at 4,764,740 shares of Rs 10 each (Rs 4.76 cr)

💡 Monitor subsequent shareholding patterns and insider trading filings to check whether promoter selling continues in larger volumes.

SAR Auto Products Schedules 39th AGM on September 28, 2026; Sets Cut-off Date as Sept 21

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 04:35 PM

SAR Auto Products Ltd has scheduled its 39th Annual General Meeting (AGM) on Monday, September 28, 2026, at 11:00 AM at its registered office in Rajkot. The company has fixed September 21, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. The e-voting window will open on September 24, 2026, and close on September 27, 2026. This is a routine statutory intimation without any immediate financial or operational impact.

39th Annual General Meeting scheduled for September 28, 2026, at 11:00 AM
Shareholder cut-off date for e-voting eligibility set for September 21, 2026
Remote e-voting window runs from September 24, 2026 (10:00 AM) to September 27, 2026 (5:00 PM)
Meeting to be held physically at the Registered Office in Bhaktinagar Inds Estate, Rajkot

💡 Eligible shareholders holding shares as on September 21, 2026, can cast their votes on AGM resolutions during September 24–27, 2026.

SAR Auto Products 39th AGM on Sep 28; Proposes MoA Entry into Defence & ₹10 Cr RPT Limit

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Aug 2026, 04:28 PM

SAR Auto Products has issued the notice convening its 39th Annual General Meeting (AGM) on September 28, 2026. Key special business includes amending the Memorandum of Association (MoA) object clause to include precision components for defence, aerospace, and naval applications. The company is also seeking shareholder approval for material related party transactions with Virani Estate Corporation up to ₹10.00 Crore, which is significant compared to its TTM revenue of ₹17 Crore. Additionally, resolutions cover the remuneration ceiling of ₹24 Lakh p.a. for Whole-Time Director Shreyas R. Virani and the regularisation of an Independent Director.

39th AGM scheduled to be held on Monday, September 28, 2026 at 11:00 AM in Rajkot.
Proposes enabling MoA amendment to enter defence, aerospace, and naval precision engineering components.
Approval sought for ₹10.00 Crore related party transactions with Virani Estate Corporation for FY27 (~59% of TTM revenue).
Approval of remuneration terms for Whole-Time Director Mr. Shreyas R. Virani up to ₹24,00,000 p.a. (₹2,00,000 per month).

💡 Track the AGM voting results on September 28, 2026, and watch for concrete business or order developments following the proposed defence/aerospace MoA expansion.

SAR Auto Products Submits FY26 Annual Report; 39th AGM Scheduled for Sept 28, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Aug 2026, 04:20 PM

SAR Auto Products Limited has submitted its 39th Annual Report for FY26 and issued the notice convening its Annual General Meeting on September 28, 2026. Key special resolutions include the approval of Whole-Time Director remuneration for Mr. Shreyas R. Virani at up to Rs. 24,00,000 per annum (Rs. 2,00,000 per month) effective April 1, 2026. The company is also seeking shareholder approval to alter its Memorandum of Association (MOA) object clause, appoint an Independent Director for a 5-year term, and approve related-party transactions.

39th Annual General Meeting scheduled for Monday, September 28, 2026 at 11:00 AM in Rajkot
Special resolution proposed for Whole-Time Director remuneration up to Rs. 24,00,000 p.a. (Rs. 2,00,000/month) through September 29, 2028
Regularization of Mr. Harsh Mukeshbhai Radiya as Independent Director for a 5-year term from August 3, 2026 to August 2, 2031
Shareholder approval sought for amending the main object clause of the Memorandum of Association and Related Party Transactions

💡 Investors should review the specific disclosures regarding the MOA object clause alterations and related-party transaction details prior to voting at the September 28, 2026 AGM.

Promoter Shreyas Virani Sells 781 Shares (0.02%) in Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Aug 2026, 10:17 AM

SAR Auto Products Ltd promoter and Whole-Time Director Shreyas R. Virani sold 781 equity shares (representing 0.02% of total voting capital) via an open market transaction on August 21, 2026. Following the sale, his individual holding marginally reduced from 27.21% (1,296,525 shares) to 27.19% (1,295,744 shares). Total promoter and PAC holding now stands at 74.19% (1,534,885 shares) compared to 74.20% earlier. Given the negligible size of the disposal, the transaction carries no fundamental impact.

781 equity shares (0.02% of share capital) sold via open market on August 21, 2026
Individual promoter holding of Shreyas R. Virani reduced from 27.21% to 27.19%
Total Promoter and PAC holding stands at 74.19% (1,534,885 shares) post-transaction
Total equity base remains unchanged at 4,764,740 equity shares (Rs 4.76 cr)

💡 Track subsequent shareholding patterns and insider filings to check if this is an isolated sale or part of a sustained promoter exit trend.

Promoter Shreyas Virani Sells 2,790 Shares (0.06% Stake) in SAR Auto Products via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Aug 2026, 10:22 AM

Promoter and Whole-Time Director Shreyas R. Virani disclosed the sale of 2,790 equity shares (0.06% of total equity capital) of SAR Auto Products Ltd on August 18, 2026, through an open market transaction. Post-transaction, his direct shareholding decreased marginally from 27.27% (12,99,315 shares) to 27.21% (12,96,525 shares). Total promoter and PAC holding now stands at 74.20% (35,35,666 shares), down from 74.26%.

