Shristi Infrastructure Development Corporation Ltd

Results advertisement

• Purpose: submission of unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Publication: results published on 13 August 2026 in Financial Express and Aajkal.
• Sign-off: digitally signed by Krishna K. Pandey, Company Secretary & Compliance Officer.
• Status: results are unaudited; no completion status disclosed in filing.
• Channel: newspapers used to inform shareholders and for information/record purposes.

Cost Auditor Re-appointment

• Board approved re-appointment of M/s. D. Radhakrishnan & Co. as Cost Auditor based on Audit Committee recommendation.
• Term for financial year 2026-27; appointment effective 12 August 2026.
• Cost auditor FRN: 000018.

Standalone results

• Quarter ended 30 Jun 2026: standalone total income Rs 814.84 lakh, total expenses Rs 2,135.93 lakh.
• Profit before tax: Rs -1321.09 lakh; PAT: Rs -1318.67 lakh; EPS: Rs -5.94.
• Going concern risk noted; losses for three consecutive years; net worth fully eroded.
• Going concern basis adopted; management expects profitability in the current financial year.
• Interest expense not provided: Rs 641.30 lakh on Srei borrowings; cumulative Rs 13,103.88 lakh not provisioned.
• If recognized, quarterly finance cost would be Rs 1009.80 lakh; total expenses Rs 2777.22 lakh.
• Auditors issued a qualified conclusion for standalone results; going concern and interest provisioning cited.

Consolidated results

• Quarter ended 30 Jun 2026: consolidated total income Rs 814.84 lakh; total expenses Rs 2,136.54 lakh.
• Consolidated PBT: Rs -1321.70 lakh; PAT: Rs -1319.28 lakh; EPS: Rs -6.58.
• Consolidation includes multiple subsidiaries; Sarga Udaipur Hotels & Resorts Pvt Ltd CIRP; not consolidated.
• Interim results based on unaudited data; some subsidiaries not reviewed.
• Arbitral award: Rs 761 crore payable if enforceable; no provision recorded.
• Notes indicate results include unaudited data; Sarga Udaipur not included due to CIRP.

Auditor qualifications & going concern

• Qualified conclusion due to non-provision of interest on Srei borrowings; quantified impacts in notes.
• Note on CIRP: Sarga Udaipur Hotels & Resorts CIRP; realizability of investments/loans not ascertainable.
• Material uncertainty about going concern; management projections underpin going-concern assumption.
• Emphasis of matter: NCLT/NCLAT orders on Sarga Hotel Pvt Ltd; Supreme Court mediation ongoing.
• Balances subject to confirmation; consolidation based on latest available statements.

Meeting Details

• Board meeting scheduled for August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Consider, approve and take on record unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

Dematerialisation/rematerialisation details

• Registrar certified that details of dematerialised/rematerialised securities were furnished to all stock exchanges.
• RTA certificate confirms reporting of dematerialisation/rematerialisation activity under Regulation 74(5).