Shashijit Infraprojects Ltd (540147)

Shashijit Infraprojects has provided a litigation update regarding a dispute over leased property acquired from the Vapi Municipal Corporation. The matter was listed before the Gujarat High Court on September 25, 2026, but could not be taken up for hearing. Consequently, the hearing has been adjourned to October 9, 2026, with no adjudication on merits to date. For a micro-cap company with a net worth of ₹15 Cr, ongoing disputes over physical assets remain an important factor to monitor.

• High Court hearing listed on September 25, 2026 was not taken up
• Hearing adjourned to October 9, 2026
• Matter relates to leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika)
• No adjudication on merits has been made as of September 30, 2026

Shashijit Infraprojects reported an update on its ongoing dispute regarding leased property acquired from the Vapi Municipal Corporation before the High Court of Gujarat. The matter was listed on September 14, 2026, but could not be taken up for hearing and has been adjourned to September 25, 2026. No adjudication on the merits of the case has taken place yet, and the proceedings remain pending. The company has a market capitalization of Rs 14 Cr and TTM revenue of Rs 22 Cr.

• Hearing before the High Court of Gujarat scheduled for September 14, 2026 was not taken up
• Proceedings adjourned to the next hearing date on September 25, 2026
• No adjudication on the merits of the case has been made to date
• Dispute relates to leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika)

Shashijit Infraprojects Limited announced the cessation of Mr. Anil Kumar Jain and Mr. Dheeraj Mohanlal Khandelwal as Independent Directors, effective close of business on August 26, 2026. The cessations are due to the standard completion of their second consecutive terms under statutory requirements. There are no allegations, premature resignations, or financial impact tied to these departures. The micro-cap civil construction company (Market Cap ₹19 Cr) will need to appoint new independent directors to maintain board compliance.

• 2 Independent Directors completed their second terms on August 26, 2026
• Mr. Anil Kumar Jain (DIN: 07597536) ceased to hold office as Independent Director
• Mr. Dheeraj Mohanlal Khandelwal (DIN: 07595594) ceased to hold office as Independent Director

Shashijit Infraprojects Limited has announced that two of its Independent Directors, Mr. Anil Kumar Jain and Mr. Dheeraj Mohanlal Khandelwal, ceased to be directors effective close of business hours on August 26, 2026. The cessations are due to the routine completion of their second consecutive terms as Independent Directors under SEBI regulations. This is a standard statutory governance transition with no operational disruptions reported. The micro-cap civil construction company has an annual revenue of Rs 23.44 Cr in FY26 and a market cap of Rs 19 Cr.

• Mr. Anil Kumar Jain ceased as Independent Director effective close of business hours on August 26, 2026.
• Mr. Dheeraj Mohanlal Khandelwal ceased as Independent Director effective close of business hours on August 26, 2026.
• Both cessations occurred consequent to the completion of their statutory second terms as Independent Directors.
• Filing submitted under Regulation 30 of SEBI (LODR) Regulations, 2015 on August 27, 2026.

Shashijit Infraprojects Ltd has disclosed an update on its ongoing legal dispute concerning leased property acquired from the Vapi Municipal Corporation before the Hon'ble High Court of Gujarat. The matter was scheduled for hearing on August 14, 2026, but could not be taken up. The High Court has adjourned the matter to September 14, 2026. No adjudication on the merits of the case has taken place as of the disclosure date.

• Hearing listed on August 14, 2026 before the Gujarat High Court could not be taken up
• Matter adjourned to September 14, 2026 for next hearing
• Litigation concerns leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika)
• No adjudication on merits has taken place to date

Shashijit Infraprojects Limited has appointed Ms. Asha Shravankumar Khedia and Mr. Santosh Kumar Purohit as Additional Directors (Non-Executive, Independent) with effect from August 24, 2026. Both appointments are for a tenure of 5 consecutive years ending August 23, 2031, subject to shareholder approval at the upcoming AGM. Ms. Khedia brings over 13 years of experience in corporate law and compliance, while Mr. Purohit brings over 35 years of civil engineering expertise.

• Appointment of 2 Independent Directors effective August 24, 2026
• Appointed for a 5-year term from August 24, 2026 up to August 23, 2031
• Ms. Asha Shravankumar Khedia brings over 13 years of corporate law and compliance experience
• Mr. Santosh Kumar Purohit brings over 35 years of civil engineering and construction experience

Shashijit Infraprojects Limited has appointed Ms. Asha Shravankumar Khedia and Mr. Santosh Kumar Purohit as Additional Directors (Non-Executive, Independent Directors) effective August 24, 2026. Both appointments are for a 5-year tenure expiring on August 23, 2031, subject to shareholder approval at the upcoming Annual General Meeting. Ms. Khedia brings over 13 years of corporate law and governance experience, while Mr. Purohit adds more than 35 years of civil engineering and project consultancy expertise to the micro-cap company (market cap Rs 19 Cr).

• Appointment of two Non-Executive Independent Directors effective August 24, 2026
• Term of appointment set for 5 consecutive years up to August 23, 2031
• Ms. Asha S. Khedia brings over 13 years of corporate governance, secretarial, and compliance audit experience
• Mr. Santosh Kumar Purohit brings over 35 years of civil engineering and construction supervision experience
• Appointments are subject to shareholder approval at the ensuing Annual General Meeting

Shashijit Infraprojects Limited has appointed Ms. Asha Shravankumar Khedia and Mr. Santosh Kumar Purohit as Additional Directors (Non-Executive, Independent) effective August 24, 2026. Both appointments are for a term of 5 consecutive years up to August 23, 2031, subject to shareholder approval at the ensuing AGM. Ms. Khedia brings over 13 years of experience in corporate law and governance, while Mr. Purohit brings over 35 years of civil engineering and project supervision experience. The appointments ensure ongoing compliance with SEBI and Companies Act board independence norms.

• Appointed 2 Independent Directors with effect from August 24, 2026
• Appointments are for a 5-year term concluding on August 23, 2031
• Ms. Asha Shravankumar Khedia brings over 13 years of corporate advisory and compliance experience
• Mr. Santosh Kumar Purohit brings over 35 years of civil engineering and project execution experience

Shashijit Infraprojects has announced a board meeting on August 14, 2026, to consider and approve standalone unaudited financial results for the quarter ended June 30, 2026. The company is coming off a marginally profitable FY26 (PAT of Rs 0.49 Cr) after a significant loss in FY25. With a small market cap of Rs 20 Cr and TTM revenue of Rs 23 Cr, these quarterly results are crucial for tracking the company's recovery and operational stability. The trading window for insiders has been closed since July 1, 2026.

• Board meeting date set for August 14, 2026
• Financial results to be reviewed for the quarter ended June 30, 2026
• Trading window closed from July 1, 2026, until 48 hours post-declaration
• Company reported a TTM revenue of Rs 23 Cr against a market cap of Rs 20 Cr
• FY26 Operating Profit Margin stood at 5.42%