Subject: Outcome of Board Meeting held on Monday, May 11, 2026 Ref: Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing ....
SHANTIGOLD · price
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Shanti Gold International Ltd's board approved a voluntary change in its inventory valuation method from First-In-First-Out (FIFO) to Weighted Average Cost (WAC) method, effective retrospectively from April 1, 2024. The change aligns with Ind AS 8 and is intended to provide more reliable financial statements by better reflecting blended inventory costs amid raw material price volatility. The financial impact shows mixed quarterly results - for example, Q2 (June) FY25-26 PBT increased from Rs 3,291.65L to Rs 4,589.65L under WAC, while Q3 (September) PBT decreased from Rs 5,762.44L to Rs 3,381.61L. Opening inventory decreased from Rs 12,860.25L to Rs 11,569.68L, and retained earnings as of April 2024 decreased from Rs 8,766.95L to Rs 7,801.19L. The figures remain subject to statutory audit.
This is an accounting methodology change with no direct impact on business operations or cash flows, but it affects reported profits and inventory values. Investors should note the retrospective restatement will reduce previously reported retained earnings and profits in some periods.