Shantai Industries Limited has announced the outcome of its Board Meeting held on August 10, 2026. The board approved the standalone unaudited financial results for the quarter ended June 30, 2026. Additionally, four new directors were appointed, including three Executive Directors and one Non-Executive Independent Director. The company also proposed a change in its name from “Shantai Industries Limited” to “Radhe Dhokla Retail Limited”, subject to shareholder and regulatory approvals.
Board Meeting Outcome and Financials
The Board of Directors of Shantai Industries Limited convened on Monday, August 10, 2026, to discuss and approve key business matters. The meeting resulted in the approval of the standalone unaudited financial results for the quarter that concluded on June 30, 2026. These results, along with the Limited Review Report, have been submitted as required by SEBI regulations.
Director Appointments
In a significant governance update, the Board approved the appointment of four new directors. Mr. Jinesh Kanaiyalal Pandav (DIN: 09544359), Mr. Nikunj Vijaybhai Prajapati (DIN: 09544361), and Mr. Dishant Kanubhai Pandav (DIN: 09544360) have been appointed as Additional Directors in the capacity of Executive Directors. Furthermore, Mr. Keyur Gordhanbhai Kaklotar (DIN: 11464818) has been appointed as an Additional Director in the capacity of Non-Executive Independent Director. All appointments are effective from August 10, 2026, and are subject to shareholder approval.
Proposed Name Change and Business Expansion
The company also announced a proposed change of its name from “Shantai Industries Limited” to “Radhe Dhokla Retail Limited“. This change is contingent upon the approval of shareholders and the Ministry of Corporate Affairs, along with necessary amendments to the company’s Memorandum and Articles of Association. Concurrently, the Board recommended the alteration of the Memorandum of Association (MOA) to include new object clauses enabling the company to undertake business activities in the food and beverage sector. This includes food processing, packaging, and food service operations, aimed at expanding business activities and exploring new growth opportunities.
Financial Highlights (Unaudited Standalone)
For the quarter ended June 30, 2026, the company reported a Total Income of ₹160.46 Lakhs. The Total Expenses amounted to ₹197.97 Lakhs, resulting in a Profit before Exceptional items and Tax of (₹37.51 Lakhs). After accounting for tax expenses, the Profit/Loss for the period from Continuing Operations stood at (₹41.04 Lakhs). The Total Comprehensive Income for the period was also (₹41.04 Lakhs). Earnings Per Equity Share (Basic and Diluted) were reported at (₹0.55) for the quarter.
Source: BSE
