Shivamshree Businesses Ltd has informed BSE that the Board of Directors of the Company considered and approved Audited Standalone Financial Results for the quarter and Financial Year ended ....
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd reported strong FY26 results with revenue growing 266% to Rs. 1,511.24 lakhs from Rs. 413.02 lakhs in FY25. The company returned to profitability with PAT of Rs. 15.06 lakhs versus a loss of Rs. 74.57 lakhs in the previous year. The Board approved a preferential allotment of up to 1,43,50,000 equity shares at Rs. 2.25 per share, raising up to Rs. 3.22 crore. All five allottees are related parties belonging to the Bavishiya family, including Managing Director Prafulbhai Bavishiya who will receive 30 lakh shares. The auditors issued an unmodified opinion. The company is investing in a Solar Power Plant and own manufacturing premises for FIBC Bags, with Rs. 732.52 lakhs in capital work-in-progress.
Shareholders should note the turnaround from loss to profit and massive revenue growth, though the large related party preferential issue may dilute existing holdings. The negative operating cash flow of Rs. 281.49 lakhs warrants monitoring despite the profit.