Shekhawati Industries Limited (SHEKHAWATI)
₹22.45 +4.96% last close, 16 Oct
Q2 FY27 results
📅 Next results: 21 Oct 2026 (board meeting)Shekhawati Industries Limited's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Shekhawati Industries' revenue was ₹1.5 Cr (-49.0% year on year, -81.6% on the previous quarter), and net profit ₹6.4 Cr (+126.6% year on year); the operating margin was -78.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.5 | -49.0% | -81.6% |
| Operating profit | ₹-1.2 | to loss | to loss |
| Net profit | ₹6.4 | +126.6% | +37.5% |
| EPS (₹) | 1.85 | +125.6% | +38.1% |
| Operating margin | -78.7% | — | — |
SHEKHAWATI exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 18 band closes in about the last 20 sessions.
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
Shekhawati Industries Limited has submitted its confirmation 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 and Share Transfer Agent MUFG Intime India Pvt. Ltd. on October 3, 2026. It confirms that securities received for dematerialisation during the period were duly verified, accepted or rejected, and cancelled as per statutory requirements. This filing represents purely routine compliance with no financial impact.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Certificate issued by RTA MUFG Intime India Private Limited on October 3, 2026
- Filing submitted to BSE and NSE on October 12, 2026
Shekhawati Industries approved an investment to acquire exceeding 5% and up to 69% stake as a partner in the proposed Shekhawati New Energy LLP. The target entity will operate in the mega solar and green energy sector, marking a diversification outside its core textile business. The transaction is classified as a related-party transaction at arm's length due to common directors. The exact cash investment amount was not disclosed in the filing.
- Approved acquiring exceeding 5% and up to 69% stake/control in Shekhawati New Energy LLP
- Target operates in Mega Solar / Green Energy space, diversifying from core textiles
- Transaction is a related-party deal with common directors, executed for cash consideration
- Total capital commitment amount is not disclosed
Shekhawati Industries Limited submitted an application to BSE and NSE on September 17, 2026, seeking approval under Regulation 31A of SEBI LODR Regulations. The application requests the reclassification of shareholder M/s. Altius Buildcon Private Limited from the 'Promoter Group' category to the 'Public' category. The promoter holding in the company stood at 64.13% as of March 2026. The approval remains subject to stock exchange and regulatory clearance.
- Application submitted to BSE and NSE on September 17, 2026, at 5:50 p.m.
- Proposes reclassification of M/s. Altius Buildcon Private Limited to 'Public' category
- Filed under Regulation 31A of SEBI (LODR) Regulations, 2015
- Promoter group holding stood at 64.13% as of the latest shareholding disclosures
Shekhawati Industries announced board leadership changes effective September 15, 2026. Mr. Ravi Sanjay Jogi resigned as Whole Time Director citing personal considerations. In his place, the board appointed Mr. Shrey Mukesh Ruia, a relative of the Chairman & Managing Director, as Executive Director for a 5-year term, subject to shareholder approval. Additionally, the board approved the reclassification request of Altius Buildcon Private Limited (holding 5 shares, 0.00%) from Promoter to Public category.
- Resignation of Whole Time Director Ravi Sanjay Jogi effective September 15, 2026
- Appointment of Shrey Mukesh Ruia as Executive Director for a 5-year term effective September 15, 2026
- Shrey Ruia has 7 years of textile operations leadership and is a relative of the Chairman & MD
- Reclassification of Altius Buildcon Private Limited holding 5 shares (0.00%) to Public category approved
Shekhawati Industries has appointed Mr. Shrey Mukesh Ruia as an Executive Director (Additional Director) for a 5-year term effective September 15, 2026, subject to shareholder approval. Simultaneously, Whole-Time Director Mr. Ravi Sanjay Jogi resigned effective close of business September 15, 2026, citing personal considerations. In addition, the Board approved the reclassification request of outgoing promoter Altius Buildcon Private Limited, which holds 5 shares (0.00%), to the public category.
