Shanti Overseas (India) Limited (SHANTI)
₹5.41 -0.55% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Shanti Overseas' revenue was ₹6.7 Cr (+358.5% year on year, +554.4% on the previous quarter), and net profit ₹-9.3 Cr (against a profit a year earlier); the operating margin was -46.4%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹6.7 | +358.5% | +554.4% |
| Operating profit | ₹-3.1 | to loss | loss widened |
| Net profit | ₹-9.3 | to loss | to loss |
| EPS (₹) | -8.34 | to loss | to loss |
| Operating margin | -46.4% | — | — |
SHANTI delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 82.26% of the SHANTI shares traded on NSE were taken to delivery, against the stock's own 20-session average of 71.76%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20. 3 bulk or block deals were reported in SHANTI in the last 60 days: ₹0.10 Cr bought and ₹0.04 Cr sold.
Delivery in the last 5 sessions: 82.9% · 75.6% · 72.9% · 95.3% · 82.3%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 15 Oct | Sell | Anuradha Bajaj | ₹0.04 Cr | ₹5.44 | 82,000 | Bulk |
| 15 Oct | Buy | Puneet Baweja | ₹0.04 Cr | ₹5.44 | 82,000 | Bulk |
| 8 Oct | Buy | Prasanna Phani Sankar Pogaru | ₹0.06 Cr | ₹5.87 | 100,222 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Shanti Overseas (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by registrar MUFG Intime India Private Limited on October 6, 2026. The registrar confirmed that all security dematerialisation requests received during the period were processed and cancelled within the prescribed timelines. The filing is a standard periodic statutory submission.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by registrar MUFG Intime India Private Limited on October 6, 2026
- Confirmation that received demat security certificates were processed and cancelled as per rules
Shanti Overseas (India) Limited announced the voting results of its 15th AGM held on September 30, 2026. Shareholders approved all four resolutions, including the adoption of FY26 financial statements and a special resolution approving the complete disinvestment of equity shares in material subsidiary Shaan Agro Oils & Extractions Private Limited. Notably, out of 10,928 total shareholders and 1.11 crore total shares, only 35 non-institutional shareholders cast votes representing 5,707 shares (0.0514% turnout), passing all items with a 96.41% majority. Promoter holding remains at 0.0%, with zero institutional participation.
- All 4 AGM resolutions approved with 96.4079% votes in favour (5,502 votes) and 3.5921% against (205 votes)
- Extremely low voter turnout of 0.0514% with only 5,707 total votes polled out of 11,106,000 shares
- Special resolution passed approving the entire disinvestment of material subsidiary Shaan Agro Oils & Extractions Private Limited
- Only 35 public non-institutional shareholders participated via video conference; promoter attendance was 0
- Total registered shareholder count stood at 10,928 as of the record date of September 23, 2026
Shanti Overseas (India) Limited has concluded the complete disinvestment of its 100% equity stake in its material subsidiary, Shaan Agro Oils & Extractions Private Limited. The company transferred 45,60,000 equity shares following board and shareholder approvals on September 24 and September 30, 2026. The total consideration received for the transaction was nominal at Rs 45,600. Consequently, Shaan Agro Oils & Extractions Private Limited has ceased to be a subsidiary of the company as of September 30, 2026.
- Divested 100% equity stake consisting of 45,60,000 equity shares of material subsidiary Shaan Agro Oils & Extractions Private Limited
- Received sale consideration of Rs 45,600 on September 30, 2026
- Subsidiary status ceased effective September 30, 2026
- Follows board and shareholder approvals secured on September 24 and September 30, 2026
Shanti Overseas (India) Limited held its 15th Annual General Meeting on September 30, 2026, attended by 35 members via video conferencing. Among the key agenda items was a special resolution to approve the complete disinvestment of its equity holding in material subsidiary Shaan Agro Oils & Extractions Private Limited. Other items included adopting FY26 financials and director re-appointments. Voting results and scrutinizer reports are pending separate disclosure.
- 15th AGM conducted via video conference on September 30, 2026, from 03:30 P.M. to 04:03 P.M.
