Outcome of Board meeting for approval of financial results for quarter ended 31/12/2025
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Awaiting price reaction for this filing.
The Board of Directors of Shahi Shipping Limited approved the unaudited financial results for the third quarter ended 31st December 2025 at its meeting held on 11th February 2026. For the nine-month period (April to December 2025), the company reported a sizeable loss of roughly Rs. 357 lakhs at the PAT level, largely driven by a one-time exceptional item of about Rs. 577 lakhs that hit profitability. On a standalone Q3 FY26 basis, the company just about broke even with a small profit of Rs. 0.97 lakh (EPS of Rs. 0.01). The statutory auditor, B.P. Shah & Co., issued a clean limited review report with no qualifications, adverse remarks, or going-concern flag. The filing also restates existing tax-related contingent liabilities - a service tax demand of Rs. 7.17 crore and a State GST demand of Rs. 14.13 lakh - both under appeal with no provision made in the books.
Continued losses, the sizeable exceptional write-off, and pending tax disputes worth several crores are red flags for retail investors and could keep the stock under pressure. The small Q3 profit is not enough to offset the cumulative YTD loss, so recovery in the stock may depend on the final quarter's performance and resolution of the tax matters.