Shervani Industrial Syndicate Ltd

AGM Details

• AGM held on 23 Sep 2026, 11:30 AM–1:05 PM, physical at 2 Kanpur Road, Prayagraj.
• Cut-off date for members: 21 Sep 2026.
• Remote e-voting window: 25–27 Sep 2026.
• Resolutions deemed passed on AGM date subject to scrutinizer's report.

Ordinary Resolutions

• Adoption of audited financial statements for year ended 31 March 2026 — passed.
• Dividend declaration approved.
• Saleem Iqbal Shervani re-appointment on rotation — passed.

Special/Other Resolutions

• Ratification of remuneration of Cost Auditors for FY ending 31 March 2027 — passed.
• Bal Krishna Misra regularised as Additional Director — passed.
• Bal Krishna Misra appointed as Whole-time Executive Director — passed.

AGM details

• Date and time: 28 September 2026, 11:30 AM.
• Venue: Registered Office, Prayagraj, Uttar Pradesh (physical meeting).
• Mode: physical AGM at registered office.
• Voting cut-off date: 21 September 2026 for remote e-voting.
• No record/book closure date provided in filing.

Resolutions

• Ordinary: adopt standalone and consolidated financial statements for 2025-26.
• Ordinary: declare dividend for year ended 31 March 2026.
• Ordinary: re-appoint Saleem Iqbal Shervani (DIN 00023909) retiring by rotation.
• Ordinary: ratify remuneration of Cost Auditors for 2026-27.
• Ordinary: regularize Bal Krishna Misra as Additional Director.
• Special: appoint Bal Krishna Misra as Whole-time Executive Director for 5 years.

Dividend

• Proposed dividend: Rs 2.50 per Ordinary share; Rs 6.25 per Deferred share.

Director changes

• Bal Krishna Misra appointed Additional Director with effect 6 Aug 2026; to retire by rotation.
• Bal Krishna Misra proposed to be appointed as Whole-time Executive Director for 5 years.

Auditors

• Statutory Auditor: M/s P. L. Tandon & Co. (Chartered Accountants).
• Tenure: appointed for five consecutive years ending at the 79th AGM.

Material related party transactions

• Chairman provided personal guarantee for corporate loan: Rs 6,861.
• Managing Director provided personal guarantee for corporate loan: Rs 6,861.
• Farco Foods Private Limited (subsidiary): conversion of loans into NCRPS valued at Rs 6.39 crore.

Other material approvals

• No ESOPs, mergers, or charter amendments noted in this chunk.

Executive Director Appointment

• Board approved appointment of Mr. Bal Krishna Misra as Additional Director and Executive Director.
• Appointment effective 6 August 2026 for a term of five years.
• Additional Director to hold office until the ensuing AGM; ratification at the FY2025-26 AGM.
• Designation as Whole-time Director designated as Executive Director.
• Linked background: 51-year-old law graduate and CS, 22 years experience.
• Currently General Manager (F&A); previously Company Secretary and Accounts Manager.
• Not debarred from holding director office by SEBI or other authorities.
• Nil directorships in listed entities disclosed.
• Appointment subject to AGM ratification; details in Annexure A.
• Board approved based on Nomination & Remuneration Committee recommendation.

Standalone results

• Standalone total income ₹594 lakh; revenue from operations ₹460 lakh; other income ₹134 lakh.
• Net profit ₹134 lakh; EPS ₹5.17; YoY net profit rose from ₹36 lakh.
• Real Estate revenue ₹460 lakh; segment profit ₹213 lakh; IT segment loss ₹25 lakh.
• Tax expense ₹38 lakh; total expenses ₹422 lakh.
• Revenue includes ₹35 lakh from capital reserve revaluation of land on sale deed.
• Results reviewed by Audit Committee and Statutory Auditors.
• Board approved unaudited standalone results; Bal Krishna Misra appointed ED for five years.

Consolidated results

• Consolidated total income ₹695 lakh; revenue from operations ₹560 lakh; other income ₹135 lakh.
• Consolidated net profit ₹133 lakh; EPS ₹5.14; tax ₹38 lakh.
• Profit before tax ₹171 lakh; Real Estate and Job Work contributions drive results.
• Results reviewed by Audit Committee and Statutory Auditors.

Board actions & notes

• Bal Krishna Misra appointed as Additional Director and Executive Director for five years, effective immediately.
• Meeting date 06 Aug 2026; results taken on record.

Board actions

• Board approved standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Appointed Bal Krishna Misra as Additional Director and Executive Director for 5 years.
• Meeting commenced 2:30 PM and concluded 4:45 PM.

Standalone highlights

• Revenue from operations 460; Other income 134; Total income 594.
• PBT 172; Net profit 134; EPS 5.17 (basic and diluted).
• Revenue includes Rs 35 lakh from land revaluation on sale deed.

Consolidated highlights

• Total income 695; Revenue from operations 560; Other income 135.
• PBT 171; Tax 38; Net profit 133; EPS 5.14.
• Revenue from operations by Real Estate 460; Job Work 100; IT 0; Total 560.

Audit & reporting

• Limited Review by P.L. Tandon & Co; statements prepared under Ind AS 34 and SEBI LODR.

Notes on accounting & disclosures

• Revenue recognition on completed-contract basis; tax on percentage of completion.

Meeting Details

• Date and time: 06 Aug 2026 at 2:30 PM.
• Location: 2, Kanpur Road, New Cantonment, Prayagraj-211001.

Key Agenda Items

• Consider standalone and consolidated unaudited financials for quarter ended June 30, 2026.

Other Notes

• Trading window closed since July 1, 2026 until 48 hours after unaudited June 30, 2026 results.

Dematerialisation status

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed to depositories and listed.
• Physical dematerialisation certificates were mutilated and cancelled after verification, with depositories updated as registered owner.