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BSEShelter Infra Projects Ltd-$· ConstructionHighNeutral
Announced Wed, 27 May, 2026 · 17:43 IST

In pursuant to regulation 30 of SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015 we are enclosing Audited Financial Results for the Quarter ended 31st March, 2026

Qualified OpinionRevenue DeclinePat NegativeEmphasis Of MatterResults View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-4.4% vs market
Civil Construction peers, median of 100sector-1.6%-3.4% vs sector

On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 3.4 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Shelter Infra Projects Limited (formerly CCAP Limited) reported audited financial results for Q4 FY26 with revenue from operations of Rs 54.92 lakhs and a net loss of Rs 3.99 lakhs for the quarter. For the full year FY26, revenue declined to Rs 221.25 lakhs from Rs 238.49 lakhs in FY25, representing approximately 7% revenue decline. However, the company turned profitable on a full-year basis with PBT of Rs 24.06 lakhs compared to a minimal loss in the previous year. The auditor issued a modified opinion citing two key concerns: non-provisioning of lease rent liability for 999-year municipal land lease under Ind AS-115, and inability to determine fair value of non-current equity investments worth Rs 194.30 lakhs affecting OCI.

Likely market impact

The revenue decline combined with auditor's modified opinion and unresolved legal disputes (including a MES contract cancellation case pending in court) signal elevated risk. The fair value uncertainty on Rs 194.30 lakhs investments and lease rent liability could materially impact future financials if provisioned.