Board Meeting Details
The Board of Directors meeting was held on Monday, August 10, 2026, commencing at 04:00 PM and concluding at 05:40 PM at the Registered Office of the company in Surat, Gujarat.
Key Agenda Items Approved
1. Financial Results Approval
The Board considered and approved the Standalone Unaudited Financial Results along with the Limited Review Report for the quarter ended June 30, 2026.
2. Director Appointments
The Board approved the appointment of four Additional Directors:
- Mr. Jinesh Kanaiyalal Pandav (DIN: 09544359) as Executive Director for 5 years from August 10, 2026, subject to shareholder approval. Profile: Experience in business operations, finance, hospitality management, and outdoor catering. Associated with family business since 2015. Holds a degree in Computer Engineering.
- Mr. Nikunj Vijaybhai Prajapati (DIN: 09544361) as Executive Director for 5 years from August 10, 2026, subject to shareholder approval. Profile: Over nine years of experience in information technology and software development with expertise in full-stack web development, API integrations, and website development.
- Mr. Dishant Kanubhai Pandav (DIN: 09544360) as Executive Director for 5 years from August 10, 2026, subject to shareholder approval. Profile: Second-generation business leader with experience in business operations, management, and brand expansion in the food and hospitality sector.
- Mr. Keyur Gordhanbhai Kaklotar (DIN: 11464818) as Non-Executive Independent Director for 5 years from August 10, 2026, subject to shareholder approval. Profile: Architect with over eight years of experience in residential architecture, interior design, and turnkey project execution.
Director Relationships: Mr. Jinesh Pandav is brother of Mr. Dishant Pandav and cousin of Mr. Nikunj Prajapati. Mr. Nikunj Prajapati is cousin of Mr. Jinesh Pandav and Mr. Dishant Pandav. Mr. Keyur Kaklotar is not related to any director.
3. Company Name Change
The Board approved changing the company name from "Shantai Industries Limited" to "Radhe Dhokla Retail Limited," subject to approval of shareholders and the Ministry of Corporate Affairs, with consequent amendments to the Memorandum and Articles of Association.
4. Alteration of Memorandum Object Clause
The Board recommended alteration of the Objects Clause of the Memorandum of Association to enable the company to undertake business activities in the food and beverage sector, including food processing, packaging, and food service operations. This amendment is subject to shareholder approval at the ensuing Annual General Meeting and necessary statutory approvals.
Financial Results for Quarter Ended June 30, 2026 (Standalone Unaudited)
Income Statement Highlights (₹ in Lakhs):
- Total Income: ₹1.934
- Revenue from Operations: ₹1.934
- Other Income: ₹0.000
- Total Expenses: ₹6.930
- Cost of Materials Consumed: ₹0.600
- Employee Benefit Expenses: ₹0.016
- Other Expenses: ₹6.314
- Profit/(Loss) before Tax: ₹(4.997)
- Tax Expense: ₹0.000
- Profit/(Loss) for the period: ₹(4.997)
- Earnings Per Share (Basic & Diluted): ₹(0.067)
Comparative Figures (Quarter Ended June 30, 2025):
- Total Income: ₹160.461
- Profit/(Loss) for the period: ₹(41.039)
- EPS: ₹(0.547)
Capital Structure:
- Paid-up Equity Share Capital (Face Value ₹2 each): ₹150.000
- Other Equity: Not quantified in disclosure
Ratios:
- Debt Equity Ratio: NA
- Debt Service Coverage Ratio: NA
- Interest Service Coverage Ratio: NA
Additional Information
- The financial results were reviewed by the Audit Committee and approved by the Board of Directors.
- The results have been subjected to limited review by the statutory auditors, DSI & Co. (ICAI FRN: 127226W).
- The company has a single operating segment as per IND AS 108.
- No investor complaints were pending at the beginning of the quarter, received during the quarter, disposed during the quarter, or remaining unresolved at the end of the quarter.
- The company does not have any Holding/Subsidiary/Joint Venture/Associate concerns.