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Corporate Actions
Sundaram Brake Linings appoints Hari S as CFO

09-Mar-26   14:49 Hrs IST
Hari S is a Fellow Chartered Accountant (FCA) with 30+ years of experience in finance, accounts, banking, taxation, project finance, and corporate financial management. He has served as GM (F&A) at NTADCL and Chief Finance Manager at ITI Limited, leading financial restructuring, consortium banking, fundraising, statutory compliance, and board-level reporting. Hari has extensive experience in corporate debt restructuring, multi-bank consortium management, and complex financial negotiations, with a proven record of turnaround management, profitability improvement, and strategic financial oversight across listed entities and large infrastructure projects.

Sundaram Brake Linings manufactures asbestos-free friction materials.

The company reported a standalone net loss of Rs 1.24 crore in Q3 FY26, compared with a net profit of Rs 0.89 crore recorded in Q3 FY25. Revenue from operations for the period under review declined 4.7% year-on-year (YoY) to Rs 84.19 crore.

Shares of Sundaram Brake Linings fell 3.45% to close at Rs 560 on the BSE.

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