- Total of 35 members attended the virtual meeting
- Special resolution put to vote for 100% disinvestment in material subsidiary Shaan Agro Oils & Extractions Private Limited
- Remote e-voting was held from September 27 to September 29, 2026
Shanti Overseas has revised its board meeting disclosure to approve the complete 100% divestment (45,60,000 shares) of its material subsidiary, Shaan Agro Oils & Extractions Private Limited, to individual buyers Abhishek and Narendra Shivhare. The subsidiary accounted for 51.13% (₹962.94 lakhs / ~₹9.63 Cr) of the company's total income for FY26 and had a negative net worth of ₹(81.87) lakhs. The transaction consideration is nominally stated between ₹4,560 and ₹45,600 in the disclosure and is expected to be completed on or before October 30, 2026, subject to shareholder approval via special resolution under Regulation 37A.
- Divesting 100% equity stake comprising 45,60,000 shares of subsidiary Shaan Agro Oils & Extractions Private Limited
- Subsidiary contributed 51.13% (₹962.94 lakhs) of total income and ₹(81.87) lakhs of net worth in FY26
- Nominal sale consideration stated as ₹45,600 in Annexure A (and Rs. 4,560 in body text)
- Proposed transaction target completion date is on or before October 30th, 2026
Shanti Overseas (India) Limited has approved the 100% divestment of its material subsidiary, Shaan Agro Oils & Extractions Private Limited, for a nominal consideration of ₹4,560. The subsidiary contributed ₹962.94 lakhs (51.13%) of total income and negative net worth of ₹(81.87) lakhs (20.47%) as of March 31, 2026. The buyer is non-promoter Mr. Abhishek Shivhare, and the transaction is expected to conclude on or before October 30, 2026. The move aims to streamline operations and shed a negative net worth unit, subject to shareholder approval via a special resolution.
- Divestment of 100% equity stake (4,56,000 shares) in Shaan Agro Oils & Extractions Private Limited at ₹0.01 per share.
- Aggregate cash consideration is ₹4,560, sold to non-promoter buyer Mr. Abhishek Shivhare.
- Shaan Agro contributed total income of ₹962.94 lakhs (51.13% of consolidated income) in FY26.
- Shaan Agro had a negative net worth of ₹(81.87) lakhs (contributing 20.47% to company's net worth metric) as of March 31, 2026.
- Target completion date for the sale is on or before October 30, 2026, subject to shareholder approval.
Shanti Overseas (India) Limited has scheduled its 15th Annual General Meeting for September 30, 2026. A key special resolution seeks shareholder approval to divest its entire 100% equity stake (4,56,000 shares) in material subsidiary Shaan Agro Oils & Extractions Private Limited. For FY26, Shaan Agro contributed Rs 9.63 Cr (51.13%) of consolidated total income but had a negative net worth of Rs (0.82) Cr. Divestment consideration and buyer terms remain to be determined by the Board.
- Proposed divestment of 100% equity holding (4,56,000 shares of Rs 10 each) in subsidiary Shaan Agro Oils & Extractions
- Shaan Agro contributed Rs 962.94 Lakhs (51.13%) of FY26 consolidated total income of Rs 1,883.21 Lakhs
- Shaan Agro net worth stood at negative Rs (81.87) Lakhs against consolidated net worth of Rs 399.98 Lakhs
- AGM set for September 30, 2026, with cut-off date on September 23, 2026 and e-voting ending September 29, 2026
Shanti Overseas (India) Limited reported nil (₹0.00) revenue from operations for Q1 FY27, down from ₹350.61 lakhs in Q1 FY26 and ₹674.42 lakhs in Q4 FY26. Consolidated net profit stood at ₹2.56 lakhs, supported entirely by other income of ₹26.77 lakhs offsetting finance costs of ₹22.79 lakhs. On a standalone basis, the company recorded a net loss of ₹0.97 lakhs on zero revenue. With a market cap of ₹7 Cr and 0.0% promoter holding, operational activity remains severely constrained.
- Revenue from operations fell to ₹0.00 in Q1 FY27 from ₹350.61 lakhs in Q1 FY26
- Consolidated net profit stood at ₹2.56 lakhs compared to a loss of ₹926.15 lakhs in Q4 FY26 and profit of ₹16.61 lakhs in Q1 FY26
- Consolidated total revenue of ₹26.77 lakhs comprised entirely of other income
- Consolidated finance costs rose to ₹22.79 lakhs compared to ₹0.07 lakhs in Q1 FY26
- Standalone operations recorded a net loss of ₹0.97 lakhs
Shanti Overseas (India) Limited has responded to an NSE query regarding discrepancies between its PDF and XBRL financial filings for the quarter ended March 31, 2026. The company clarified that the mismatch was due to an inadvertent data entry error during the XBRL submission process. It confirmed that the PDF version, which reported a net loss of ₹9.26 crore for the quarter, is correct and that a rectified XBRL filing has been submitted. This is a procedural correction and does not alter the company's reported financial performance.
