Board Meeting Details
The Board meeting commenced at 02:30 pm and concluded at 04:45 pm on August 06, 2026.
Key Decisions Approved
1. Approval of Financial Results: The Board approved the Unaudited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report issued by the Statutory Auditor.
2. Appointment of Director: The Board appointed Mr. Bal Krishna Misra (DIN: 02125239) as Additional Director & Whole-time Director designated as Executive Director for a term of 5 years with immediate effect, subject to ratification by members in the ensuing Annual General Meeting.
Financial Performance - Standalone (Quarter Ended June 30, 2026)
- Total Income/Revenue: ₹5.94 crore (₹4.40 crore in previous quarter)
- Revenue from Operations: ₹4.60 crore (₹1.49 crore in previous quarter)
- Other Income: ₹1.34 crore (₹2.91 crore in previous quarter)
- Total Expenses: ₹4.22 crore (₹3.26 crore in previous quarter)
- Profit Before Tax: ₹1.72 crore (₹1.14 crore in previous quarter)
- Tax Expenses: ₹0.38 crore (₹2.01 crore in previous quarter)
- Net Profit for the Period: ₹1.34 crore (loss of ₹0.87 crore in previous quarter)
- Earnings Per Share (Basic): ₹5.17 (loss of ₹3.36 in previous quarter)
- Earnings Per Share (Diluted): ₹5.17 (loss of ₹3.36 in previous quarter)
- Paid-up Equity Share Capital: ₹2.59 crore (face value ₹10)
Segment Performance - Standalone
- Real Estate Segment Revenue: ₹4.60 crore (₹1.49 crore previous quarter)
- Real Estate Segment Result: ₹2.13 crore profit (₹1.73 crore profit previous quarter)
- Information Technology Segment Revenue: Not reported (₹0.00 crore previous quarter)
- Information Technology Segment Result: Not reported (loss of ₹0.25 crore previous quarter)
Financial Performance - Consolidated (Quarter Ended June 30, 2026)
- Total Income/Revenue: ₹6.95 crore (₹5.49 crore in previous quarter)
- Revenue from Operations:
- Real Estate Business: ₹4.60 crore
- Jobwork: ₹1.00 crore
- Other Income: ₹1.35 crore
- Total Expenses: ₹5.24 crore (₹4.31 crore in previous quarter)
- Profit Before Tax: ₹1.71 crore (₹1.18 crore in previous quarter)
- Tax Expenses: ₹0.38 crore (₹2.01 crore in previous quarter)
- Net Profit for the Period: ₹1.33 crore (loss of ₹0.83 crore in previous quarter)
- Earnings Per Share (Basic): ₹5.14 (loss of ₹3.20 in previous quarter)
- Earnings Per Share (Diluted): ₹5.14 (loss of ₹3.20 in previous quarter)
Segment Performance - Consolidated
- Real Estate Segment Revenue: ₹4.60 crore
- Information Technology Segment Revenue: Not reported
- Job Work (Biscuit Manufacturing) Segment Revenue: ₹1.00 crore
- Real Estate Segment Result: ₹2.14 crore profit
- Information Technology Segment Result: Not reported
- Job Work Segment Result: ₹0.01 crore loss
Key Notes to Financial Statements
1. The financial results were reviewed by the audit committee and taken on record by the Board of Directors on August 06, 2026, and reviewed by Statutory Auditors under Regulation 33 of SEBI (LODR) Regulations, 2015.
2. Revenue from operations includes ₹35 lakh towards amounts withdrawn from capital reserve on revaluation of land on sale deed of flats executed during the quarter.
3. Segment reporting is based on operating segments reviewed by the company's chief operating decision maker.
4. Revenue is recognized on completed contract method for accounting, but provision for income tax is made using percentage of completion method.
5. Previous year/quarter figures have been regrouped/recasted/restated where necessary.
Auditor's Review
P.L. Tandon & Co., Chartered Accountants (FRN: 000186C), represented by Partner Girish Kumar Mittal (M. No.: 511729), issued clean review reports for both standalone and consolidated financial results, stating that nothing has come to their attention causing them to believe the statements contain material misstatements.
Availability of Results
The results are available on the company's website www.shervaniind.com and on www.bseindia.com.