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Shigan Quantum Technologies Limited (SHIGAN)

📊 NSE: SHIGAN 🏢 Auto Ancillaries 📢 Latest filing: 28 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Shigan Quantum's revenue was ₹109 Cr (+3.8% year on year, -0.6% on the previous half-year), and net profit ₹4.0 Cr (-20.0% year on year); the operating margin was 9.2%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹109	+3.8%	-0.6%
Operating profit	₹10.0	+0.0%	+14.6%
Net profit	₹4.0	-20.0%	+63.9%
EPS (₹)	2.12	-5.8%	+76.7%
Operating margin	9.2%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Shigan Quantum Shareholders Approve All 8 AGM Resolutions With 100% Votes In Favour

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Sep 2026, 07:50 PM

Shigan Quantum Technologies has announced the voting results for its Annual General Meeting held on September 25, 2026. All eight ordinary resolutions were passed unanimously with 100% of polled votes in favour. Key approvals include the adoption of FY26 financial statements, declaration of final dividend, material related party transactions for both the company and its subsidiary, and an increase in authorised share capital. Promoters, holding 14,175,900 shares, abstained from voting on the related party transaction resolutions as required.

All 8 resolutions passed with 100.00% votes in favour of total votes polled
Total voting capital comprised 20,327,400 shares with 750 shareholders on record date
Material related party transactions (Items 6 & 7) passed with 1,153,500 public non-institutional votes while promoters abstained
Approved increase in authorised share capital and consequent alteration to Memorandum of Association

💡 Track the disbursement timeline for the final dividend and follow future disclosures regarding any subsequent equity fundraise or rights issue following the increase in authorised share capital.

Shigan Reports FY26 Revenue of ₹231.32 Cr; Alternative Fuel Systems Drives 64% of Sales

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 06:31 PM

Shigan Quantum Technologies submitted its Chairman's Speech from the 18th Annual General Meeting held on September 25, 2026. The company reported FY 2025-26 revenue of ₹231.32 crore, anchored by its Alternative Fuel Systems business which contributed ₹145.6 crore (approx. 64% of revenue) with 7% growth. Its Fire Protection Systems (safety) division generated ₹56.4 crore (24% of revenue, growing 17.5%), while Automotive Electronics contributed ₹26.6 crore (12% of revenue). The update provides strategic commentary on transitioning towards clean fuels, safety, and EV electronics.

Delivered full-year FY 2025-26 revenue of ₹231.32 crore
Alternative Fuel Systems generated ₹145.6 crore (~64% of total revenue), registering ~7% growth
Fire Protection Systems contributed ₹56.4 crore (~24% of revenue) with a growth of ~17.5%
Electronics division via subsidiary Shigan Electronics Private Limited delivered ₹26.6 crore (~12% of revenue)

💡 Track subsequent quarterly financial filings to assess margin performance and the traction of the higher-growth electronics and fire protection segments.

Shigan Quantum AGM Approves FY26 Financials, Dividend, and Authorized Capital Hike

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 06:20 PM

Shigan Quantum Technologies Limited held its Annual General Meeting on September 25, 2026. Shareholders approved all agenda items with the requisite majority, including the adoption of FY26 standalone and consolidated financial statements, final dividend declaration, and approval of material related party transactions. Additionally, an increase in the authorized share capital alongside alterations to the Memorandum of Association was approved, paving the way for future capital initiatives. Detailed voting tallies and the Scrutinizer's report are pending submission to the exchange.

AGM conducted on 25th September, 2026, commencing at 12:30 p.m. and concluding at 1:10 p.m. IST
Approval granted for adoption of audited standalone and consolidated financial statements for FY ended 31st March, 2026
Shareholders approved increase in the authorised share capital and consequent alteration to Memorandum of Association
Approval given for material related party transactions for both the company and its subsidiary
All resolutions approved with requisite majority via poll scrutinized by Practicing Company Secretary Manish Manwani

💡 Track the formal disclosure of the scrutinizer's report and voting percentages, alongside future board announcements detailing why authorized share capital was expanded.

Shigan Quantum Receives DSIR In-House R&D Unit Recognition Valid Until March 2029

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 10 Sep 2026, 03:02 PM

Shigan Quantum Technologies has received official recognition and registration for its in-house R&D unit at IMT Manesar, Gurugram, from the Department of Scientific and Industrial Research (DSIR). The recognition and registration were granted on September 9, 2026, and are valid from August 25, 2026, to March 31, 2029. This status allows the company to avail customs duty exemptions for research purposes and access financial assistance under the Haryana Progressive MSME & Export Promotion Policy, 2026. While commercially positive for operational cost savings, exact monetary benefits were not disclosed.