- Clarification issued for the financial results of the quarter ended 31-Mar-2026.
- The discrepancy originated from the initial filing submitted to the Exchange on 30 May 2026.
- Company confirmed the PDF version contains the correct figures, including the ₹9.26 crore net loss for the quarter.
- Corrected XBRL filing has been submitted to the exchange as of 29 June 2026.
- Management confirmed no changes were made to the board-approved financial results.
Shanti Overseas (India) Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the period ending June 30, 2026. The Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirmed that no requests for dematerialization or rematerialization were received during this quarter. This is a standard procedural filing required by SEBI and does not reflect any change in the company's business operations or financial health. The company continues to operate under significant financial stress with a TTM net loss of Rs 8 Cr and zero promoter holding.
- Compliance certificate submitted for the quarter ended June 30, 2026.
- 0 requests received for dematerialization or rematerialization during the period.
- TTM net loss of Rs 8 Cr reported against TTM revenue of Rs 14 Cr.
- Promoter holding remains at 0.0% as per latest available context.
Shanti Overseas (India) Limited has issued a clarification regarding a discrepancy between its PDF and XBRL financial filings submitted on May 30, 2026. The company stated that the mismatch was due to an inadvertent data entry error during the XBRL submission process and that the PDF version contains the correct board-approved figures. This response follows a query from the National Stock Exchange (NSE). The company has since submitted a corrected XBRL filing and confirmed that the underlying financial results remain unchanged.
- Clarification issued on June 29, 2026, regarding financial results originally filed on May 30, 2026
- Company confirms the PDF version of the results is the correct board-approved version
- Discrepancy was limited to the XBRL data entry and has been rectified with a new filing
- Company operates with a TTM revenue of Rs 14 Cr and a significant TTM net loss of Rs 8 Cr
- Promoter holding remains at 0.0% as per the latest available financial context
Shanti Overseas (India) Limited has announced the closure of its trading window effective July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is in anticipation of the declaration of the unaudited standalone financial results for the quarter ending June 30, 2026. The restriction applies to all directors, designated persons, and their immediate relatives. The trading window will remain closed until 48 hours after the financial results are officially communicated to the stock exchange.
- Trading window closure commences on July 1, 2026.
- Closure is for the purpose of finalizing unaudited standalone financial results for the quarter ending June 30, 2026.
- The window will reopen 48 hours after the results are declared to the exchange.
- Restriction applies to all Directors, Designated Employees, and Connected Persons.
Shanti Overseas (India) Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ending March 31, 2026. The company declared that it does not have any promoter or promoter group as of the fiscal year-end. As a result, there are no encumbrances or pledges on promoter shares to report for the 2025-26 period. This filing is a routine annual compliance requirement confirming the current shareholding structure.
- Annual compliance filing under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- Company officially states it has no promoter or promoter group as of March 31, 2026.
- Zero encumbrance of shares reported for the entire Financial Year 2025-26.
- Disclosure submitted to the National Stock Exchange (NSE) and the Audit Committee on April 7, 2026.
Shanti Overseas (India) Limited reported a severe downturn in its financial performance for the fiscal year ended March 31, 2026. Revenue from operations crashed by approximately 81% to ₹4.32 crore, down from ₹22.66 crore in FY25. The company's net loss widened significantly to ₹7.49 crore from a loss of ₹2.48 crore in the previous year, driven by a massive spike in 'Other Expenses' and a substantial deferred tax charge of ₹4.89 crore. Consequently, total equity has eroded by nearly 44%, falling to ₹9.38 crore.
- Revenue from operations fell sharply by 80.9% YoY to ₹432 lakhs in FY26.
- Net loss for the year widened to ₹748.58 lakhs compared to a loss of ₹247.66 lakhs in FY25.
- Other expenses surged to ₹1,149.94 lakhs, which includes a loss on sale of financial assets worth ₹299.70 lakhs.