- Appointment of Mr. Shrey Mukesh Ruia as Executive Director for a 5-year term starting September 15, 2026
- Resignation of Whole-Time Director Mr. Ravi Sanjay Jogi effective September 15, 2026
- Reclassification approval for promoter entity Altius Buildcon Private Limited holding 5 shares (0.00%)
- Board meeting conducted and concluded within 1 hour 15 minutes on September 15, 2026
Shekhawati Industries' Board approved the appointment of Mr. Shrey Mukesh Ruia as Executive Director (Additional Director) for a 5-year term starting September 15, 2026, subject to shareholder approval. Concurrently, Whole Time Director Mr. Ravi Sanjay Jogi resigned effective close of business hours on September 15, 2026, citing personal reasons. Additionally, the Board approved a promoter reclassification request from Altius Buildcon Private Limited, which holds negligible shares (5 shares, 0.00% holding), to the public category subject to stock exchange approval.
- Appointment of Mr. Shrey Mukesh Ruia as Executive Director for a 5-year term starting September 15, 2026
- Resignation of Whole Time Director Mr. Ravi Sanjay Jogi effective September 15, 2026
- Approval of promoter reclassification for Altius Buildcon Private Limited holding 5 shares (0.00%)
Shekhawati Industries Limited has announced plans to subscribe as a Designated Partner in Shekhawati Realty Development LLP, acquiring an equity stake of between >5% and up to 70%. The target is a real estate and construction developer entity, marking an expansion outside the company's core textile processing business. The transaction is classified as a related-party transaction at arm's length due to common directorship, with consideration paid in cash. However, the exact total investment amount was not disclosed in the disclosure filing.
- Proposed acquisition of up to 70% shareholding/control in Shekhawati Realty Development LLP
- Investment structured with a minimum threshold exceeding 5% up to 70%
- Consideration to be completed in cash post-incorporation of the LLP
- Transaction classified as a related-party transaction due to common directors
Shekhawati Industries Limited has received a request from Altius Buildcon Private Limited to be reclassified from the 'Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR. Altius Buildcon holds exactly 5 equity shares, representing 0.00% of the company's total paid-up equity share capital and voting rights. The entity stated it has no association with the company other than being a shareholder. The board of directors will review the request within two months or at its next meeting, followed by exchange approvals.
- Altius Buildcon Private Limited holds 5 equity shares, constituting 0.00% of total voting rights
- Request for reclassification received on 11th September, 2026 at 13:14 IST
- Board will review the request within 2 months or at the immediate next meeting
Shekhawati Industries approved its standalone unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 12, 2026. The company is currently in a transition phase, with TTM revenue at Rs 16 Cr and a high operating margin of 47.7%. While the specific quarterly figures were not detailed in the cover letter, the company is coming off a strong March 2026 quarter where it reported a PAT of Rs 4.63 Cr. Investors should monitor the full financial statement for the impact of the Khandala project on revenue diversification.
- Board meeting concluded at 05.10 p.m. on August 12, 2026
- Approved unaudited standalone financial results for the quarter ended June 30, 2026
- Company maintains a low debt profile of Rs 1 Cr against a market cap of Rs 57 Cr
- TTM Operating Profit Margin (OPM) stands at 47.7% as per recent context
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 its Registrar and Share Transfer Agent (RTA), MUFG Intime India Pvt. Ltd., confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. This is a standard administrative filing required for all listed companies to confirm the integrity of their electronic share records. There is no impact on the company's financial performance or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA MUFG Intime India Pvt. Ltd. confirmed processing of dematerialization requests
- Confirmation that securities are listed on the stock exchanges where earlier issued securities are listed
- Verification that mutilated and cancelled certificates were replaced by depository names in the register of members
Mr. Sushil Kumar Poddar has resigned from his position as an Independent Director of Shekhawati Industries Limited, effective June 22, 2026. He cited personal considerations as the reason for his departure, noting difficulty in continuing to discharge his duties effectively. Significantly, Mr. Poddar was the Chairman of four key board committees, including the Audit and Nomination and Remuneration Committees, necessitating a board-wide committee reconstitution.
