Pursuant to Regulation 30 and Regulation 33 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today i.e. on 13th August, 2025 have ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shah Construction's board met on 13 August 2025 and approved the unaudited Q1 FY26 results (quarter ended 30 June 2025). Revenue from operations rose to Rs. 123.17 lakhs from Rs. 89.24 lakhs in Q1 FY25, but the company reported a net loss of Rs. 40.73 lakhs, almost flat versus the Rs. 40.38 lakh loss a year ago, with high finance costs of Rs. 133.93 lakhs continuing to drag profitability. Mr. Mehul Jadavji Shah (DIN 00933528), son of Mrs. Jaywanti Jadavji Shah and cousin of Mr. Sanjay Damji Shah, was appointed as Managing Director for five years without remuneration. Mr. Dinesh Keshardeo Poddar was re-appointed as a director retiring by rotation, and Mrs. Dhanraj Kothari was re-appointed as Secretarial Auditor for FY 2025-26 and as Scrutinizer for the 77th AGM scheduled for 30 September 2025.
The MD appointment without salary and from within the promoter family suggests continuity of family-led management, which is neutral for shareholders. However, persistent quarterly losses and finance costs exceeding total income remain a concern for the stock, indicating continued stress on profitability despite modest revenue growth.