Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sheshadri Industries reported FY2026 revenue of ₹2,824.65 lakh, virtually flat versus FY2025's ₹2,820.02 lakh. Net profit dropped sharply to ₹218.42 lakh from ₹837.21 lakh — a ~74% decline — because FY2025 included exceptional items of ₹479.96 lakh. The balance sheet shows negative equity of ₹874.68 lakh, accumulated losses of ₹1,706.67 lakh, and current liabilities exceeding current assets by ~₹2,896 lakh. The auditors issued a Qualified Opinion for the fourth consecutive year, citing unpaid TDS interest of ₹31.23 lakh and expired payables of ₹648.82 lakh plus expired capital advances of ₹21.33 lakh where adjustments could not be determined. The company also appointed M/s. LANS & CO as internal auditors for FY2026-27. Management states financials are prepared on going concern basis citing immovable property market values.
The repeated qualified audit opinion, negative equity, and accumulated losses signal significant financial stress. Despite marginally improved operating cash flow of ₹403.86 lakh, shareholders face elevated risk given the company's weak balance sheet and ongoing auditor qualifications.