Sihora Industries Ltd (544585)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Sihora Industries' revenue was ₹10.5 Cr (+32.9% year on year, +25.8% on the previous half-year), and net profit ₹0.3 Cr (-69.2% year on year); the operating margin was 5.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹10.5 | +32.9% | +25.8% |
| Operating profit | ₹0.6 | -71.6% | -60.3% |
| Net profit | ₹0.3 | -69.2% | -50.0% |
| EPS (₹) | 0.60 | -78.5% | -65.1% |
| Operating margin | 5.3% | — | — |
📢 Recent Corporate Announcements
Sihora Industries Limited announced key statutory compliance appointments following its Board of Directors meeting on August 25, 2026. The Board approved the appointment of M/s. Hardik Jetani & Associates as Secretarial Auditor for financial years 2025-26, 2026-27, and 2027-28. Additionally, M/s. N. A. Vakharia & Co., Chartered Accountants, was re-appointed as Internal Auditor for financial years 2026-27, 2027-28, and 2028-29. These appointments are standard regulatory and statutory compliance actions under the Companies Act, 2013, and SEBI LODR Regulations.
- Appointment of M/s. Hardik Jetani & Associates as Secretarial Auditor for FY26, FY27, and FY28
- Re-appointment of M/s. N. A. Vakharia & Co. as Internal Auditor for FY27, FY28, and FY29
- Board meeting conducted and concluded on August 25, 2026, between 04:00 P.M. and 04:30 P.M.
Sihora Industries Limited held a Board meeting on August 25, 2026, approving key audit appointments to comply with the Companies Act, 2013, and SEBI regulations. The Board appointed M/s. Hardik Jetani & Associates as Secretarial Auditor for FY 2025-26, FY 2026-27, and FY 2027-28. Additionally, M/s. N. A. Vakharia & Co. was re-appointed as Internal Auditor for a three-year tenure spanning FY 2026-27 to FY 2028-29.
- Appointment of M/s. Hardik Jetani & Associates as Secretarial Auditor for FY 2025-26, FY 2026-27, and FY 2027-28
- Re-appointment of M/s. N. A. Vakharia & Co., Chartered Accountants, as Internal Auditor for FY 2026-27, FY 2027-28, and FY 2028-29
- Board meeting conducted on August 25, 2026, from 04:00 P.M. to 04:30 P.M.
Sihora Industries Limited has confirmed that its promoters are not required to provide an exit offer to dissenting shareholders following a postal ballot resolution to alter the objects of its October 06, 2025 IPO proceeds. Under SEBI ICDR Regulations, exit offers are exempted since the company had already utilized 91.83% of the total issue proceeds before seeking approval, and dissent did not reach the 10% threshold. Only one shareholder holding 6,000 shares voted against the resolution as on the July 10, 2026 cut-off date.
- Achieved 91.83% utilization of total issue proceeds prior to seeking shareholder approval for object alteration
- Dissenting votes were below the 10% threshold required under SEBI ICDR Schedule XX to trigger an exit offer
- Only 1 shareholder holding 6,000 shares voted against the postal ballot resolution
- Reference IPO prospectus dated October 06, 2025 with cut-off date July 10, 2026
Sihora Industries Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine and disclose material events to the stock exchange as per SEBI (LODR) Regulations. The Board of Directors finalized these authorizations in a meeting held on July 15, 2026, which lasted 30 minutes. Mr. Gautam Vallabhbhai Sihora (Chairman and MD) is designated to determine materiality, while two other KMPs are authorized for making disclosures. This is a standard procedural filing required for listed companies to ensure regulatory transparency.
- Board meeting conducted on July 15, 2026, from 04:00 PM to 04:30 PM
- 3 Key Managerial Personnel (KMP) authorized for materiality and disclosure purposes
- Mr. Gautam Vallabhbhai Sihora (CMD) designated as the primary authority for determining event materiality
- Mrs. Priyal Gautamkumar Sihora and Mrs. Dhara Jatin Vaghasiya authorized for making disclosures to the exchange
Sihora Industries has decided to reallocate ₹63.74 lakh of unutilized IPO proceeds originally intended for specific machinery and a diesel generator. The company will now invest in 4 Crochet Knitted Machines, 12 Coiling Machines, and 12 Stitching Machines to expand its product portfolio into zipper chains and finished zippers. This shift is driven by rising acquisition costs and forex fluctuations for the original equipment, alongside improved local power infrastructure rendering a planned diesel generator unnecessary. The change requires shareholder approval via a special resolution through a postal ballot.
- ₹63.74 lakh total IPO proceeds remain unutilized and are being reallocated to new machinery
- Company to acquire 28 new units: 4 Crochet Knitted, 12 Coiling, and 12 Stitching Machines
- ₹10.77 lakh already committed for 2 Crochet Knitting Machines under existing plans
- ₹6.00 lakh allocated for Market Maker payments for the next two financial years
- Strategic pivot to value-added manufacturing of zipper chains and finished zippers
Financial Performance
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Operational Drivers
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Strategic Growth
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External Factors
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Regulatory & Governance
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