- Mr. Sushil Kumar Poddar resigned as Independent Director effective June 22, 2026.
- The director cited personal considerations as the primary reason for his cessation.
- Mr. Poddar served as the Chairman of 4 major committees: Audit, Stakeholder Relationship, NRC, and CSR.
- The Board of Directors has already reconstituted all affected committees following the resignation.
- Mr. Poddar held no other directorships in listed companies at the time of his resignation.
Shekhawati Industries Limited successfully conducted its 35th Annual General Meeting on June 17, 2026, with all seven resolutions passing with over 99.99% majority. Key approvals included the adoption of FY26 audited financial statements and an increase in the company's authorized share capital. Shareholders also sanctioned amendments to the Main Object Clause of the Memorandum of Association and approved material related party transactions with Vinayak Clothings Private Limited. Furthermore, transactions under Section 185 regarding loans and guarantees were authorized.
- All 7 resolutions passed with a near-unanimous majority of 99.99% of votes cast.
- Shareholders approved an increase in authorized share capital and subsequent alteration of the Memorandum of Association.
- A special resolution was passed to amend the Main Object Clause, indicating a potential shift or expansion in business focus.
- Material related party transactions with Vinayak Clothings Private Limited were approved with 3,16,985 votes in favor.
- Ratification of remuneration for the Cost Auditor for the financial year 2026-2027 was confirmed.
Shekhawati Industries Limited conducted its 35th Annual General Meeting on June 17, 2026, to deliberate on seven key resolutions. Significant items included the adoption of FY26 audited financial statements, an increase in the company's Authorized Share Capital, and an amendment to the Main Object Clause of the Memorandum of Association. The meeting also addressed material related party transactions with Vinayak Clothings Private Limited and approvals for transactions under Section 185. Final voting results are expected to be disclosed within two working days.
- Concluded 35th AGM on June 17, 2026, covering seven ordinary and special resolutions.
- Proposed an increase in Authorized Share Capital and subsequent alteration of the Memorandum of Association.
- Sought shareholder approval for an amendment to the Main Object Clause, suggesting potential business diversification.
- Addressed material related party transactions with M/s. Vinayak Clothings Private Limited.
- Voting results to be declared within 48 hours and posted on NSDL and company websites.
Shekhawati Industries Limited has acquired an additional land parcel in Karjat, Maharashtra, to bolster its real estate and business expansion plans. The acquisition is strategically timed to leverage the "Mumbai 3.0" development vision and the upcoming Panvel-Karjat suburban railway corridor. The company aims to develop premium residential and wellness projects in this high-growth corridor, which is within a two-hour radius of Mumbai and Pune. This move strengthens the company's asset base in the Mumbai Metropolitan Region (MMR) near the upcoming Navi Mumbai International Airport.
- Acquisition of additional land in Karjat, Maharashtra, for business and real estate expansion.
- Strategic positioning within the 'Mumbai 3.0' development zone and the MMR ecosystem.
- Proximity to major infrastructure projects including the Panvel-Karjat railway and Navi Mumbai International Airport.
- Focus on high-quality, future-ready projects across residential, wellness, and tourism sectors.
Shekhawati Industries has announced a major strategic pivot by amending its Memorandum of Association to include Renewable Energy and Agriculture as new business objects. The company aims to enter high-growth sectors such as green hydrogen, EV charging, and precision farming, moving beyond its traditional textile roots. Additionally, the board approved material related party transactions with four entities, including SKI Realtech and Vinayak Clothings, which require shareholder approval. The 35th Annual General Meeting is scheduled for June 17, 2026, to formalize these changes.
- Proposed diversification into Renewable Energy including solar, wind, green hydrogen, and EV infrastructure.
- Entry into Agriculture sector covering organic farming, hydroponics, and agri-logistics.
- Approval of material related party transactions with 4 group companies subject to shareholder vote.
- 35th Annual General Meeting (AGM) scheduled for June 17, 2026, via video conferencing.
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.
