Shanti Gold International Limited has informed the Exchange regarding Outcome of Board Meeting held on May 11, 2026 regarding change in the accounting policy
SHANTIGOLD · price
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Shanti Gold International Limited has changed its inventory valuation method from First-In-First-Out (FIFO) to Weighted Average Cost (WAC) method. The change is effective retrospectively from April 01, 2024 and will apply from FY 2025-26 onwards. The company states this change provides more reliable financial reporting and better matches costs with revenues in a volatile raw material environment. The impact includes adjustments: opening inventory reduced by INR 1,290.57 lakhs, closing inventory reduced by INR 1,464.33 lakhs, retained earnings reduced by INR 965.76 lakhs, and PBT reduced by INR 173.76 lakhs.
This is an accounting policy change that will restate prior period financials, affecting reported inventory values and profitability. The WAC method typically results in smoother cost recognition. Shareholders should note the restatement impact on historical figures when comparing performance across periods.