Outcome of Board Meeting held on 13th September, 2025

Revenue declinedNet loss reportedNegative operating cash flowGoing-concern doubtContingent liabilities increasedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹23.48

prior close

₹22.31

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-4.9% vs market

Shipping peers, median of 8sector-0.4%-4.6% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.6 pts less than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-9.4+0.5-9.9-1.3-8.1

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-29.7-7.8-21.9-6.2-23.6

UpDownMarket · Nifty Microcap 250Sector · Shipping peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board of Directors of Shahi Shipping Ltd approved the unaudited financial results for Q2 FY26 (quarter ended September 30, 2025) and H1 FY26 (six months ended September 30, 2025). Revenue from operations fell sharply to Rs. 144.11 lakhs in Q2 FY26 from Rs. 196.79 lakhs in Q2 FY25, and H1 revenue declined to Rs. 319.88 lakhs from Rs. 502.68 lakhs. The company reported a narrower loss of Rs. 36.31 lakhs in Q2 (vs Rs. 147.65 lakhs loss last year) and Rs. 67.51 lakhs loss for H1 (vs Rs. 120.04 lakhs). Other equity remains deeply negative at Rs. (1,286.75) lakhs, indicating accumulated losses exceeding share capital. Long-term borrowings more than doubled to Rs. 600.86 lakhs, while operating cash flow turned negative at Rs. (6.78) lakhs. Auditor B.P. Shah & Co issued an unqualified limited review report.

Likely market impact

Despite narrowed losses, the company is bleeding on both operations and revenue, carries a negative net worth, rising debt, and large disputed tax liabilities — all of which raise serious going-concern concerns and make this a high-risk stock for retail investors.