Sheshadri Industries Ltd

Key approvals

• Unaudited quarterly results for quarter ended 30 June 2026 approved along with Limited Review Report.
• Re-appointment of Jeetender Kumar Agarwal as Managing Director approved.
• Directors' Report for FY ended 31 March 2026 approved with annexures.

Auditor remarks and going concern

• Independent Auditor's Review Report issued with a qualified conclusion due to non-provision for Rs 32.78 lakhs TDS interest.
• Going concern basis adopted; accumulated losses Rs 1,633.95 lakhs as of 30 Jun 2026.

Sheshadri Industries Ltd closes trading window with effect from 01st July 2026 till 48 hours after the declaration of Unaudited financial results of the Company for the quarter ended June 30th, 2026

Financial Performance 📊

• Q3 FY26 revenue from operations declined 9.9% QoQ to ₹682.95 lakhs from ₹757.30 lakhs.
• Total income for Q3 FY26 was ₹815.84 lakhs, down 9.5% QoQ and 6.6% YoY.
• Cost of materials consumed decreased 2.2% QoQ to ₹448.79 lakhs in Q3 FY26.
• Employee benefits expense rose 20.5% QoQ to ₹53.24 lakhs in Q3 FY26.
• EBITDA declined 32.2% QoQ to ₹100.49 lakhs in Q3 FY26.
• Profit after tax for Q3 FY26 was ₹100.49 lakhs, down 32.2% QoQ and 37.8% YoY.
• Basic and diluted EPS for Q3 FY26 stood at ₹2.03, down from ₹2.99 in Q2 FY26.
• Exceptional items of ₹225.01 lakhs include ₹214.11 lakhs export duty credit write-off and ₹10.90 lakhs GST demand.

Risks & Audit ⚠️

• Company has accumulated losses of ₹1,803.47 lakhs as of Dec 31, 2025; current liabilities exceed current assets.
• No provision made for interest on unpaid TDS statutory dues of ₹29.69 lakhs (including ₹21.85 lakhs arrears).
• Audit report includes qualified conclusion due to non-provision of interest on unpaid TDS dues.
• Accounting deviation: commission income recognized on realization, not on service completion; impact unascertainable.

Corporate Actions & Governance 🗒️📍

• Financial results reviewed by Audit Committee and approved by Board on Jan 28, 2026.
• Financials prepared on going concern basis considering market value of immovable properties.

Business Model

• Company operates as a single segment; segment reporting not applicable.

Financial Performance 📊

• Board approved unaudited standalone results for Q3 FY26 ended December 31, 2025.
• Total income was ₹815.84 lakhs; profit before tax was ₹100.49 lakhs.
• Exceptional items of ₹225.01 lakhs include export duty credit write-off and GST demand recognition.
• Earnings per share were ₹2.03 (basic and diluted, not annualized).
• Company reported accumulated losses of ₹1,803.47 lakhs and current liabilities exceeded current assets.
• Financials prepared on a going concern basis considering market value of immovable properties.

Audit and Compliance ⚠️

• Statutory auditors issued a qualified review report due to non-provision of interest on unpaid TDS dues of ₹29.69 lakhs.
• Auditor noted deviation in commission income recognition; impact on financials not ascertainable.

Governance and Corporate Actions 📍

• Audit committee reviewed and board approved results on January 28, 2026.
• No changes in directors, auditors, dividends, capital raising, or other major corporate actions disclosed.

🗓️ Meeting Details

• Board meeting scheduled for 28 January 2026 at the company's registered office.

📊 Financial Results

• Board to consider and approve unaudited financial results for quarter ended 31 December 2025.