Pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting ....
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Shah Construction Company Limited's board, at its meeting on 29th May 2025, approved the audited financial results for Q4 and full year ended 31st March 2025. Revenue from operations grew about 33% to Rs. 371.30 lakhs (from Rs. 279.93 lakhs last year), but the company reported a wider net loss of Rs. 269.07 lakhs versus Rs. 243.82 lakhs in FY24. Other equity remains deeply negative at Rs. (9,552.05) lakhs, and operating cash outflow worsened to Rs. (637.43) lakhs from Rs. (420.30) lakhs. The statutory auditor, M/s Mittal & Associates, issued an unmodified (clean) opinion on the results. No dividend was recommended for FY25. Additionally, the redemption of 48.2 lakh 0.1% cumulative redeemable preference shares (face value Rs. 100 each), originally due on 14th May 2025, has been extended by six years to 14th May 2031.
Despite top-line growth, shareholders face continued losses, a deeply negative net worth, and worsening cash burn, signalling serious financial stress. The preference share redemption extension avoids an immediate payout crunch but pushes the obligation six years out. No dividend and persistent losses make this a high-risk, low-confidence setup for retail investors.