StockWatch
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Civil Construction
Board Meeting20 Jul 2026, 02:14 pm

SG Mart Board Approves Unaudited Results & ₹85 Cr Acquisition

AI Summary

SG Mart Ltd announced the outcome of its Board Meeting held on July 20, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Additionally, the company approved the acquisition of 100% of Tanwar Cargo Solutions Private Limited (TCSPL) for ₹85 crore, expected to be completed by December 31, 2026, making TCSPL a wholly-owned subsidiary. The Board also approved several director appointments, including Shri Sanjay Gupta as Chairman & Managing Director and Shri Rohan Gupta as Whole-time Director, subject to member approval.

Key Highlights

  • Approved Unaudited Financial Results for Q1 FY27 (Standalone & Consolidated).
  • Approved acquisition of Tanwar Cargo Solutions for ₹85 crore.
  • Acquisition expected to complete by December 31, 2026.
  • Appointed Shri Sanjay Gupta as Chairman & Managing Director.
  • Appointed Shri Rohan Gupta as Whole-time Director.