Shantai Industries Ltd

Meeting Details

• Date: Oct 21, 2026; Time: 4:00 PM; Venue: Shop 10, 2nd Floor, Agrasen Point, Citylight Road, Bharthana, Surat.

Key Agenda Items

• Consider standalone unaudited financial results with Limited Review Report for quarter and half-year ended Sep 30, 2026.

Other Notes

• Trading window closed from Oct 01, 2026 till 48 hours after results declaration for Sep 30, 2026.

AGM Details

• Held on 29 September 2026 via VC/OAVM at 4:00 PM IST; concluded 4:19 PM.
• Quorum present; notice issued electronically; e-voting window 26–28 September 2026.

Key Resolutions

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Vasudev Fatandas Sawlani as Whole-Time Director.
• Ordinary: Re-appoint M/S. DSI & Co. as Statutory Auditors for five-year term to 2030-31.
• Special: Approve appointment and remuneration of Jinesh Kanaiyalal Pandav as Executive Director.
• Special: Approve appointment and remuneration of Dishant Kanubhai Pandav as Executive Director.
• Special: Approve appointment and remuneration of Nikunj Vijaybhai Prajapati as Executive Director.
• Special: Appoint Keyur Gordhanbhai Kaklotar as Non-Executive Independent Director for five years.
• Special: Increase the overall borrowing limits under Section 180.
• Special: Approve loans, guarantees or security under Section 185.
• Special: Approve loans, investments, guarantee or security under Section 186.
• Special: Change the company name and alter MOA/AoA.
• Special: Alter Object Clause in MOA.
• Special: Approve and ratify Related Party Transactions.

Voting Status

• Voting results pending; to be declared after Scrutinizer's report and uploaded on the company site.

Shantai Industries Limited: trading window closed from October 1, 2026 till 48 hours after announcement of unaudited financial results for the quarter and half year ended September 30, 2026.

Financial performance

• Revenue from operations: 981.200 Lakh.
• Total revenue: 988.784 Lakh.
• Profit before tax: (127.821) Lakh; tax: 3.532 Lakh; net loss: (131.353) Lakh.
• Earnings per share: (1.751) Rs per share (basic/diluted).
• Dividend: no dividend declared for FY2025-26.
• Cash and cash equivalents at year-end: Rs 70.30 Lakh.

Capital structure & equity

• Equity shares split: 15,00,000 shares of Rs 10 to 75,00,000 shares of Rs 2.
• Paid-up share capital: Rs 150.0 Lakh.
• End-year equity shares: 75.00 Lakh; promoter holding about 74.40%.
• Share count after split: 75 lakh; par value Rs 2.

Strategic shift and transformation

• Change in ownership and management; shift towards Food & Beverage.
• Change of name to Radhe Dhokla Retail Limited; regulatory approvals pending.
• MOA/objects amended to pursue F&B and renewable energy.
• Plan to operate restaurants, cloud kitchens, QSRs; energy projects.

Governance & board changes

• Executive Directors appointed: Jinesh Pandav, Dishant Pandav, Nikunj Prajapati, effective Aug 10, 2026.
• Remuneration for Executives: Rs 1,00,000 per month each.
• Keyur Kaklotar appointed as Non-Executive Independent Director for five years.
• Independent Directors met on Mar 2, 2026; multiple board/committee meetings held in 2025-26.

Borrowing & capital management

• Board authorized to borrow up to Rs 100 Crores; asset pledge permitted.
• Section 186 limits raised to Rs 300 Crores for loans/investments.
• Long-term borrowings: Rs 0 as of 31-03-2026; Rs 290.0 Lakh in prior year.

Related party transactions & name change

• Related party: Radhe Dhokla Private Limited; aggregate RPT up to Rs 6.70 Crores.
• Movable assets lease with Radhe Dhokla; Rs 10 Lakh monthly rent; Rs 5.50 Crore security.
• Lease term: 1 year; RPT on arm's length terms.
• Name change to Radhe Dhokla Retail Limited awaiting approvals; certificate obtained under Reg 45.

Risk, outlook & ESG

• Outlook: cautious positive due to domestic textile demand and new F&B focus.
• Strategy: diversify product portfolio; expand customer base; enhance operations efficiency.
• Key risks: raw material price volatility, currency, cyber security, regulatory changes, liquidity.
• CSR: not applicable; company not required to spend under Regulation 135.

