Board Meeting Details

The Board of Directors meeting was held on Friday, 13 November 2026, commencing at 12:30 PM and concluding at 1:45 PM.

Key Decisions and Approvals

1. Approval of Financial Results: The Board approved and adopted the Unaudited Standalone Financial Results for the quarter ended 30th September 2026, along with the Limited Review Report issued by Statutory Auditors Khandelwal Ray & Co. pursuant to Regulation 33 of SEBI Listing Regulations.

2. Management Resignation: Accepted resignation of Mr. Suresh Kumar Kejriwal, VP (Corporate Affairs) & Company Secretary, effective 13th November 2026 due to personal reasons.

3. New Appointment: Appointed Mr. Pramod Kumar Agrawal as DGM - Accounts & Finance cum Company Secretary effective 13th November 2026 in terms of Section 203 of Companies Act, 2013 and Regulation 6(1) of SEBI LODR Regulations.

4. KMP Update: Updated Mr. Pramod Kumar Agrawal as Key Managerial Personnel in place of Mr. Suresh Kumar Kejriwal for disclosure purposes. Contact details: pramod@shalimarwires.com, Phone: 9830228167.

Financial Results for Quarter Ended 30 September 2026 (Unaudited Standalone)

Profit & Loss Statement (₹ in Lacs):

  • Revenue from Operations: ₹4,348.36 (Q2 FY27) vs ₹3,598.17 (Q2 FY26) - 20.9% increase
  • Sales of Products (Net of GST): ₹4,336.35
  • Other Operating Revenue: ₹12.01
  • Other Income: ₹65.67
  • Total Revenue: ₹4,414.03
  • Total Expenses: ₹4,120.37
  • Employee benefit expenses: ₹769.94
  • Finance Cost: ₹384.00
  • Depreciation and amortization: ₹375.00
  • Other Expenses: ₹1,189.46
  • Profit before tax: ₹293.66 vs ₹148.32 (Q2 FY26) - 98% increase
  • Profit after tax: ₹293.66 vs ₹148.32 (Q2 FY26)
  • Earnings Per Share (Basic & Diluted): ₹0.69 vs ₹0.35 (Q2 FY26)

Financial Results for Half Year Ended 30 September 2026 (Unaudited Standalone)

  • Revenue from Operations: ₹8,087.82 (H1 FY27) vs ₹6,882.14 (H1 FY26) - 17.5% increase
  • Profit before tax: ₹513.41 vs ₹249.68 (H1 FY26) - 105.6% increase
  • Profit after tax: ₹513.41 vs ₹249.68 (H1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹1.20 vs ₹0.58 (H1 FY26)

Balance Sheet Position as at 30 September 2026 (Unaudited)

  • Total Assets: ₹21,977.73 Lacs (vs ₹20,984.49 Lacs as at 31 March 2026)
  • Total Equity: ₹4,833.38 Lacs (vs ₹4,319.97 Lacs as at 31 March 2026)
  • Paid-up Equity Share Capital: ₹855.10 Lacs (42,75,500 shares of ₹2 each fully paid)
  • Other Equity: ₹3,978.28 Lacs
  • Total Liabilities: ₹17,144.35 Lacs
  • Borrowings: ₹9,665.14 Lacs (Non-current: ₹7,617.60 Lacs, Current: ₹2,047.54 Lacs)

Cash Flow Statement for Half Year Ended 30 September 2026

  • Net Cash Flow from Operating Activities: ₹1,194.18 Lacs
  • Net Cash Flow from Investing Activities: (₹136.55) Lacs
  • Net Cash Flow from Financing Activities: (₹250.01) Lacs
  • Net Increase in Cash & Cash Equivalents: ₹807.62 Lacs

Shareholding Pattern

  • Public Shareholding: 1,46,61,815 shares (34.29%)
  • Promoters and Promoter Group: 2,80,93,308 shares (65.71%)
  • Pledged/Encumbered: 1,26,50,481 shares (45.03% of promoter holding, 29.59% of total capital)
  • Non-Encumbered: 1,54,42,827 shares (54.97% of promoter holding, 36.12% of total capital)

Notes to Financial Results

1. Financial results prepared in accordance with Ind AS and Regulation 33 of SEBI Listing Regulations.

2. Provisions/Adjustments not considered in accounts:

  • Contingent Liabilities as required under Ind AS-37 (quantum unascertained)
  • Provision for Current Tax and Deferred Tax Assets/Liabilities

3. Actuarial valuations under Ind AS 19 Employees Benefits to be considered at year-end.

4. Fair valuation gain/loss on investments to be considered at year-end.

5. Depreciation considered as estimated; short/excess to be adjusted at year-end.

6. Current Tax and Deferred Tax to be considered at year-end finalization.

7. Contingent Liabilities (not provided for):

  • Claims against company not acknowledged as debts: ₹77.28 Lacs
  • Income Tax demands under Appeals: ₹524.27 Lacs
  • Various Government dues (Sales Tax, GST, Excise, etc.) under Appeals: ₹811.20 Lacs
  • Liability likely to arise on re-opening of cases by various authorities: amount unascertained

Total Quantified Contingent Liabilities: ₹1,412.75 Lacs

8. Loan Details:

  • Availed Working Capital Term Loan of ₹3.51 Crore under ECLG Scheme 5.0 through Kotak Mahindra Bank, repayable in 60 months (including 12 months moratorium) from September 2026
  • Term Loan of ₹4.5 Crore, repayable in 36 months from August 2026
  • Enhanced Cash Credit Limit from ₹15 Crore to ₹20 Crore during 2025-26
  • LC facilities of ₹1.45 Crore converted to foreign currency Term Loan, repayable in 36 months from September 2025
  • Working Capital Term Loan of ₹1.92 Crore under ECLG Scheme, repayable in 60 months (with 24 months moratorium) from February 2022
  • Unsecured loans from promoters (₹13.75 Lacs) and bodies corporate (₹11.25 Lacs) repayable after settled dues of secured creditors as per BIFR Rehabilitation Scheme

Management Change Details

Resignation - Mr. Suresh Kumar Kejriwal:

  • Designation: VP (Corporate Affairs) & Company Secretary
  • Effective Date of Cessation: 13th November 2026
  • Reason: Personal Reasons

Appointment - Mr. Pramod Kumar Agrawal:

  • Designation: DGM - Accounts & Finance cum Company Secretary
  • Membership No.: ACS82111 (Associate Member of ICSI)
  • Experience: More than 17 years in Finance & Accounts, Taxation, Companies Act & other applicable laws
  • Effective Date: 13th November 2026
  • No relationship with any KMP, Senior Management or Directors

Additional Information

  • Filed pursuant to Regulation 30 read with Para A of Part A of Schedule III to SEBI Listing Regulations and SEBI Master Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
  • Limited Review Report issued by Khandelwal Ray & Co., Chartered Accountants (FR No. 302035E) represented by CA. Dipankar Biswas (Partner, Membership No.050821)