Outcome of Board Meeting held today i.e. Wednesday, 20th May, 2026 and Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
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Shyamkamal Investments Ltd reported FY2026 audited standalone financials with total income of ₹182.94 lakh and net profit of ₹23.25 lakh. However, the auditor issued a Qualified Opinion. Without the reclassification of equity shares from FVTPL to FVTOCI (which inflated reported profit by ₹72.17 lakh), the company would have shown a net loss of ₹48.93 lakh. The board approved appointment of Ms. Ankita Singh as Company Secretary and Compliance Officer, and M/s. A R Rathod & Associates as Internal Auditor for FY2026-27. The company raised ₹1,291.50 lakh via preferential allotment of 12.91 crore shares at ₹10 each in December 2025. Key audit concerns include unverifiable bank balances (HDFC Bank and Canara Bank) and incomplete audit trail implementation in new accounting software. Net worth stands at ₹1,952.72 lakh with total assets of ₹3,132.73 lakh.
The qualified audit opinion and the artificial profit inflation through investment reclassification signal weak financial controls and governance concerns. Shareholders should note that the reported profit is largely a bookkeeping choice rather than operational performance improvement.