Shentracon Chemicals Ltd (530757)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shentracon Chemicals' revenue was ₹0.1 Cr, and net profit ₹0.0 Cr (-88.4% year on year); the operating margin was -45.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.1 | — | +13.0% |
| Operating profit | ₹-0.0 | loss narrowed | to loss |
| Net profit | ₹0.0 | -88.4% | -91.0% |
| EPS (₹) | 0.02 | -87.5% | -90.0% |
| Operating margin | -45.7% | — | — |
📢 Recent Corporate Announcements
Midaas Fashions Limited (formerly Shentracon Chemicals Limited) has scheduled Monday, October 26, 2026, as the record date for a 1:2 equity share sub-division. Each equity share of face value Rs 10 will be split into two shares of face value Rs 5 each. This corporate action follows shareholder approval at the AGM held on August 21, 2026. The company operates at a minimal scale, reporting quarterly revenue of just Rs 0.0565 crore in June 2026 with a negative net worth of Rs -2 crore.
- Sub-division of 1 equity share of face value Rs 10 into 2 shares of face value Rs 5 each
- Record date fixed as Monday, October 26, 2026
- Shareholder approval previously secured at the AGM on August 21, 2026
- Company reports minimal June 2026 quarterly revenue of Rs 0.0565 crore
Midaas Fashions Limited (formerly Shentracon Chemicals Limited) has scheduled Monday, October 26, 2026, as the record date for a 1:2 equity share sub-division. Each equity share of face value Rs 10 will be split into two shares of face value Rs 5 each. This corporate action follows shareholder approval at the AGM held on August 21, 2026. The company operates at a minimal scale, reporting quarterly revenue of just Rs 0.0565 crore in June 2026 with a negative net worth of Rs -2 crore.
- Sub-division of 1 equity share of face value Rs 10 into 2 shares of face value Rs 5 each
- Record date fixed as Monday, October 26, 2026
- Shareholder approval previously secured at the AGM on August 21, 2026
- Company reports minimal June 2026 quarterly revenue of Rs 0.0565 crore
Shentracon Chemicals Limited has officially changed its corporate name to Midaas Fashions Limited with effect from August 29, 2026, pursuant to a fresh Certificate of Incorporation from the MCA. The company also registered an alteration to its Memorandum of Association (MoA) Object Clause with the Registrar of Companies on August 31, 2026. Following this change, its Corporate Identification Number (CIN) changed from L24299WB1993PLC059449 to L32111WB1993PLC059449, indicating a strategic transition into the fashion and apparel sector. The company had FY26 revenue of Rs 0.05 crore and a negative net worth of Rs -2 crore.
- Company name changed from Shentracon Chemicals Limited to Midaas Fashions Limited effective August 29, 2026
- MoA Object Clause alteration registered by ROC on August 31, 2026
- CIN updated from L24299WB1993PLC059449 to L32111WB1993PLC059449
Shentracon Chemicals reported a marginal net profit of Rs 0.81 Lakhs for Q1 FY27, representing a sharp 88.5% decline from Rs 7.07 Lakhs in the same quarter last year. Revenue from operations fell 52.9% YoY to Rs 5.65 Lakhs, down from Rs 12.00 Lakhs. The company's scale remains extremely small, with total income of Rs 9.03 Lakhs barely exceeding total expenses of Rs 8.23 Lakhs. Given the company's negative net worth of Rs -2 Cr, these results indicate continued operational stagnation.
- Revenue from operations decreased 52.9% YoY to Rs 5.65 Lakhs from Rs 12.00 Lakhs.
- Net profit for the quarter fell to Rs 0.81 Lakhs, an 88.5% drop compared to Rs 7.07 Lakhs in June 2025.
- Other income of Rs 3.38 Lakhs contributed approximately 37.4% of the total income for the quarter.
- Total expenses stood at Rs 8.23 Lakhs, primarily driven by 'Other expenses' of Rs 6.55 Lakhs.
- Paid-up equity share capital remained constant at Rs 443.81 Lakhs.
Shentracon Chemicals reported a weak set of numbers for the quarter ended June 30, 2026, with revenue from operations falling 52.9% YoY to ₹5.65 Lakhs. Net profit saw a sharp decline to ₹0.81 Lakhs compared to ₹7.07 Lakhs in the same quarter last year. The company's scale remains extremely small, with total income of just ₹9.03 Lakhs, including ₹3.38 Lakhs from other income. Given the company's negative net worth of ₹2 Cr, these marginal earnings do little to improve the structural financial position.
- Revenue from operations fell to ₹5.65 Lakhs in Q1 FY27 from ₹12.00 Lakhs in Q1 FY26.
- Net profit for the quarter stood at ₹0.81 Lakhs, a significant drop from ₹7.07 Lakhs YoY.
- Total expenses increased to ₹8.23 Lakhs from ₹4.93 Lakhs in the year-ago period, driven by higher 'Other Expenses'.
- Other income contributed ₹3.38 Lakhs, representing 37% of the total income for the quarter.
- Paid-up equity share capital remains unchanged at ₹443.81 Lakhs.
Shentracon Chemicals has announced a board meeting on August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of Rs -2 Cr and minimal FY26 revenue of Rs 0.17 Cr. The trading window, which closed on July 1, 2026, will remain shut until 48 hours after the results are declared. Investors should note the company's history of negligible revenue and consistent losses.
