1. Approved and taken on record the Audited standalone and consolidated financial results of the Company for the quarter and year ended March 31, 2026 (the 'Audited Financial Results') ....
SHAH · price
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Shah Metacorp reported consolidated revenue of Rs 22,800.80 Lacs for FY26, up 18% from Rs 17,917.93 Lacs in FY25. However, profit after tax declined sharply to Rs 1,213.68 Lacs from Rs 3,260.00 Lacs in the prior year—a 63% drop. The auditors issued an unmodified (clean) opinion but drew attention to Rs 76.26 Crores in long-outstanding trade receivables from an overseas customer, against which the company has made a provision of Rs 56.89 Crores. The company completed acquisitions of 85.60% in General Capital and Holding Company and 80% in Metcorp Trading LLC, and is planning a Rs 50 Crore rights issue. Total assets nearly tripled to Rs 56,565.74 Lacs, driven by acquisitions, while borrowings increased significantly to Rs 23,908.39 Lacs. Operating cash flow remained negative at Rs 5,774.43 Lacs.
The sharp PAT decline despite revenue growth signals cost pressures or unfavorable business conditions. Large doubtful receivables and negative operating cash flow raise concerns about financial quality, though the clean audit opinion provides some reassurance. The significant increase in debt and planned rights issue indicate capital raising activities to fund growth or reduce leverage.