Shivalik Bimetal Controls Ltd: Recent Developments and Financial Updates

Shivalik Bimetal Controls Ltd, a prominent player in the Metals & Mining sector, has been active with several corporate announcements and financial updates in the past week. The company, listed on the National Stock Exchange of India, specializes in manufacturing bimetal products for various industries, including automotive, aviation, electronics, medical, and domestic appliances.

Financial Performance and Unaudited Results

On August 14, 2025, Shivalik Bimetal Controls Ltd released its unaudited standalone and consolidated financial results for the quarter ending June 30, 2025. This announcement was made through newspaper publications, as per regulatory requirements. The company’s close price on August 12, 2025, was INR 497.4, with a 52-week high of INR 729.8 on October 10, 2024, and a low of INR 342 on April 6, 2025. The market capitalization stands at INR 28,652,328,728, with a price-to-earnings ratio of 39.4667.

Corporate Governance and Management Changes

Several significant corporate governance updates were announced on August 13, 2025. The company has undergone a change in auditors, as disclosed in a communication to both the BSE Limited and the National Stock Exchange of India. Additionally, there has been a re-appointment of internal auditors, tax auditors, cost auditors for one year, and secretarial auditors for five years, pending shareholder approval at the upcoming Annual General Meeting (AGM).

In terms of board composition, Shivalik Bimetal Controls Ltd has proposed the appointment of Mr. Srikant Baldi as a Non-Executive Independent Director, subject to shareholder approval. Concurrently, the retirement by rotation of Mr. G S Gill has been approved.

Management and Strategic Updates

The company has also announced a change in management, reflecting a strategic shift in its leadership. This change is part of the broader corporate updates that were communicated to the stock exchanges. Additionally, a press release dated August 13, 2025, provided further insights into the company’s strategic direction and operational focus.

Regulatory Compliance and Reclassification Request

In compliance with regulatory requirements, Shivalik Bimetal Controls Ltd has sought approval to file an application for obtaining a No Objection Certificate (NOC) regarding a reclassification request received. This step is part of the company’s ongoing efforts to align with regulatory standards and optimize its market positioning.

Conclusion

Shivalik Bimetal Controls Ltd continues to navigate through significant corporate and financial developments. The recent announcements reflect the company’s commitment to transparency, regulatory compliance, and strategic growth. Stakeholders are encouraged to review the detailed unaudited financial results and corporate updates to gain a comprehensive understanding of the company’s current standing and future prospects.