Restated Financial Results for Q1, Q2 and Q3 of FY 2025-26, along with Limited Review Report thereon, pursuant to change in accounting policy for inventory valuation

Emphasis of matterResults restatedRevenue growth above 20%Results View source PDF Explain this filing

SHANTIGOLD · price

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

+1.7%Reaction day

₹224.75

prior close

₹237.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+1.6% vs market

Gems Jewellery And Watches peers, median of 29sector+0.3%+1.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.3 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

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AI summary

Shanti Gold International Ltd has filed restated financial results for Q1, Q2, and Q3 of FY 2025-26 due to a voluntary change in accounting policy for inventory valuation from FIFO to Weighted Average Cost (WAC) method, applied retrospectively from April 1, 2024. The company's auditor J. Kala & Associates issued a Limited Review Report with an Emphasis of Matter paragraph noting this change but confirmed the opinion was not modified. For Q1 (June 2025), revenue from operations was Rs 2,027.75 million with PAT of Rs 343.56 million. For the half year (September 2025), revenue was Rs 4,300.78 million with PAT of Rs 603.60 million. The company completed its IPO in August 2025, raising Rs 3,210.16 million from equity share issuance. Inventories increased significantly from Rs 1,339.41 million (March 2025) to Rs 3,451.66 million (September 2025).

Likely market impact

The restatement due to accounting policy change is disclosed transparently. The Emphasis of Matter from the auditor indicates the policy change is highlighted but not considered a qualification. The strong revenue growth and successful IPO suggest positive momentum, though investors should note the restated comparative figures.