In continuation to our audited financial result for the quarter & year ended 31.03.2026, We herewith attached detailed corrigendum with respect to revised and corrected figures of Borrowings (Current & Non Current). which were inadvertently stated incorrectly earlier and was purely typographical error.
Board has recommended the dividend @ 25 for the financial year 2025-26 subject to approval of Shareholder(s) at the ensuing AGM.
We hereby attaching the Audited Financial Result along with Audit Report issued by Statutory Auditor of the Company
We herewith submitting the Annual Secretarial Compliance Report for the Year ended 31.03.2026 issue by Siddiqui & Assoicates.
Standalone & Consolidated Audited Financial Statement for the Quarter & Year Ended 31st March, 2026
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyShervani Industrial Syndicate Ltd 2CIN NO.L45202UP1948PLC001891 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 11.19 4Highest Credit Rating during the previous FY BBB- 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)INFOMERICS VALUATION AND RATING PVT. LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Shrawan Kumar Shukla Designation: Company Secretary EmailId: shervaniind@rediffmail.com Name of the Chief Financial Officer: Tahir Hasan Designation: Chief Financial Officer EmailId: shervaniind@rediffmail.com Date: 15/04/2026 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Pl find attached certificate issued by RTA "MUFG Intime India Private Limited"
We wish to inform you that trading window for dealing in securities of the Company shall remain closed for all designated persons and their immediate relatives on and from 01.04.2026 till the completion of 48 hours from the declaration of Audited Financial Result for the quarter and year ended 31.03.2026.
Disclosure under Regulation 30 of SEBI (LODR), 2015
We are submitting the Audit Report with UDIN issued by the Statutory Auditors of the Company in respect of financial result filed vide Ackn No. 12144359 dated 12.02.2026
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 73.47 | 30.48 | 13.07 | 25.68 | 10.54 | 19.73 | 11.71 | 6.42 | 8.85 | 3.35 | 6.61 | 2.56 |
| YOY Revenue Growth % | 3333.18% | 84.5% | 297.26% | 439.5% | -85.65% | -35.27% | -10.41% | -75% | -16.03% | -83.02% | -43.55% | -60.12% |
| Other Income | 0.29 | 0.36 | 2.82 | 0.55 | 0.32 | 0.51 | 0.41 | 3.55 | 0.84 | 1.12 | 0.99 | 2.93 |
| Total Income | 73.76 | 30.84 | 15.89 | 26.23 | 10.86 | 20.24 | 12.12 | 9.97 | 9.69 | 4.47 | 7.60 | 5.49 |
| Total Expenses + | 53.56 | 23.36 | 11.14 | 25.87 | 10.97 | 18.16 | 11.42 | 7.31 | 9.27 | 4.79 | 6.45 | 4.31 |
| Cost of Materials Consumed | 4.25 | 10.02 | 10.02 | 21.79 | 8.25 | 8.29 | 9.29 | 10.83 | 9.05 | 11.29 | 10.67 | 10.70 |
| Employee Benefit Expense | 1.03 | 0.99 | 1.20 | 2.36 | 0.99 | 1.04 | 1.02 | 1.29 | 1.04 | 1.10 | 1.14 | 1.37 |
| Other Expenses | 1.29 | 1.75 | 1.67 | 4.84 | 1.66 | 1.74 | 1.54 | 1.44 | 1.42 | 2.00 | 1.79 | 2.03 |
| Operating Profit | 19.91 | 7.12 | 1.93 | -0.19 | -0.43 | 1.57 | 0.29 | -0.89 | -0.42 | -1.44 | 0.16 | -1.75 |
| OPM % | 27.1% | 23.4% | 14.8% | -0.7% | -4.1% | 8% | 2.5% | -13.9% | -4.7% | -43% | 2.4% | -68.4% |
