Outcome of Board Meeting for approval of unaudited financial results for the quarter and nine months ended December 31, 2025
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Sharika Enterprises' board, at its meeting on February 12, 2026, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Standalone revenue from operations fell to ₹1,593.33 lakhs in Q3 FY26 from ₹2,085.71 lakhs in Q3 FY25, while the company reported a loss after tax of ₹244.20 lakhs in the quarter (vs. a profit of ₹59 lakhs a year ago). For the nine months, standalone loss widened to ₹517.78 lakhs from ₹335.21 lakhs, with revenue at ₹5,343.23 lakhs. Consolidated nine-month loss was ₹661.44 lakhs. The board also approved the appointment of Mr. Sanjay Verma (DIN: 08139841) as the new Chief Executive Officer, effective April 1, 2026. Mr. Verma is a power-sector veteran with nearly 35 years of experience in smart grids, SCADA, distribution automation and utility digitization, and already serves as a director on two of the company's subsidiaries (Sharika Smartec and Contronics Switchgear India).
The results are weak — declining revenue and deeper losses both year-on-year and sequentially — which is likely to weigh on the stock in the short term. The CEO appointment brings in a senior industry specialist, which may be viewed positively over the longer term as the company focuses on its EPC business in power, railways and oil & gas.