Pursuant to the Provision of SEBI LODR regulation 2015- Outcome of the Board meeting approved Financial Results 31.03.2026
Awaiting price reaction for this filing.
Shivom Investment reported audited FY26 results with total income of Rs 349.66 lakhs (down from Rs 387.02 lakhs in FY25), representing a 14.4% revenue decline. Net profit stood at Rs 288.48 lakhs (vs Rs 370.18 lakhs), a 22% decline year-on-year. The company's EPS improved to Rs 4.48 (vs Rs 0.53) due to share capital reduction from Rs 6,995 lakhs to Rs 644 lakhs under the approved Resolution Plan under IBC. The statutory auditor issued a DISCLAIMER of Opinion citing: (1) pending equity restructuring under IBC resolution plan awaiting regulatory approvals, (2) company surrendered its NBFC license in August 2025 and is transitioning to metal manufacturing, and (3) management lacks complete access to historical books of account for asset/liability verification. Balance sheet shows total assets of Rs 3,825.18 lakhs with cash reserves of Rs 382.50 lakhs. Share capital stands at Rs 643.99 lakhs after cancellation of 6.99 crore shares and fresh issuance of 6 crore shares to the resolution applicant (who will hold ~95% stake). Trading remains suspended.
The disclaimer of opinion signals extreme uncertainty about financial reliability and going concern status. The company is in the middle of a complex insolvency resolution with incomplete historical records and no active business operations. Shareholders from the pre-IBC era face near-total dilution (1 share per 1,000 held). The stock remains suspended from trading pending exchange approval.