Announcement under Regulation 30 (LODR)
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The board of Shyamkamal Investments met on 11 February 2026 and approved several items. Ms. Aesha Harsh Shah (DIN: 10423365), a Company Secretary with an MBA in Finance & HR, was appointed as an Additional Non-Executive Independent Director; she is not related to any existing director. The Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were reconstituted, with Ms. Shah added to all three. The company swung to a profit of ₹52.31 lakhs in Q3 FY26 (vs a loss of ₹35.37 lakhs in Q3 FY25), with 9-month FY26 profit at ₹72.08 lakhs vs a loss of ₹54.46 lakhs a year ago. The registered office is being shifted from Mumbai (Maharashtra) to Ahmedabad (Gujarat), subject to shareholder approval. The company also confirmed full utilization (₹12.915 crore) of the preferential issue proceeds raised on 12 December 2025, with no deviation reported.
The turnaround from loss to profit is a positive signal for shareholders, though it comes alongside governance red flags raised by the auditor. Investors should note the auditor's qualifications about non-maintenance of audit trail in accounting software, unverified bank balances (HDFC, Canara), and uncertainty around ₹75.07 lakhs recoverable from a JV party.