SHEKHAWATI - Shekhawati Inds
📢 Recent Corporate Announcements
Shekhawati Industries Limited has decided not to proceed with its previously proposed investment in Shekhawati & Shubhraj Developers LLP. This decision reverses a plan that was initially communicated following a board meeting on December 15, 2025. The company will no longer subscribe as a partner in the proposed Limited Liability Partnership (LLP). This move indicates a change in the company's capital allocation strategy or a pivot away from this specific development venture.
- Company officially withdrew from the proposed investment in Shekhawati & Shubhraj Developers LLP
- The original investment proposal was approved and submitted on December 15, 2025
- The company will not be subscribing as a partner in the development firm
- Announcement made under Regulation 30 of SEBI Listing Regulations on February 11, 2026
Shekhawati Industries Limited's Board of Directors met on January 21, 2026, to approve the un-audited financial results for the quarter ended December 31, 2025. The meeting, which concluded at 5:10 p.m., also approved the Limited Review Report as per SEBI regulations. This filing is a routine but critical disclosure of the company's quarterly performance. Investors should review the detailed financial tables to assess the company's current valuation and growth trajectory.
- Approved un-audited financial results for the quarter ended December 31, 2025.
- Board meeting conducted on January 21, 2026, between 3:00 p.m. and 5:10 p.m.
- Limited Review Report for the period was approved and submitted to exchanges.
- Compliance confirmed under Regulation 30 of SEBI (LODR) Regulations, 2015.
Shekhawati Industries Limited's Board of Directors met on January 21, 2026, to approve the un-audited financial results for the quarter ended December 31, 2025. The meeting, which lasted approximately two hours, also saw the approval of the Limited Review Report provided by the auditors. This announcement confirms the company's compliance with SEBI's periodic reporting requirements for listed entities. Investors should now look for the detailed financial tables to assess the company's operational health and profitability.
- Board approved un-audited financial results for the quarter ended December 31, 2025.
- The meeting commenced at 3:00 p.m. and concluded at 5:10 p.m. at the Mumbai registered office.
- Limited Review Report for the quarter was considered and approved by the Board.
- The filing was made in compliance with Regulation 30 of SEBI (LODR) Regulations 2015.
Shekhawati Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed and listed on the stock exchanges. It also verifies that physical certificates were mutilated and cancelled as per regulatory norms. This filing is a standard administrative requirement for all listed entities in India.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
- Confirms dematerialization requests were processed and securities listed on BSE and NSE
- Verification that security certificates were mutilated and cancelled within prescribed timelines
Shekhawati Industries Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is in anticipation of the un-audited financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be announced at a later time.
- Trading window closure effective from January 1, 2026
- Closure relates to the un-audited financial results for the quarter ending December 31, 2025
- Window to reopen 48 hours after the financial results are made public
- Board meeting date for results approval to be informed in due course
Shekhawati Industries Limited has announced that the Board approved subscribing as a partner in the proposed Shekhawati & Shubhraj Developers LLP, with an investment exceeding 5% and up to 50%. This investment falls under related party transactions as Directors are common. The objective is to create synergy for operational expertise and specialized knowledge to enhance project execution and innovation. The investment consideration will be in cash, and the completion is expected post incorporation of the proposed LLP.
- Investment up to 50% in Shekhawati & Shubhraj Developers LLP
- Investment exceeds 5% of the proposed target LLP
- Transaction falls within related party transactions
- Investment consideration is in cash
Financial Performance
Revenue Growth by Segment
Total income from operations for H1 FY26 was INR 17.87 Cr, representing a 197.68% increase compared to INR 6.00 Cr in H1 FY25. However, FY25 annual revenue of INR 34.39 Cr showed a 43.28% decline from INR 60.64 Cr in FY24.
Geographic Revenue Split
The company reported 100% domestic revenue as there was no export activity during the year under review, although it is exploring future international opportunities.
Profitability Margins
Net Profit margin for H1 FY26 was 14.31% (INR 2.56 Cr profit on INR 17.87 Cr revenue). This is consistent with the FY25 net margin of 14.30%, but an improvement over the FY24 net margin of 10.36%.
EBITDA Margin
Core profitability before tax and exceptional items for H1 FY26 was INR 2.56 Cr, a 45.41% decrease from INR 4.69 Cr in H1 FY25, primarily due to higher operational costs relative to the revenue surge.
Capital Expenditure
The company is investing in a new project in Khandala expected to open a new revenue stream in the near future; specific INR investment values were not disclosed.
Operational Drivers
Raw Materials
Raw materials for knitted fabrics and poly-yarn production (typically polyester, PTA, and MEG); specific names and cost percentages were not disclosed.
Capacity Expansion
Current capacity is not disclosed; however, the company is expanding into a new revenue stream via the Khandala project.
Raw Material Costs
Raw material costs are subject to price fluctuations and cyclical demand patterns; the company manages this through proactive vendor development and inventory management.
Strategic Growth
Growth Strategy
Growth will be driven by the operationalization of the Khandala project to diversify revenue and the exploration of international markets to resume export activities. The company also focuses on developing leadership skills and building talent to improve organizational capability.
Products & Services
Knitted fabrics and poly-yarn products.
Brand Portfolio
Shekhawati Industries (formerly Shekhawati Poly-Yarn).
New Products/Services
The Khandala project is expected to open a new revenue stream in the near future.
Market Expansion
Exploring potential future opportunities in international markets to resume exports.
External Factors
Industry Trends
The textile and poly-yarn industry is characterized by cyclical demand patterns and price volatility. The company is positioning itself for the future by diversifying into new revenue streams like the Khandala project.
Competitive Landscape
Operates in a highly competitive and challenging environment with significant price volatility.
Competitive Moat
The company's moat is built on the specialized expertise of its directors in knitted fabrics, production, and marketing, alongside integrated operations in finance and marketing.
Macro Economic Sensitivity
Highly sensitive to interest rate changes and credit availability, particularly for the real estate-linked Khandala project.
Geopolitical Risks
Geopolitical and tariff-related risks are cited as potential indirect impacts on the company's customer base and supply chains.
Regulatory & Governance
Industry Regulations
Operations are subject to changes in government regulations and tax regimes; the company maintains compliance with SEBI (LODR) Regulations, 2015.
Taxation Policy Impact
The company followed prescribed accounting treatments under Section 133 of the Act; H1 FY26 results show zero tax provision for the interim period.
Legal Contingencies
A court hearing is fixed for November 6, 2025, at 2:00 p.m. regarding a petition involving the company; specific case values were not disclosed.
Risk Analysis
Key Uncertainties
Key risks include raw material price fluctuations (high impact on margins), currency volatility, and interest rate changes affecting credit in the real estate sector.
Geographic Concentration Risk
100% of current revenue is derived from the domestic Indian market.
Third Party Dependencies
Dependency on vendors for raw materials is managed through proactive vendor development to mitigate supply risks.
Credit & Counterparty Risk
Credit availability in the real estate sector is a primary concern for the company's new revenue streams.