DSIR recognition and certificate of registration granted on September 9, 2026
Approval covers in-house R&D unit at IMT Manesar, Gurugram, Haryana
Validity period spans from August 25, 2026, to March 31, 2029
Enables customs duty exemptions on research equipment and eligibility for Haryana MSME policy benefits

💡 Track upcoming quarterly financial disclosures to see if customs duty savings or state MSME incentives result in reduced operational and R&D capital expenditure.

Shigan Quantum Dispatches FY26 Annual Report; 18th AGM Scheduled on Sep 25, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Aug 2026, 11:37 AM

Shigan Quantum Technologies has released its Annual Report for FY 2025-26 along with the notice convening its 18th Annual General Meeting (AGM) on September 25, 2026. For FY26, the company reported consolidated revenue from operations of ₹218.43 crore (₹21,842.55 lakhs) compared to ₹210.97 crore in FY25, while consolidated net profit declined to ₹6.75 crore (₹675.07 lakhs) from ₹8.73 crore. The Board has recommended a final dividend of 5% (₹0.50 per equity share of face value ₹10). AGM agenda items include adoption of FY26 financials, related party transaction approvals, and an increase in authorized share capital.

Consolidated revenue from operations for FY26 reached ₹218.43 crore vs ₹210.97 crore in FY25
Consolidated net profit stood at ₹6.75 crore in FY26 compared to ₹8.73 crore in FY25
Recommended dividend of ₹0.50 per equity share (5% on face value of ₹10)
18th AGM scheduled for September 25, 2026 at Bellanta Hotel, New Delhi
AGM agenda includes approval of material related party transactions and increase in authorised share capital

💡 Track shareholder voting outcomes from the AGM on September 25, 2026, and monitor upcoming H1 FY27 earnings performance.

Aug 28 Set as Record Date for Final Dividend; AGM Scheduled for Sep 25

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 12 Aug 2026, 04:03 PM

Shigan Quantum Technologies has fixed August 28, 2026, as the record date to determine eligibility for a final dividend, which is subject to shareholder approval at the upcoming AGM. The 18th Annual General Meeting is scheduled for September 25, 2026. Additionally, the board has re-appointed SPB & Co. as Cost Auditors and ASC Consulting Pvt. Ltd. as Internal Auditors for FY 2026-27. The company currently operates with a TTM revenue of ₹430 Cr and a market capitalization of ₹122 Cr.

Record date for final dividend entitlement fixed as August 28, 2026
18th Annual General Meeting (AGM) to be held on September 25, 2026
Re-appointment of Cost and Internal Auditors approved for the 2026-27 financial year
TTM Revenue of ₹430 Cr against a relatively small market cap of ₹122 Cr
Promoter holding remains stable at 69.74% as of March 2026

💡 Investors should monitor the upcoming AGM notice for the specific dividend amount per share. Ensure shares are held before the ex-dividend date (typically one day prior to the record date) to qualify for the payout.

Aug 28 set as Record Date for Dividend; 18th AGM scheduled for Sept 25

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 12 Aug 2026, 03:59 PM

Shigan Quantum Technologies has scheduled its 18th Annual General Meeting (AGM) for September 25, 2026. The Board has fixed August 28, 2026, as the Record Date to determine shareholder eligibility for a final dividend, if approved at the AGM. Additionally, the company re-appointed M/s. SPB & Co. as Cost Auditors and ASC Consulting Pvt. Ltd. as Internal Auditors for FY 2026-27. These administrative steps follow a fiscal period where the company maintained a TTM revenue of Rs 430 Cr with a 9.2% operating margin.

18th Annual General Meeting (AGM) to be held on September 25, 2026, at 12:30 p.m.
Record Date for final dividend eligibility fixed as August 28, 2026.
Re-appointment of Cost Auditors (SPB & Co.) and Internal Auditors (ASC Consulting) for FY 2026-27.
Board meeting concluded within 95 minutes, starting at 2:10 p.m. and ending at 3:45 p.m.

💡 Investors should look for the formal AGM notice to confirm the proposed dividend amount and review the annual report for updates on the integration of Shigan Electronics.

Aug 28 set as Record Date for Dividend; AGM scheduled for Sep 25, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 12 Aug 2026, 03:57 PM

Shigan Quantum Technologies has scheduled its 18th Annual General Meeting (AGM) for September 25, 2026. The company has fixed August 28, 2026, as the record date to determine eligibility for the final dividend, pending shareholder approval. Additionally, the board has re-appointed M/s. SPB & Co. as Cost Auditors and ASC Consulting Pvt. Ltd. as Internal Auditors for the 2026-27 financial year. These are routine administrative steps following the close of the previous fiscal year.

