Shanti Gold International Limited Clarification on Financial Results

Summary of Company's Response

Shanti Gold International Limited has provided a formal clarification to the National Stock Exchange of India Limited (NSE) regarding its financial results for the quarter ended June 30, 2026 (Q1 FY2027).

Date and Nature of Exchange Query

The company is responding to a communication from the NSE's Listing/Compliance Department dated September 08, 2026. The exchange sought clarification on the Financial Results submitted by the Company on August 13, 2026, for two specific observations:

1. That the financial results did not appear to be in the format prescribed under Schedule III of the Companies Act, 2013 / applicable Indian Accounting Standards.

2. That identical figures had been reported in the Standalone and Consolidated Statement of Profit and Loss.

Company's Clarification on Trading Volume and Financial Results

The company clarifies that the identical figures in its Standalone and Consolidated Financial Results are due to the recent incorporation of its wholly-owned subsidiary, Shanti Gold Jewellery Trading L.L.C. S.O.C., in Dubai, UAE on May 13, 2026.

For the first time, the company was required to prepare Consolidated Financial Results in accordance with Ind AS 110 - Consolidated Financial Statements. However, during the period from its incorporation (May 13, 2026) until the quarter end (June 30, 2026), the subsidiary had not commenced business operations nor undertaken any financial transactions. Consequently, it had no assets, liabilities, income, or expenses for the quarter. This resulted in no impact from consolidation, making the Standalone and Consolidated Financial Results identical.

Regulatory Compliance Reference

The company confirms that both the Standalone and Consolidated Financial Results were prepared in accordance with:

  • Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Schedule III of the Companies Act, 2013
  • Applicable Indian Accounting Standards

The results were approved by the Board of Directors at its meeting held on August 13, 2026.