Promoter Shreyas R. Virani sold 2,790 equity shares (0.06% voting capital) via open market on August 18, 2026
Individual promoter holding reduced from 27.27% (12,99,315 shares) to 27.21% (12,96,525 shares)
Combined Promoter & PAC holding marginally declined from 74.26% (35,38,456 shares) to 74.20% (35,35,666 shares)
Total diluted equity voting capital remains unchanged at 47,64,740 shares (Rs 4.76 cr)

💡 Track further promoter group transaction filings and quarterly shareholding pattern disclosures to monitor if selling continues.

Promoter Shreyas Virani Sells 2,778 Equity Shares (0.06% Stake) via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Aug 2026, 02:38 PM

Promoter and Whole-Time Director Shreyas Rameshbhai Virani disclosed the sale of 2,778 equity shares of SAR Auto Products Ltd on August 14, 2026, via the open market. This transaction represents approximately 0.06% of the company's total equity base of 47,64,740 shares. Post-transaction, the total combined holding of the promoter and PACs decreased marginally to 35,38,456 shares (74.26% of total equity) from 74.32%. Given the negligible quantum sold, the disposal has minimal operational or structural significance.

Promoter Shreyas R. Virani sold 2,778 equity shares (~0.06% stake) via the open market on August 14, 2026
Combined Promoter & PAC holding revised to 35,38,456 shares (74.26%) post-transaction
Total paid-up share capital remains unchanged at Rs 4.76 crore (47,64,740 shares of Rs 10 each)
Transaction value stands at approx. Rs 1.00 crore based on prevailing market price

💡 Track subsequent shareholding pattern filings and insider disclosures for any persistent promoter divestment trends.

2,490 shares sold by Promoter Shreyas R Virani in open market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 10:54 AM

Promoter Shreyas R Virani sold 2,490 equity shares of SAR Auto Products Ltd on August 12, 2026, through the open market. This transaction represents a marginal 0.05% reduction in the company's total equity share capital. Following the sale, the total promoter group holding has decreased slightly from 74.37% to 74.32%. Given the company's extremely high P/E ratio of 2076.9 and small TTM revenue of Rs 17 Cr, even minor promoter activity is noteworthy, though this specific volume is low.

2,490 equity shares sold by promoter Shreyas R Virani on August 12, 2026
0.05% of total equity share capital represented by the sale
74.32% total promoter group holding remaining after the transaction
4,764,740 total equity shares of Rs 10 each constitute the target company capital

💡 Investors should monitor if this minor sale is a one-off event or part of a larger trend of promoter stake reduction, especially considering the stock's high valuation multiples.

SAR Auto Products to Enter Defense and Aerospace Sectors via MoA Amendment

🔵 WATCH ⭐ 6/10

EXPANSION 📅 13 Aug 2026, 04:57 PM

SAR Auto Products' board has approved a strategic expansion of its business objects to include the design and manufacture of components for the defense, aerospace, and military sectors. This is a significant pivot for the company, which currently operates on a small scale with a TTM revenue of ₹17 Cr. The proposal is subject to shareholder approval at the upcoming 39th Annual General Meeting. Given the company's extremely high P/E ratio of 2076.9, the market appears to be pricing in aggressive future growth.

Board approved the alteration of the Memorandum of Association (MoA) on August 13, 2026.
New business scope includes precision engineering for defense, aerospace, military, and naval applications.
Company currently reports a small TTM revenue base of ₹17 Cr and PAT of ₹1 Cr.
The expansion is subject to approval by members at the 39th Annual General Meeting.
Market capitalization stands at ₹1,913 Cr despite the small current scale of operations.

💡 Investors should monitor the 39th AGM for shareholder approval and look for subsequent announcements regarding specific capital expenditure plans or defense licenses. The extremely high valuation (P/E > 2000) necessitates caution regarding execution timelines in these new high-barrier sectors.

SAR Auto Products to expand into Defense and Aerospace sectors via MoA amendment

🔵 WATCH ⭐ 6/10

EXPANSION 📅 13 Aug 2026, 04:41 PM

The Board of SAR Auto Products has approved a significant expansion of its business scope by amending the Memorandum of Association (MoA). The company intends to enter high-precision engineering for the Defense, Aerospace, and Naval sectors, moving beyond its traditional auto component focus. This strategic pivot is notable given the company's small current scale, with TTM revenue of just ₹14.35 Cr against a high market capitalization of ₹1,918 Cr. The amendment is subject to shareholder approval at the upcoming 39th Annual General Meeting.

Board approved the addition of Defense and Aerospace to Main Objects on August 13, 2026
New scope includes designing and manufacturing components for military, naval, and land systems
Company reported a TTM revenue of ₹14.35 Cr and PAT of ₹0.67 Cr for FY26
Shareholder approval will be sought at the 39th Annual General Meeting
Current P/E ratio stands at an exceptionally high 2863.2

💡 Investors should monitor the upcoming 39th AGM notice for details on the execution strategy, potential capital expenditure, and any technical tie-ups required for the defense and aerospace sectors.

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