Record date for final dividend eligibility fixed for August 28, 2026
18th Annual General Meeting (AGM) to be held on September 25, 2026, at 12:30 p.m.
Re-appointment of ASC Consulting Pvt. Ltd. as Internal Auditors for FY 2026-27
Re-appointment of M/s. SPB & Co. as Cost Auditors for FY 2026-27
Board meeting concluded within 95 minutes (2:10 p.m. to 3:45 p.m.)

💡 Investors should monitor the upcoming AGM notice for the specific dividend amount and review the annual report for updates on the integration of Shigan Electronics.

Shigan Quantum sets Aug 28 as Record Date for Final Dividend; 18th AGM on Sept 25

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 12 Aug 2026, 03:55 PM

Shigan Quantum Technologies has scheduled its 18th Annual General Meeting (AGM) for September 25, 2026. The Board has fixed August 28, 2026, as the record date to determine shareholder eligibility for a final dividend, though the specific dividend amount was not disclosed in this filing. Additionally, the company re-appointed M/s. SPB & Co. as Cost Auditors and ASC Consulting Pvt. Ltd. as Internal Auditors for FY 2026-27. These routine governance steps come as the company manages a TTM revenue of ₹430 Cr and a market cap of ₹122 Cr.

18th Annual General Meeting (AGM) to be held on September 25, 2026
Record date for final dividend entitlement fixed for August 28, 2026
Re-appointment of Cost Auditors and Internal Auditors approved for FY 2026-27
Company maintains a TTM revenue of ₹430 Cr with a current P/E of 7.9
Consolidated Net Profit previously fell 39.3% YoY to ₹2.58 Cr in H1 FY26

💡 Investors should look for the upcoming AGM notice to confirm the final dividend amount and monitor management commentary regarding the 39.3% YoY decline in H1 FY26 profitability.

View All SHIGAN Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew 3.75% YoY to INR 109.62 Cr in H1 FY26, compared to INR 105.66 Cr in H1 FY25. Segment-specific growth percentages were not disclosed as the company operates in a single reportable segment.

Geographic Revenue Split

Not disclosed in available documents, though the company maintains an international presence through its subsidiary E Mobility Exim Pte Ltd.

Profitability Margins

Net Profit Margin declined from 4.02% in H1 FY25 to 2.35% in H1 FY26. Consolidated Net Profit fell 39.3% YoY to INR 2.58 Cr from INR 4.25 Cr, primarily due to higher interest and operational costs.

EBITDA Margin

EBITDA Margin is approximately 8.2% for H1 FY26, calculated from an operating profit before working capital changes of INR 9.90 Cr on total revenue of INR 109.89 Cr.

Capital Expenditure

The company invested INR 2.33 Cr in the purchase of fixed assets during H1 FY26. Additionally, it completed a strategic investment of INR 12.00 Cr for the acquisition of equity shares in its wholly-owned subsidiary, Shigan Electronics Private Limited.

Credit Rating & Borrowing

Not disclosed. However, consolidated interest expenses rose to INR 3.78 Cr in H1 FY26, representing 3.4% of total revenue.

⚙️ Operational Drivers

Raw Materials

Electronic components, PCBs, and assembly parts for product engineering and electronics manufacturing services, representing 62.7% of total revenue (INR 68.81 Cr).

Capacity Expansion

Not disclosed. Current focus is on the integration of Shigan Electronics Private Limited (incorporated June 2023) to enhance end-to-end design and manufacturing capabilities.

Raw Material Costs

Raw material costs stood at INR 68.81 Cr in H1 FY26, accounting for 62.7% of revenue, up from 64.6% of revenue in the previous full year (FY25).

📈 Strategic Growth

Growth Strategy

Growth is targeted through the full integration of Shigan Electronics Private Limited, acquired for INR 12.00 Cr, to provide end-to-end product engineering and electronics manufacturing services. The company is also leveraging its Singapore-based subsidiary, E Mobility Exim Pte Ltd, for international market reach.

Products & Services

Electronic products, product engineering services, and assembly of electronic components.

Brand Portfolio

Shigan.

New Products/Services

End-to-end design and development of electronic products through the newly integrated electronics manufacturing division.

🌍 External Factors

Industry Trends

The company is positioned within the growing Electronics Manufacturing Services (EMS) and Product Engineering sector in India, focusing on the shift toward localized end-to-end design and assembly.

Competitive Moat

The company's moat is built on its integrated 'design-to-delivery' model following the acquisition of Shigan Electronics, which provides specialized product engineering capabilities that are difficult for pure-play assemblers to replicate.