Shradha Infraprojects Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Shradha Realty (formerly Shradha Infraprojects) submitted its Q3 FY26 and nine-month FY26 unaudited financial results (standalone and consolidated) for the quarter and period ended December 31, 2025. Statutory auditors V.K. Surana & Co. issued an unqualified limited review report. On a standalone basis, revenue from operations for Q3 FY26 stood at Rs. 502.45 lakhs versus Rs. 552.04 lakhs in Q3 FY25, and for 9M FY26 at Rs. 1,107.34 lakhs versus Rs. 1,254.80 lakhs in 9M FY25 — a year-on-year decline. The board approved a material related party transaction of Rs. 15,000 lakhs (Rs. 150 crore) as an inter-corporate loan to its wholly owned subsidiary Suntech Infraestate Nagpur Pvt Ltd, which will require shareholder approval via postal ballot from Feb 19 to Mar 20, 2026. The board also deferred the proposed Scheme of Merger/Amalgamation. Notably, the step-down subsidiary Digvijay Shradha Infrastructure recognized a provision for an unrecoverable advance of Rs. 1,250 lakhs given to Infasian Construction Pvt Ltd (legal proceedings initiated), impacting consolidated 'Other Expenses' and EPS. The company recently raised Rs. 121.50 crores via a Rights Issue (subscribed 103.05%) in October 2025.
Investors should note the YoY revenue decline on a standalone basis and the provision taken for an unrecoverable receivable at the subsidiary level. The Rs. 150 crore material related party loan to the wholly owned subsidiary — already aligned with the Rs. 75 crore Rights Issue deployment plan — needs shareholder approval and is a governance point to watch.