AGM Details

  • Date: Tuesday, July 7, 2026
  • Time: 11:30 AM IST
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Book Closure: July 1, 2026 to July 7, 2026 (both days inclusive)
  • Cut-off Date: June 30, 2026 for determining voting eligibility

Financial Highlights (Standalone)

| Particulars | FY 2025-26 (₹ in Lakhs) | FY 2024-25 (₹ in Lakhs) |

| Revenue from Operations | 1,511.24 | 413.02 |

| Other Income | 11.87 | 0.71 |

| Total Income | 1,523.11 | 413.73 |

| Total Expenses | 1,487.37 | 509.71 |

| Profit/(Loss) Before Tax | 35.74 | (95.98) |

| Tax Expense | 20.68 | (21.41) |

| Profit/(Loss) After Tax | 15.06 | (74.57) |

| Earnings Per Share (Basic & Diluted) | 0.02 | (0.16) |

Business Segments

The Company operates across two reportable segments:

1. Trading in Solar Generating System and Ancillaries

2. Manufacturing of Industrial Bags and Related Items

Capital Structure Changes

  • Authorized Share Capital: Increased from ₹5.00 crore to ₹9.00 crore during previous financial year
  • Paid-up Share Capital: Increased from ₹4.56 crore to ₹7.56 crore through preferential allotment of 3,00,00,000 equity shares at ₹1.50 per share (including premium of ₹0.50 per share) to 13 allottees from non-promoter/public category
  • Preferential Issue Proceeds: ₹4.50 crore fully utilized for working capital requirements, business expansion, and general corporate purposes without deviation

Key Financial Reclassifications

  • Sundry creditors aggregating ₹258.25 lakhs reclassified as Long-Term Borrowings pursuant to Board approval and revised terms with respective parties
  • Lease liability accounting under Ind AS 116 not applicable as existing lease agreements expired in March 2026

Capital Expenditure and Projects

Capital Work-in-Progress: ₹732.52 lakhs comprising:

  • Solar Power Plant development (Solar Project Kusum)
  • Construction of manufacturing premises for FIBC Bags unit

All expenditures incurred towards these ongoing projects appropriately capitalized under CWIP pending completion and commercial operations commencement.

Board of Directors Composition

As on March 31, 2026:

  • Total Directors: 5
  • Executive Directors: 2 (Managing Director and Executive Director)
  • Non-Executive Directors: 3 (including 2 Independent Directors and 1 Woman Director)

Key Managerial Personnel:

  • Mr. Prafulbhai Parshottambhai Bavishiya (Managing Director)
  • Mr. Ghanshyam K. Gajera (CFO)
  • Mr. Deepank Agrawal (Company Secretary)

Board and Committee Meetings

  • Board Meetings: 6 meetings held during FY25-26 (May 6, May 29, August 1, August 28, November 13, February 4)
  • Audit Committee: 4 meetings held
  • Nomination & Remuneration Committee: 1 meeting held
  • Stakeholders Relationship Committee: 4 meetings held

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • Entire net profit of ₹15.06 lakhs retained in Profit and Loss Account (Surplus in Other Equity)
  • No amount transferred to General Reserve

Related Party Transactions

All transactions with related parties conducted in ordinary course of business and at arm's length basis. Prior approvals obtained from Audit Committee where required. Details disclosed in Note 22 of Financial Statements.

Foreign Exchange Transactions

  • Foreign Exchange Earnings: ₹34.84 lakhs (FY25: Nil)
  • Foreign Exchange Outgo: Nil (FY25: Nil)

Corporate Governance

Company exempt from corporate governance reporting requirements under Regulation 15(2)(a) of SEBI LODR Regulations as paid-up equity capital (₹7.56 crore) and net worth are below prescribed thresholds.

Risk Management Framework

Company has established risk management framework identifying key risks including regulatory changes, currency fluctuations, manufacturing & supply chain risks, technological changes, new capital investments return, and litigation risks.

Internal Financial Controls

Adequate internal financial controls systems established and operating effectively as confirmed by statutory auditors.

Important Dates

  • Remote E-voting Period: July 4, 2026 (9:00 AM) to July 6, 2026 (5:00 PM)
  • AGM Date: July 7, 2026 at 11:30 AM
  • Query Submission Deadline: July 2, 2026 by 5:00 PM

Electronic Availability

Annual Report and AGM Notice available on:

  • Company website: www.shivamshree.com
  • BSE website: www.bseindia.com
  • E-voting portal

#Tags: #ShivamshreeBusinesses #AnnualReport #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Neutral