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Shahi Shipping Ltd (526508)

📊 BSE: 526508 🏢 Shipping 📢 Latest filing: 01 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shahi Shipping's revenue was ₹0.9 Cr (-49.7% year on year, -44.4% on the previous quarter), and net profit ₹-0.8 Cr (a bigger loss than a year earlier); the operating margin was -36.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.9	-49.7%	-44.4%
Operating profit	₹-0.3	—	loss narrowed
Net profit	₹-0.8	loss widened	loss widened
EPS (₹)	-0.52	loss widened	loss widened
Operating margin	-36.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Shahi Shipping Shareholders Approve All AGM Resolutions with 63.78% Overall Favor

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Oct 2026, 01:00 PM

Shahi Shipping Limited concluded its 36th Annual General Meeting held on September 29, 2026, passing all five resolutions by the requisite majority. Across the resolutions, total votes cast in favor stood at 63.78% (68,95,379 votes) against 36.22% opposed (39,15,162 votes). Interestingly, non-institutional public shareholders heavily opposed the motions, casting 99.63% of their voted shares against, while 32.85% of promoter group votes also opposed the resolutions. Approved items included annual financial statements, director appointments, related party transactions, and the secretarial auditor appointment.

All 5 resolutions passed with 63.78% overall favorable votes (68,95,379 votes) out of 1,08,10,541 votes polled
Promoter group polled 1,02,66,340 votes, with 67.15% (68,93,344) in favor and 32.85% (33,72,996) against
Public non-institutional shareholders cast 5,44,201 votes, with 99.63% (5,42,166 votes) voting against key resolutions
Total attendance at the AGM via video conference comprised 1 promoter group member and 37 public members

💡 Monitor upcoming quarterly filings and operational updates to evaluate how the company addresses persistent financial stress (debt of Rs 9 Cr vs near-zero net worth).

Shahi Shipping Re-Appoints Secretarial Auditor for 5-Year Term

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Sep 2026, 10:08 PM

Shahi Shipping Limited announced that shareholders approved the re-appointment of M/s. Jay Bhatt & Associates as the company's Secretarial Auditor at the Annual General Meeting held on September 29, 2026. The appointment is for a term of 5 years, concluding at the AGM in FY 2031-32. This is a standard statutory compliance procedure with no operational or financial impact on the company.

Shareholders approved appointment at the AGM held on September 29, 2026
M/s. Jay Bhatt & Associates appointed for a tenure of 5 years
Term to conclude at the AGM to be held in FY 2031-32
Auditor registered with ICSI holding Certificate of Practice (COP) No: 28320

💡 Track subsequent AGM voting results and quarterly financial performance to assess operational turnaround.

Shahi Shipping Appoints Secretarial Auditor for FY26 and Approves Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 05:43 PM

Shahi Shipping Limited has appointed M/s. Jay Bhatt and Associates as the Secretarial Auditor for the financial year 2025-26. During the same board meeting on August 13, 2026, the company approved its unaudited standalone financial results for the quarter ended June 30, 2026. The company currently faces significant financial stress, with a TTM revenue of only Rs 6 Cr and a net loss of Rs 2 Cr. With a net worth of Rs 0 Cr and debt of Rs 9 Cr, these administrative steps are necessary for regulatory compliance but do not alter the fundamental financial position.

Appointment of M/s. Jay Bhatt and Associates as Secretarial Auditor for FY 2025-26.
Approval of unaudited standalone financial results for the quarter ended June 30, 2026.
Company reports a TTM revenue of Rs 6 Cr against a total debt of Rs 9 Cr.
Net worth remains at Rs 0 Cr with a high debt-to-equity ratio of 18.68.
Promoter holding has remained constant at 50.0% as of March 2026.

💡 Investors should review the detailed Q1 FY27 results once published to check for any improvement in the operating profit margin, which was -14.2% TTM.

Shahi Shipping Approves Q1 FY27 Results; Company Navigates Zero Net Worth and High Debt

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 05:29 PM

Shahi Shipping Ltd has approved its unaudited financial results for the quarter ended June 30, 2026. The company is in a precarious financial position with a reported net worth of Rs 0 Cr and a high debt-to-equity ratio of 18.68. TTM revenue stands at a modest Rs 6 Cr against a total debt of Rs 9 Cr, while the company continues to report losses, including a Rs 1.82 Cr loss in FY26. Operating margins remain negative at -14.2%, reflecting ongoing structural challenges in its shipping operations.

Board of Directors approved Q1 FY27 unaudited results on August 13, 2026
Company reported a TTM net loss of Rs 2 Cr as of the latest available data
Debt-to-equity ratio is extremely high at 18.68 with total debt of Rs 9 Cr
Net worth has eroded to Rs 0 Cr, indicating significant financial distress
TTM revenue of Rs 6 Cr is small relative to the company's debt obligations

💡 Investors should closely examine the full P&L statement for Q1 to see if revenue has improved from the Rs 1.59 Cr reported in the previous quarter. The primary concern remains the company's ability to service its Rs 9 Cr debt given its zero net worth and negative operating margins.

Shahi Shipping Approves Q1 FY27 Results and Appoints Secretarial Auditor

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 13 Aug 2026, 05:25 PM

Shahi Shipping's board met on August 13, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. The company also appointed M/s. Jay Bhatt and Associates as the Secretarial Auditor for the financial year 2025-26. This administrative update occurs against a backdrop of weak financials, including a TTM revenue of just ₹6 Cr and a negative net worth of ₹0 Cr. The company continues to struggle with high leverage, evidenced by a debt-to-equity ratio of 18.68.

Approved unaudited standalone financial results for the quarter ended June 30, 2026
Appointed M/s. Jay Bhatt and Associates as Secretarial Auditor for FY 2025-26
Board meeting conducted over a duration of 95 minutes (02:30 PM to 04:05 PM)
Company operates with a TTM revenue of ₹6 Cr and a market capitalization of ₹17 Cr
Financial context shows a high debt of ₹9 Cr against a net worth of ₹0 Cr

💡 Investors should review the detailed financial tables (once available) to check for any improvement in the operating margin, which stood at -14.2% for the trailing twelve months.

Aug 13 Board Meeting to Approve Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 05 Aug 2026, 06:07 PM

Shahi Shipping Ltd has scheduled a board meeting on August 13, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth and a TTM net loss of Rs 2 crore. With a market cap of only Rs 18 crore and a high debt-to-equity ratio of 18.68, the upcoming results are critical to assess if the company can stabilize its declining revenue, which stood at Rs 1.59 crore in the most recent quarter (March 2026).

Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
Trading window is closed and will re-open 48 hours after the results declaration
Company reported a TTM revenue of Rs 6 crore against a debt of Rs 9 crore
Previous quarter (March 2026) saw a net loss of Rs 0.69 crore
Net worth currently stands at Rs 0 crore as per latest financial context

💡 Monitor the results on August 13 for any improvement in operating margins (currently -14.2%) and signs of debt reduction or net worth recovery.

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