Book closure intimation enclosed.
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Shricon Industries reported weak Q1 FY26 results with revenue from operations collapsing to just Rs. 2.37 lacs, down sharply from Rs. 34.22 lacs in the previous quarter (Q4 FY25) and Rs. 19.42 lacs in Q1 FY25 — an over 85% year-on-year decline. The company slipped back into a loss with a Profit After Tax of Rs. (4.78) lacs versus a profit of Rs. 7.87 lacs in Q4 FY25, though slightly better than the Rs. (8.39) lacs loss in the year-ago quarter. The board approved the unaudited results along with a clean (unmodified) limited review report from statutory auditors R S Dani & Co. The board also announced the 39th AGM on August 29, 2025, with book closure from August 23 to August 29, and set August 22 as the e-voting cut-off date. New appointments include Mr. Praveen Chandna as Independent Director, Mr. Girish Suman as CFO, and M/s Bharat Rathore & Associates as Secretarial Auditor for a 5-year term. Material related party transactions with Career Point Edutech Ltd and Career Point University, Hamirpur have been flagged for shareholder approval.
Shareholders should note the steep revenue fall and continued quarterly losses as a key concern, though the smaller loss versus Q1 FY25 offers minor relief. Management reshuffling and large related party transactions with Career Point group companies warrant attention and careful review before voting at the AGM.