| Profit Before Tax + | 20.20 | 7.48 | 4.75 | 0.36 | -0.11 | 2.08 | 0.70 | 2.66 | 0.42 | -0.32 | 1.15 | 1.18 |
| Tax Expense | -1.07 | 0.29 | -0.27 | 2.99 | -0.27 | 0.92 | 0.18 | 0.65 | 0.08 | -0.05 | 1.12 | 2.01 |
| Tax % | -5.3% | 3.9% | -5.7% | 830.6% | - | 44.2% | 25.7% | 24.4% | 19% | - | 97.4% | 170.3% |
| Profit After Tax | 21.27 | 7.19 | 5.02 | -2.63 | 0.16 | 1.16 | 0.52 | 2.01 | 0.34 | -0.27 | 0.03 | -0.83 |
| EPS (Basic) | 78.20 | 26.43 | 18.46 | -10.15 | 0.61 | 4.48 | 2.01 | 7.76 | 1.31 | -1.04 | 0.12 | -3.20 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 21.37 | 48.40 | 142.70 | 26.71 | 8.86 | 31.89 |
| YOY Revenue Growth % | -55.85% | -66.08% | 434.26% | 201.47% | -72.22% | - |
| Other Income | 5.88 | 4.79 | 4.02 | 1.40 | 1.07 | 1.87 |
| Total Income | 27.25 | 53.19 | 146.72 | 28.11 | 9.93 | 33.76 |
| Total Expenses + | 24.82 | 47.86 | 113.93 | 24.19 | 12.76 | 28.06 |
| Cost of Materials Consumed | 40.33 | 36.66 | 46.08 | 39.39 | 28.88 | 27.75 |
| Employee Benefit Expense | 4.65 | 4.34 | 5.58 | 4.33 | 3.23 | 3.11 |
| Other Expenses | 7.24 | 6.38 | 9.55 | 6.21 | 5.86 | 7.26 |
| Operating Profit | -3.45 | 0.54 | 28.77 | 2.52 | -3.90 | 3.83 |
| OPM % | -16.1% | 1.1% | 20.2% | 9.4% | -44% | 12% |
| Profit Before Exceptional | 2.43 | 5.33 | 32.79 | 3.92 | -2.83 | 5.70 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.55 |
| Profit Before Tax + | 2.43 | 5.33 | 32.79 | 3.92 | -2.83 | 5.15 |
| Tax Expense | 3.16 | 1.48 | 1.94 | -19.71 | -0.06 | -1.51 |
| Tax % | 130% | 27.8% | 5.9% | -502.8% | - | -29.3% |
| Profit After Tax | -0.73 | 3.85 | 30.85 | 23.63 | -2.77 | 6.66 |
| EPS (Basic) | -2.82 | 14.86 | 119.02 | 86.87 | -10.19 | 24.49 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 59.23 | 74.03 | 54.73 | 43.75 | 23.90 | 23.17 |
| Property, Plant & Equipment | 10.31 | 13.01 | 15.51 | 11.01 | 11.69 | 11.90 |
| Capital Work in Progress | 20.80 | 9.15 | 1.84 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 15.86 | 22.13 | 24.11 | 23.15 | 2.64 | 2.72 |
| Goodwill | 0.00 | 5.80 | 5.80 | 5.80 | 5.82 | 5.82 |
| Other Intangible Assets | 0.00 | 18.71 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 284.79 | 183.40 | 175.11 | 220.29 | 195.70 | 162.22 |
| Inventories | 174.98 | 144.84 | 143.46 | 195.47 | 168.17 | 141.80 |
| Trade Receivables | 0.51 | 1.22 | 1.86 | 2.97 | 2.01 | 1.89 |
| Cash and Cash Equivalents | 34.65 | 2.77 | 4.33 | 1.04 | 5.25 | 3.71 |
| Current Investments | 3.48 | 3.70 | 11.66 | 5.15 | 6.75 | 2.87 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 132.14 | 150.42 | 154.87 | 144.81 | 129.21 | 132.91 |
| Equity Share Capital | 2.59 | 2.59 | 2.59 | 2.72 | 2.72 | 2.72 |
| Other Equity | 129.55 | 147.83 | 152.28 | 142.09 | 126.49 | 130.19 |
| Non-Current Liabilities | 14.89 | 50.07 | 18.66 | 2.03 | 2.47 | 2.64 |
| Current Liabilities | 196.99 | 56.94 | 56.31 | 117.20 | 87.92 | 49.84 |
| Total Liabilities | 211.88 | 107.01 | 74.97 | 119.23 | 90.39 | 52.48 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 44.66 | 14.38 | -8.52 | 6.77 | 1.17 | 5.15 |
| Cash from Investing Activities | -28.69 | -25.50 | -10.31 | -0.10 | -5.30 | 0.00 |
| Cash from Financing Activities | 15.91 | 9.56 | 22.12 | -10.88 | 5.71 | 0.00 |
| Net Increase/Decrease in Cash | 31.88 | -1.56 | 3.29 | -4.21 | 1.58 | 5.15 |