Shaival Reality Limited (SHAIVAL)
H1 FY27 results
Shaival Reality Limited reported H1 FY27 results on 5 Oct 2026: revenue ₹0.0 Cr (-100.0% year on year), and net profit ₹2.9 Cr (+380.3% year on year).
| H1 FY27 (₹ Cr) | Value | YoY vs H1 FY26 | vs prev. half |
|---|---|---|---|
| Revenue | ₹0.0 | -100.0% | — |
| Operating profit | ₹-0.1 | loss narrowed | — |
| Net profit | ₹2.9 | +380.3% | — |
| EPS (₹) | 2.53 | +377.4% | — |
- All of pre-tax profit came from other income or one-off items
Quality of profit: none of the pre-tax profit of ₹2.9 Cr came from the core business; all of it came from other income and one-off items.
📢 Recent Corporate Announcements
Shaival Reality Limited's Board of Directors met on October 5, 2026, to approve unaudited standalone financial results for the half-year ended September 30, 2026. The Board formally took note of a warning letter received from SEBI, though specific details of the warning were not disclosed in the outcome. Additionally, Independent Director Mrs. Rinkal M Jasani resigned effective September 30, 2026, and Mrs. Silva Sulabh Padshah was appointed as an Additional Independent Director effective October 5, 2026. Ms. Vikeeta Kaswala was also re-appointed as Internal Auditor for FY 2026-27.
- Approved unaudited standalone financial results for the half year ended September 30, 2026
- Board noted receipt of a regulatory warning letter from SEBI (details undisclosed)
- Resignation of Independent Director Mrs. Rinkal M Jasani effective September 30, 2026
- Appointment of Mrs. Silva Sulabh Padshah (DIN 10283803) as Additional Independent Director effective October 5, 2026
- Board meeting duration was 1 hour 11 minutes (commenced 4:01 p.m., concluded 5:12 p.m.)
Shaival Reality Limited held a board meeting on October 5, 2026, approving unaudited standalone financial results for the half year ended September 30, 2026. The board formally took note of a warning letter received from SEBI, though specific details of the warning were not disclosed in the filing. Additionally, the company noted the resignation of Independent Director Mrs. Rinkal M Jasani effective September 30, 2026, and appointed Mrs. Silva Sulabh Padshah as an additional Independent Director effective October 5, 2026. Ms. Vikeeta Kaswala was also re-appointed as internal auditor for FY 2026-27.
- Board approved unaudited standalone financial results for the half year ended September 30, 2026
- Board officially noted receipt of a warning letter from SEBI (specific grounds not disclosed)
- Resignation of Independent Director Mrs. Rinkal M Jasani noted, effective September 30, 2026
- Appointment of Mrs. Silva Sulabh Padshah as additional Independent Director effective October 5, 2026
- Re-appointment of Ms. Vikeeta Kaswala as Internal Auditor for FY 2026-27
Shaival Reality Limited received an administrative warning letter from SEBI on August 28, 2026, regarding material non-compliance in Related Party Transactions (RPT). The company entered into RPTs worth ₹15.71 crore during FY 2025-26 with its Managing Director, Mr. Mayur Mukundbhai Desai, on July 08, 2025, without prior approval from the Audit Committee or shareholders. Post-facto approvals obtained from the Audit Committee on September 18, 2025, and AGM ratification on August 07, 2026, did not satisfy SEBI LODR Regulations 23(2) and 23(4). SEBI warned the company to improve compliance standards to avoid future enforcement actions.
- SEBI issued an administrative warning for ₹15.71 crore RPT entered with MD Mr. Mayur Mukundbhai Desai in FY 2025-26
- Transaction was executed on July 08, 2025, without required prior Audit Committee and shareholder approvals
- Post-facto Audit Committee approval was delayed until September 18, 2025, and AGM ratification occurred on August 07, 2026
- SEBI highlighted that post-facto ratification does not absolve the company from prior approval obligations under LODR Regulation 23
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