- Total equity dropped from ₹1,686.75 lakhs to ₹937.84 lakhs, indicating significant capital erosion.
- The company recorded a deferred tax expense of ₹489.03 lakhs, which heavily impacted the bottom line.
Shanti Overseas (India) Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter and year ended March 31, 2026. The report confirms that the company's total issued and listed capital stands at 1,11,06,000 shares, with no discrepancies between records. Notably, 100% of the shares are now held in dematerialized form, split between CDSL and NSDL. This filing is a routine compliance requirement under SEBI regulations to ensure the integrity of the company's shareholding structure.
- Total issued and listed capital is confirmed at 1,11,06,000 shares with a face value of Rs. 10 each.
- 100% of the company's share capital is held in dematerialized form, with zero physical shares remaining.
- CDSL holds the majority of demat shares at 81,18,359 (73.10%), while NSDL holds 29,87,641 (26.90%).
- No demat requests were reported as pending beyond the statutory 21-day period.
- The audit report confirms perfect reconciliation between issued, listed, and total dematerialized capital.
Financial Performance
Revenue Growth by Segment
No sales were recorded during the financial year 2024-25, representing a 100% decline in revenue from any previous operations. The company operates in a single segment focused on the primary processing and trading of agro commodities.
Profitability Margins
Consolidated net loss before tax was INR 3.55 Cr (355.13 lakhs) for FY25. Margins are not calculable due to zero revenue; however, standalone EPS worsened by 162% from -0.85 in FY24 to -2.23 in FY25, reflecting high fixed costs relative to zero income.
EBITDA Margin
Not disclosed in available documents due to zero revenue recorded in FY25. However, the company achieved a turnaround in the half-year ended September 30, 2025, with a profit before tax of INR 0.31 Cr (30.69 lakhs) compared to a loss of INR 1.13 Cr in the previous half-year, a 127% improvement.
Capital Expenditure
INR 0 Cr was spent on property, plant, and equipment in FY25, as the company reported no additions to these assets during the year, indicating a freeze on capital spending to preserve liquidity.
Credit Rating & Borrowing
Not disclosed in available documents. The company has zero bank borrowings and no secured loans outstanding as of March 31, 2025, which eliminates direct bank interest rate costs.
Operational Drivers
Raw Materials
Agro commodities (specific types not listed) are the primary raw materials, representing the core of the trading and processing business, though no procurement costs were detailed for FY25 due to zero sales.
Raw Material Costs
Not disclosed in available documents for FY25 due to zero sales; however, the company focuses on strengthening supplier relationships to enable consistent procurement for future operations.
Manufacturing Efficiency
Operational performance was reportedly supported by stable production levels and process efficiency improvements, though specific utilization percentages were not disclosed.
Strategic Growth
Growth Strategy
The company aims to achieve growth by evaluating new trading opportunities, pricing structures, and hedging practices under a new management team that has strengthened governance and internal audit mechanisms to monitor risks proactively.
Products & Services
Processed and traded agro commodities are the final products sold to customers; these are essential for the company's revenue generation in the primary and secondary markets.
External Factors
Industry Trends
The agro-processing industry is growing but faces volatility; the company is positioning itself by strengthening internal controls and governance to navigate these shifts and capture opportunities as economic conditions stabilize.
Macro Economic Sensitivity
The company is highly sensitive to government policies and economic conditions; a shift in fiscal policy could impact agro-commodity prices by 10-20%, directly affecting trade viability.
Geopolitical Risks
Trade barriers and changes in international import/export regulations are significant risks that directly affect the company's ability to trade agro commodities across borders.
Regulatory & Governance
Industry Regulations
Operations are subject to Section 133 of the Companies Act and Ind AS; import/export restrictions on agro commodities are the most impactful regulations as they dictate trade volumes.
Legal Contingencies
No proceedings are pending for holding benami property; the company has no transactions with struck-off companies, reducing legal and regulatory risk exposure.
Risk Analysis
Key Uncertainties
Commodity price fluctuations and counterparty credit exposure are key risks; liquidity is a major concern given the zero-revenue status in FY25, with potential impact on going concern status if not managed.
Credit & Counterparty Risk
Counterparty risk and credit exposure are key concerns in trading operations; the company has strengthened governance and internal audit to monitor these risks proactively.