AGM Details

• Date, time, mode: 29 September 2026, 4:00 PM, via VC/OAVM.
• Voting cut-off: Sept 22, 2026; remote e-voting window Sept 26–28, 2026.

Ordinary Business

• Adopt audited financial statements for the year ended 31 March 2026.
• Re-appoint Vasudev Sawlani as Whole-Time Director, liable to retire by rotation.
• Re-appoint M/S DSI & Co as Statutory Auditors for five-year term.

Special Business

• Appoint Jinesh Pandav as Executive Director for five years; ₹1,00,000 per month.
• Appoint Dishant Pandav as Executive Director for five years; ₹1,00,000 per month.
• Appoint Nikunj Prajapati as Executive Director for five years; ₹1,00,000 per month.
• Appoint Keyur Kaklotar as Non-Executive Independent Director for five years.
• Increase borrowing limit to ₹100 crore; authorize pledge or mortgage of assets.
• Approve loans, guarantees or security under Section 185 up to ₹100 crore.
• Approve loans/investments/guarantees/security under Section 186 up to ₹300 crore.
• Change name to Radhe Dhokla Retail Limited; amend MOA and AOA.
• Alter MOA to include F&B and renewable energy objects.
• Ratify related party lease with Radhe Dhokla Private Limited; ₹10 lakh rent monthly; ₹5.5 crore security.

Auditor Appointments

• Re-appoint M/S DSI & Co as Statutory Auditor for five years.
• Remuneration for 2026-27: ₹1.80 lakh; future fees fixed by Board.

Transaction details

• Target: Shantai Industries Limited, listed on BSE.
• Acquirer group: Radhe Dhokla Private Limited.
• PACs: Dishant Kanubhai Pandav; Nikunj Vijaybhai Prajapati; Jinesh Kanaiyalal Pandav; Pradipkumar Vijaybhai Pandav.
• Acquirer not part of promoter/promoter group.
• Exchanges: Shantai listed on BSE Limited.
• Pre-acquisition voting rights held: 0.00%.
• Acquisition: 55,80,000 shares, 74.40% of voting capital.
• Mode: Off Market Agreement pursuant to share purchase.
• Date of acquisition: 17-08-2026.
• Equity share capital before: 75,00,000 equity shares of Rs 2 each.
• Equity share capital after: 75,00,000 equity shares of Rs 2 each.
• Total diluted share/voting capital after acquisition: 75,00,000.
• Post-acquisition voting rights: 74.40%.
• Encumbrances: none reported.

Key transaction details

• Target company is Shantai Industries Limited.
• Disclosing parties: Vasudev Fatandas Sawlani, Murlibhai Fatandas Sawlani, Harishbhai Fatandas Sawlani, Disha Murlidhar Sawlani, Reena Harish Sawlani (Promoter group).
• Transaction type: Disposal of shares via off-market agreement.
• Pre-transaction holding: 55,80,000 shares (74.40% voting rights).
• Shares sold: 55,80,000 (74.40%), off-market.
• Post-transaction holding: 0 shares (0%).
• Date of transaction: 17-08-2026.
• Share capital context: before/after equity capital 75,00,000 shares; unchanged.
• Total diluted share capital after: 75,00,000.

Financial results

• Standalone unaudited quarterly results for quarter ended 30 June 2026 approved with Limited Review Report.

Board appointments

• Appointed Jinesh Pandav as Executive Director for five years from Aug 10, 2026, liable to retirement by rotation.
• Appointed Nikunj Prajapati as Executive Director for five years from Aug 10, 2026.
• Appointed Dishant Pandav as Executive Director for five years from Aug 10, 2026.
• Appointed Keyur Gordhanbhai Kaklotar as Independent Director for five years from Aug 10, 2026.

Corporate actions

• Name change to Radhe Dhokla Retail Limited subject to shareholders and MCA approvals.
• MOA Object Clause altered to enable food and beverage sector; subject to AGM and regulatory approvals.

Regulatory / disclosures

• No investor complaints received during the quarter.

Meeting Details

• Board meeting on August 10, 2026 at 04:00 PM at registered office, Surat.

Key Agenda Items

• To consider and approve standalone unaudited quarterly results for quarter ended June 30, 2026, with LRR.

Other Notes

• No other material governance or regulatory actions disclosed.