Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR

Date of Board Meeting / Approval: November 04, 2026 (11:30 AM to 14:00 PM IST)

Audit Opinion: Unmodified (Clean) for both standalone and consolidated results. Limited review conducted by Walker Chandiok & Co LLP.

Auditor’s Comment: No qualifications or modifications. Reliance placed on review reports of other auditors for subsidiary and associate figures.

Key Financial Highlights [Rs. in Lakhs]

Standalone Results:

Revenue from Operations:

  • Q2 FY27: ₹14,491.43 lakhs (vs Q2 FY26: ₹11,842.09 lakhs; +22.4% YoY)
  • H1 FY27: ₹27,672.24 lakhs (vs H1 FY26: ₹23,511.62 lakhs; +17.7% YoY)

Total Income:

  • Q2 FY27: ₹14,805.98 lakhs
  • H1 FY27: ₹28,331.42 lakhs

Net Profit:

  • Q2 FY27: ₹2,980.67 lakhs (vs Q2 FY26: ₹2,117.05 lakhs; +40.8% YoY)
  • H1 FY27: ₹5,631.89 lakhs (vs H1 FY26: ₹4,214.38 lakhs; +33.6% YoY)

EPS (not annualized):

  • Q2 FY27: ₹4.98 per share (vs Q2 FY26: ₹3.63)
  • H1 FY27: ₹9.56 per share (vs H1 FY26: ₹7.27)

Other Equity:

  • As of September 30, 2026: ₹48,136.30 lakhs (vs March 31, 2026: ₹43,779.17 lakhs)

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹866.99 lakhs (vs March 31, 2026: ₹649.71 lakhs)

Debt:

  • Short-term borrowings: ₹5,071.49 lakhs (vs March 31, 2026: ₹2,934.70 lakhs)
  • Lease liabilities (current + non-current): ₹1,890.13 lakhs (vs March 31, 2026: ₹1,081.78 lakhs)

Consolidated Results:

Revenue from Operations:

  • Q2 FY27: ₹19,778.83 lakhs (vs Q2 FY26: ₹13,740.25 lakhs; +44.0% YoY)
  • H1 FY27: ₹37,998.47 lakhs (vs H1 FY26: ₹27,399.93 lakhs; +38.7% YoY)

Total Income:

  • Q2 FY27: ₹20,075.95 lakhs
  • H1 FY27: ₹38,655.71 lakhs

Net Profit (attributable to owners):

  • Q2 FY27: ₹3,475.15 lakhs (vs Q2 FY26: ₹2,485.38 lakhs; +39.8% YoY)
  • H1 FY27: ₹6,787.06 lakhs (vs H1 FY26: ₹4,763.44 lakhs; +42.5% YoY)

EPS (not annualized):

  • Q2 FY27: ₹5.82 per share (vs Q2 FY26: ₹4.27)
  • H1 FY27: ₹11.55 per share (vs H1 FY26: ₹8.25)

Other Equity:

  • As of September 30, 2026: ₹52,484.90 lakhs (vs March 31, 2026: ₹46,982.64 lakhs)

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹890.49 lakhs (vs March 31, 2026: ₹698.40 lakhs)

Debt:

  • Short-term borrowings: ₹6,395.79 lakhs (vs March 31, 2026: ₹4,756.62 lakhs)
  • Non-current borrowings: ₹1,169.88 lakhs (vs March 31, 2026: ₹1,181.98 lakhs)
  • Lease liabilities (current + non-current): ₹2,012.89 lakhs (vs March 31, 2026: ₹1,175.00 lakhs)

Segment-wise Performance:

The Company and the Group operate in only one reportable business segment: "process and product engineering". No segment-wise breakdown is provided beyond the consolidated numbers.

Corporate Actions:

Dividend:

  • Declaration of Interim dividend @100% i.e. ₹2 per equity share on 57,604,200 equity shares of ₹2 each.
  • Total Payout: ₹1,152.08 lakhs.
  • Record Date: Friday, November 13, 2026.
  • Payment Date: On or before December 03, 2026.

Bonus Issue:

  • Approval for issue of bonus equity shares in the ratio of 2:1.
  • Two bonus equity shares of ₹2 each for every one existing fully paid-up equity share of ₹2 each.
  • Capitalization amount: Up to ₹23,04,16,800 from retained earnings.
  • Subject to shareholder approval at EGM.
  • Record date to be announced later.
  • Post-bonus paid-up capital will increase to ₹34,56,25,200 divided into 172,812,600 equity shares.

Authorised Share Capital Increase:

  • Approval to alter Capital Clause of Memorandum of Association to increase authorised share capital from ₹15,00,00,000 to ₹40,00,00,000.
  • Subject to shareholder approval at EGM.

Other Significant Information:

Previous Dividend:

  • Final dividend of ₹2 per share for FY26 was paid post-AGM (held September 2, 2026) during the quarter.

Entities in Consolidation:

  • Subsidiaries: Shivalik Engineered Products Private Limited, Shivalik Bimetal Engineers Private Limited, Shivalik Bimetals Europe SRL (LLC), Italy.
  • Associate: Innovative Clad Solutions Private Limited (Share of Profit: Q2 FY27 - ₹114.36 lakhs; H1 FY27 - ₹341.67 lakhs).

Capex & Investments:

  • Significant increase in Property, Plant and Equipment (Standalone: ₹12,381.63 lakhs vs ₹11,429.00 lakhs; Consolidated: ₹16,415.43 lakhs vs ₹12,231.24 lakhs).
  • Increase in Capital Work-in-Progress (Standalone: ₹1,053.19 lakhs vs ₹678.26 lakhs).
  • Investments in mutual funds of ₹1,822.36 lakhs.

Notes on Financials:

  • The financial results are prepared in accordance with Ind AS 34.
  • Previous period figures have been regrouped/reclassified, with no material impact.
  • No exceptional items for the current period (Standalone FY26 had exceptional item of ₹79.06 lakhs).