Shekhawati Industries Limited has informed the Exchange regarding Board meeting held on July 24, 2025.
SHEKHAWATI · price
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Shekhawati Industries' board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income fell sharply to Rs. 423.39 lakhs from Rs. 1,740.97 lakhs in the same quarter last year, but net profit rose to Rs. 281.42 lakhs (vs Rs. 235.88 lakhs), with EPS of Rs. 0.82 (vs Rs. 0.07). The company operates in textile and real estate segments. The board re-appointed Sunil Kudva & Co. as Internal Auditor and N. Ritesh & Associates as Cost Auditor for FY26. It also appointed SGCO & Co. LLP as Statutory Auditor and Dipesh Gosar & Co. as Secretarial Auditor, each for a five-year term (FY26–FY30), subject to shareholder approval. Mrs. Kalpana Mukesh Ruia, a relative of the Chairman & Managing Director, was appointed Additional Executive Director for five years. Material related-party transactions with SKI Realtech Pvt Ltd and Mrs. Ruia were approved for a five-year period. The 34th AGM was scheduled for September 10, 2025 via video conferencing.
Q1 results show a dramatic drop in revenue but improved profitability, likely driven by other income and a shift in business mix toward real estate. Multiple related-party and family-director appointments may draw governance scrutiny from shareholders, though none of the auditor changes involve a departure of the existing statutory auditor. Short-term stock reaction is likely muted as no major dividend, fundraising, or strategic shift was announced.