Outcome of Board Meeting held on Thursday 6th November,2025 for discussion of financial results of Quarter ended 30th September,2025
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Shelter Infra Projects Limited's board, at its meeting on 6 November 2025, approved the unaudited financial results for the quarter and six months ended 30 September 2025. Statutory auditor BCAG & Associates issued an unqualified limited review report, finding no material misstatement. The company also filed its half-yearly related party transactions disclosure on a consolidated basis and submitted a statement of deviation/variation, which was marked 'Not Applicable' since no funds were raised via public issue, rights issue, or QIP during the quarter. A note in the results flags a long-pending legal dispute over an MES (Military Engineering Services) contract cancelled in 2014, with the matter still pending in Alipore Court. Total assets stood at Rs. 3,162.21 lakhs as of 30 September 2025, down from Rs. 3,343.54 lakhs as of 31 March 2025, while equity edged up marginally to Rs. 390.49 lakhs.
A clean (unqualified) auditor review is a positive signal, but shrinking total assets and rising current liabilities suggest working capital pressure. Shareholders should watch the pending MES litigation outcome and monitor cash flow trends given the modest equity base.