Shanti Gold International Limited has informed the Exchange regarding 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.
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Shanti Gold International Limited 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. The company states WAC better reflects blended inventory costs and aligns with industry norms. The change was applied retrospectively from April 1, 2024, as mandated under Ind AS 8. The company's IPO of 1,80,96,000 shares was listed on BSE and NSE in August 2025. Financial results show revenue of Rs 2027.75 million in Q1 (June 2025) and Rs 4300.78 million in Q2 (September 2025), with profit after tax of Rs 343.56 million and Rs 260.03 million respectively. The auditor issued a Limited Review Report with an Emphasis of Matter paragraph noting the policy change but confirmed the opinion is not modified.
The restatement due to accounting policy change is a housekeeping matter and the auditor has not qualified the opinion. The company showed strong operational performance post-IPO with significant revenue growth. Shareholders should note the inventory valuation method change may slightly affect cost of goods sold figures across comparative periods.