Outcome of Board Meeting held today i.e. 13th November, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shyamkamal Investments reported a strong turnaround for Q2 FY26 with revenue from operations rising to ₹69.99 lakhs from ₹26.88 lakhs in Q2 FY25 (up ~160%). The company swung to a profit of ₹21.96 lakhs versus a loss of ₹18.59 lakhs in the same quarter last year. For the half year ended September 2025, total revenue grew to ₹118.43 lakhs (vs ₹54.43 lakhs) with a profit of ₹19.77 lakhs against a loss of ₹19.10 lakhs earlier. The board declared an interim dividend of ₹0.10 per share (1% of face value). However, the auditor's limited review flagged serious concerns: the company has not maintained an audit trail in its accounting software as required by law, ₹95.24 lakhs outstanding from a joint venture partner could not be independently verified, and bank balances with HDFC and Canara Bank could not be confirmed due to missing statements.
Strong headline profit recovery and dividend declaration are positive for shareholders, but the auditor's emphasis on missing audit trail, unverifiable JV receivables, and unconfirmed bank balances raises governance and reliability concerns that could weigh on investor confidence and stock sentiment.