Shashijit Infraprojects Ltd

Status of Vapi lease dispute

• Dispute relates to leased property from Vapi Municipal Corporation.
• Hearing listed for Aug 14, 2026; could not be taken up, adjourned to Sep 14, 2026.
• Case remains pending; no adjudication on merits as of disclosure date.

Appointment: Asha Shravankumar Khedia

• Appointment of Additional Director (Non-Executive, Independent) effective 24 August 2026.
• Term: five years up to 23 August 2031, subject to shareholders' approval.
• Reason: recommended by the Nomination and Remuneration Committee.
• Profile: Company Secretary; ICSI Associate Member; 13+ years in governance, compliance, and corporate advisory.
• Not related to any other director.
• Not debarred by SEBI or authorities.

Appointment: Santosh Kumar Purohit

• Appointment of Additional Director (Non-Executive, Independent) effective 24 August 2026.
• Term: five years up to 23 August 2031, subject to shareholders' approval.
• Reason: recommended by the Nomination and Remuneration Committee.
• Profile: Civil Engineer; B.E. in Civil; 35+ years in construction, engineering consultancy, project management.
• Not related to any other director.
• Not debarred by SEBI or authorities.

Litigation update

• Hearing in Gujarat High Court on 15 July 2026; case pending.
• Matter to be listed for orders on 14 August 2026; no merits order yet.

Reg 74(5) certificate

• Regulation 74(5) certificate for the reporting period received from the RTA.

Litigation status: Vapi lease dispute

• Hearing before Hon'ble High Court of Gujarat on 6 July 2026; adjourned to 16 July 2026.
• No adjudication on merits as of date; matter remains pending.

Financial Performance 📊

• Total revenue for nine months ended Dec 31, 2025, was ₹23.07 crore, up from ₹17.14 crore year-on-year.
• Cost of materials consumed was ₹8.20 crore, with a negative inventory change of ₹1.22 crore for nine months.
• Employee benefits expenses were ₹1.32 crore, finance costs ₹65.22 lakh, depreciation ₹7.36 crore, and other expenses ₹7.61 crore.
• Loss before tax and net loss after tax were both ₹1.32 crore for the nine months ended Dec 31, 2025.
• Basic and diluted EPS were negative ₹0.26 per share for the nine months.
• Statutory auditors reviewed results with no material misstatements noted.

Business Model & Segments

• Operates solely in India in construction and engineering with no subsidiaries or joint ventures.

🗓️ Meeting Details

• Board meeting scheduled for Friday, 13 February 2026.

📊 Financial Results

• Consider and approve unaudited standalone financial results for quarter and nine months ended 31 December 2025.