Shivamshree Businesses Limited has informed BSE that the Board of Directors of the Company has considered and approved Unaudited Standalone Financial Results for the quarter ended June 30, 2025.
Awaiting price reaction for this filing.
Shivamshree Businesses' board approved unaudited standalone results for the quarter ended June 30, 2025, on August 1, 2025. Revenue from operations jumped sharply to Rs 268.94 lakh from Rs 88.12 lakh in the same quarter last year, a growth of about 205%. However, the net loss widened significantly to Rs 46.89 lakh from Rs 6.40 lakh a year ago, with the loss per share at Rs 0.06. The statutory auditor issued a qualified opinion, stating they could not confirm balances for trade receivables, trade payables, and loans & advances due to missing balance confirmations. This qualification has appeared repeatedly. The auditor also flagged an emphasis of matter on the issuance of 3 crore equity shares at Rs 1.50 each (raising Rs 4.5 crore) and noted that closing stock was certified by management only without independent verification.
Despite strong revenue growth, widening losses and a repeated qualified auditor opinion on receivables and payables are concerning for shareholders and may keep the stock under pressure. The fresh equity infusion of Rs 4.5 crore provides some funding support but also indicates dilution risk.