Appointment of Additional Non-executive and Independent Director of the Company
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Shyamkamal Investments Ltd announced multiple decisions from its 11 February 2026 board meeting. Ms. Aesha Harsh Shah was appointed as an Additional Non-Executive and Independent Director, and the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were reconstituted. The company reported Q3 FY26 standalone profit after tax of Rs. 52.31 lakhs (vs Rs. 21.96 lakhs in Q2 FY26 and a loss of Rs. 35.37 lakhs in Q3 FY25), with 9M FY26 PAT of Rs. 72.08 lakhs versus a loss of Rs. 54.46 lakhs a year ago. The company also disclosed a shift of its registered office from Mumbai to Ahmedabad (subject to shareholder approval) and confirmed full utilisation of Rs. 12.92 crore raised via a December 2025 preferential issue for working capital, with no deviation reported.
The sharp swing to profitability and successful fund raise are positive signals, but the auditor flagged serious governance weaknesses — no audit trail in accounting software, unverifiable bank balances with HDFC and Canara, and Rs. 75 lakhs outstanding from a joint venture party that cannot be confirmed — which investors should weigh against the headline results.