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Awaiting price reaction for this filing.
Shangar Decor Ltd's board, at its meeting on November 11, 2025, approved the unaudited financial results for the quarter and half year ended September 30, 2025. The company also appointed M/s. Kishan Patel and Associates, Chartered Accountants, as its Internal Auditor for a five-year period covering FY 2025-26 through FY 2029-30. Q2 FY26 revenue from operations stood at Rs. 269.70 lakhs, up from Rs. 241.37 lakhs in Q2 FY25. However, H1 FY26 net profit fell sharply to Rs. 28.67 lakhs from Rs. 87.56 lakhs in the same period last year, with EPS dropping to Rs. 0.06 from Rs. 0.17. The statutory auditor flagged that trade receivables, payables, and investments documentation are pending verification.
The internal auditor appointment is a routine compliance measure and unlikely to move the stock. However, the sharp decline in half-yearly net profit (down about 67% year-on-year) despite stable revenues may be a concern for shareholders and could draw negative attention given the auditor's emphasis-of-matter note on unverified balances.