Shantai Industries Ltd (512297)
Q2 FY27 results
📅 Next results: 21 Oct 2026 (board meeting)Shantai Industries Ltd's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q4 FY26, Shantai Industries' revenue was ₹1.6 Cr (-78.4% year on year, +3.3% on the previous quarter), and net profit ₹-0.4 Cr (against a profit a year earlier); the operating margin was -26.9%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹1.6 | -78.4% | +3.3% |
| Operating profit | ₹-0.4 | to loss | loss narrowed |
| Net profit | ₹-0.4 | to loss | loss narrowed |
| EPS (₹) | -0.55 | to loss | loss narrowed |
| Operating margin | -26.9% | — | — |
📢 Recent Corporate Announcements
Radhe Dhokla Private Limited along with Jinesh Kanaiyalal Pandav and other Persons Acting in Concert (PAC) have acquired 55,80,000 equity shares, representing 74.40% of the total voting share capital of Shantai Industries Limited. The acquisition took place off-market on August 17, 2026, pursuant to a Share Purchase Agreement. Prior to this transaction, the acquirer group held 0% in the target company.
- Acquisition of 55,80,000 equity shares representing 74.40% of total voting capital
- Lead acquirer Radhe Dhokla Private Limited takes 49,80,000 shares (66.40%)
- Acquirer group prior holding was 0.00%, now stands at 74.40%
- Transaction executed off-market on August 17, 2026, via a Share Purchase Agreement
Promoters of Shantai Industries, led by Vasudev Fatandas Sawlani and four Persons Acting in Concert (PACs), have offloaded their entire 74.40% equity stake (55,80,000 shares) off-market pursuant to a Share Purchase Agreement (SPA) dated August 17, 2026. Following this transaction, the existing promoter group's shareholding has fallen to 0.00%. This represents a complete change in ownership and control of the micro-cap company (market cap Rs 69 Cr), triggering the takeover regulations.
- Promoter group sold 100% of their holding comprising 55,80,000 equity shares (74.40% voting capital)
- Transaction conducted off-market on 17-08-2026 pursuant to a Share Purchase Agreement
- Post-transaction holding of the existing promoter and PACs stands at 0.00%
- Total voting capital of the company is 75,00,000 equity shares of Rs 2 face value
- Sellers include Vasudev Sawlani (24.80%), Murlibhai Sawlani (16.00%), Harishbhai Sawlani (16.00%), Disha Sawlani (8.80%), and Reena Sawlani (8.80%)
Shantai Industries reported a total cessation of operational revenue in Q1 FY27, recording Rs 0 from operations compared to Rs 4.22 Cr in the same quarter last year. The company posted a net loss of Rs 4.99 Lakhs for the quarter. In a major strategic shift, the board has approved a name change to 'Radhe Dhokla Retail Limited' and a pivot into the food and beverage sector, including food processing and retail. This follows a weak FY26 where the company recorded a net loss of Rs 1.31 Cr.
- Revenue from operations fell to zero in Q1 FY27 from Rs 4.22 Cr in Q1 FY26
- Net loss for the quarter stood at Rs 4.99 Lakhs versus a loss of Rs 3.24 Lakhs YoY
- Proposed name change to Radhe Dhokla Retail Limited signifies a total business pivot
- Appointment of three new Executive Directors (Jinesh, Nikunj, and Dishant Pandav) with hospitality and catering experience
- Total income for the quarter was just Rs 1.93 Lakhs, derived entirely from other income
Shantai Industries has announced a radical business pivot, proposing a name change to 'Radhe Dhokla Retail Limited' and altering its business objects to enter the food and beverage sector. This follows a disastrous Q1 FY27 where revenue from operations collapsed to just ₹1.93 Lakhs from ₹4.22 Cr in the same quarter last year. To facilitate this transition, the board has appointed three new Executive Directors with hospitality and catering backgrounds. The company remains loss-making, reporting a net loss of ₹4.99 Lakhs for the quarter ended June 2026.
- Revenue from operations fell by 99.5% YoY to ₹1.93 Lakhs in Q1 FY27 from ₹422.40 Lakhs in Q1 FY26
- Net loss widened to ₹4.99 Lakhs for the quarter compared to a loss of ₹3.24 Lakhs in the previous year's corresponding period
- Proposed name change to 'Radhe Dhokla Retail Limited' and entry into food processing, packaging, and service operations
- Appointment of three new Executive Directors (Jinesh Pandav, Nikunj Prajapati, and Dishant Pandav) for 5-year terms to lead the F&B shift
- Total expenses for the quarter were minimal at ₹6.93 Lakhs, reflecting a near-halt in previous industrial operations
Shantai Industries has scheduled a board meeting for August 10, 2026, to consider and approve its standalone unaudited financial results for the quarter ended June 30, 2026. The company is currently navigating a challenging financial period, having reported a net loss of ₹1.31 Cr in FY26 on a revenue of ₹9.81 Cr. With a negative operating margin of -13.8% and a high Price-to-Book ratio of 10.8, the upcoming results are critical for assessing operational recovery. The trading window for insiders has been closed since July 1, 2026.
- Board meeting scheduled for August 10, 2026, at 04:00 P.M. to approve Q1 results.
- Trading window for insiders closed from July 01, 2026, until 48 hours post-result declaration.
- Company reported a TTM revenue of ₹10 Cr against a net loss of ₹1 Cr.
- Operating profit margin stands at -13.8% as per TTM data.
- Stock has seen a significant 12-month price return of 664.5% despite negative ROCE of -15.1%.
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