Shanti Overseas (India) Limited has informed the Exchange regarding Appointment of D R N & Associates as Internal Auditor of the company w.e.f. February 13, 2026.
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Shanti Overseas (India) Limited held a board meeting on February 13, 2026, where it approved its unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. On a standalone basis, revenue from operations dropped to zero in Q3 FY26, with total income of Rs 397.88 lakhs coming entirely from other income (vs Rs 1,789.71 lakhs total revenue in Q3 FY25). Despite no operating revenue, the company posted a standalone profit of Rs 161.28 lakhs for the quarter (vs a loss of Rs 206.24 lakhs in Q3 FY25), with EPS of Rs 1.45. For 9M FY26, standalone profit stood at Rs 175.34 lakhs versus a loss of Rs 263.94 lakhs in the same period last year. On a consolidated basis (including subsidiary Shaan Agro Oils & Extractions Pvt Ltd), Q3 revenue from operations was Rs 103.32 lakhs and profit was Rs 161.94 lakhs. The Board also accepted the resignation of CFO Mr. Pankaj Agarwal (effective February 9, 2026, due to personal reasons) and appointed Mr. Sumit Suresh Bhinge as the new CFO and KMP effective February 13, 2026. Additionally, M/s D R N & Associates was appointed as Internal Auditor for FY 2025-26 and 2026-27.
For shareholders, the key concern is the complete absence of operating revenue in Q3 standalone, with profitability now driven entirely by other income, suggesting a possible business model shift or scaling down of core operations. The CFO transition appears orderly with an immediate replacement, and the new CFO brings finance and compliance experience. Investors should watch for clarity on the company's core business going forward.