- Board meeting scheduled for August 12, 2026, to review Q1 FY27 results
- Financial results pertain to the quarter ended June 30, 2026
- Trading window has been closed since July 1, 2026
- Company reported a negative net worth of Rs -2 Cr as per latest available data
- FY26 annual revenue stood at a marginal Rs 0.17 Cr
Shentracon Chemicals has scheduled its 33rd Annual General Meeting (AGM) for August 21, 2026, to be conducted via video conferencing. The company is dispatching physical letters containing the web link to the FY 2025-26 Annual Report to shareholders who have not registered their email addresses. This administrative update comes as the company reports a marginal FY26 revenue of ₹0.17 crore and continues to operate with a negative net worth of ₹-2 crore. The cut-off date for the dispatch was July 24, 2026.
- 33rd Annual General Meeting scheduled for August 21, 2026, at 01:00 P.M. IST
- Cut-off date for shareholder identification was Friday, July 24, 2026
- Company reported a net loss of ₹0.33 crore for FY26 on a revenue of ₹0.17 crore
- Net worth remains negative at ₹-2 crore as per the latest financial context
- Promoter holding remains stable at 61.22% as of March 2026
Shentracon Chemicals has released its FY25-26 Annual Report, detailing a major change in management and control. New promoters Amit Lalit Jain and Hanissh Kanakraj Jaain acquired a 52.22% stake (23,17,343 shares) via a Share Purchase Agreement dated September 4, 2025, followed by a 26% open offer. The company remains in a precarious financial state with a negative net worth of Rs 2 Cr and minimal FY26 revenue of Rs 0.17 Cr. The upcoming AGM on August 21, 2026, will seek to formalize the new board appointments and the transition of control.
- Acquisition of 23,17,343 equity shares representing 52.22% stake by new promoters
- Open offer triggered for up to 11,53,917 equity shares representing 26.00% of voting capital
- FY26 revenue reported at a marginal Rs 0.17 Cr with a net loss of Rs 0.33 Cr
- Complete reconstitution of Board and KMP including appointment of new MD and CFO
- 33rd Annual General Meeting scheduled for August 21, 2026
Shentracon Chemicals has issued a notice for its 33rd Annual General Meeting (AGM) to be held on August 21, 2026. The meeting will address the adoption of FY26 audited financials, where the company reported a minimal revenue of ₹0.17 Cr and a net loss of ₹0.33 Cr. Shareholders will vote on the formal appointment of Amit Lalit Jain as Managing Director and Hanissh Kanakraj Jaain as Director, both of whom currently hold a 26.11% stake each. The company is currently in a distressed financial state with a negative net worth of ₹-2 Cr.
- 33rd Annual General Meeting scheduled for August 21, 2026, via video conferencing.
- Proposed appointment of Amit Lalit Jain as Managing Director for a 5-year term ending October 2030.
- Two proposed directors, Hanissh Jaain and Amit Jain, each hold 11,58,671 shares or 26.11% of the company.
- FY26 annual revenue was reported at just ₹0.17 Cr with an operating margin of 41.18% on that small base.
- Company net worth stands at ₹-2 Cr, indicating significant financial erosion.
Shentracon Chemicals is undergoing a total business pivot, proposing a name change to Midaas Fashions Limited to enter the jewellery and lifestyle sector. The board has approved a 1:2 stock split and a shift of the registered office from West Bengal to Maharashtra. Most significantly, the company is seeking approval for loans and investments up to Rs 50 crore, a massive figure considering its current zero-revenue status and negative net worth of Rs 2 crore. This represents a complete structural and operational overhaul of a currently dormant entity.
- Proposed 1:2 stock split, reducing face value from Rs 10 to Rs 5 per share.
- Authorization sought for loans and investments under Section 186 up to Rs 50 crore.
- Authorization sought for loans to interested parties under Section 185 up to Rs 50 crore.
- Complete pivot from Chemicals to Jewellery, including gold-plated, silver, and lab-grown diamonds.
- Registered office shifting from West Bengal to Maharashtra to align with new business focus.
Shentracon Chemicals is undergoing a complete structural transformation, pivoting from commodity chemicals to the jewellery and fashion retail sector under the new name 'Midaas Fashions Limited'. The Board has approved a 1:2 stock split, reducing face value from Rs 10 to Rs 5, and shifting the registered office from West Bengal to Maharashtra. Crucially, the Board authorized loan and investment limits of up to Rs 50 crore under Sections 185 and 186, which is substantial given the company's current zero-revenue status and negative net worth of Rs -2 crore. These changes are subject to shareholder approval at the AGM on August 21, 2026.
- Approved 1:2 stock split of equity shares from face value Rs 10 to Rs 5
- Authorized loan and investment limits up to Rs 50 crore under Section 186
- Authorized loans to interested parties up to Rs 50 crore under Section 185
- Complete change of business object to jewellery manufacturing, retail, and e-commerce
- Proposed name change to Midaas Fashions Limited and relocation to Maharashtra
Shentracon Chemicals has scheduled a board meeting for July 28, 2026, to consider a sub-division (stock split) of its equity shares. This corporate action comes despite the company reporting TTM revenue of Rs 0 Cr and maintaining a negative net worth of Rs -2 Cr. The meeting will determine the split ratio, subject to shareholder and regulatory approvals. Trading for designated persons is restricted from July 23, 2026, until 48 hours after the board's decision.
- Board meeting scheduled for July 28, 2026, to approve share sub-division
- Company reported TTM revenue of Rs 0 Cr and FY25 revenue of Rs 0.0 Cr
- Net worth stands at a negative Rs -2 Cr as per latest financial context
- Promoter holding remains stable at 61.22% as of March 2026
- Trading window closed from July 23, 2026, for all designated persons
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