Shristi Infrastructure Development Corporation Limited has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board of Directors approved these results, which are prepared in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report highlights various financial metrics, including revenue, expenses, profit/loss, and comprehensive income, alongside auditor’s review findings.
Financial Results for September 30, 2026
Shristi Infrastructure Development Corporation Limited has officially released its unaudited standalone and consolidated financial results for the quarter and half year that concluded on September 30, 2026. The announcement, dated November 14, 2026, confirms the approval of these results by the company’s Board of Directors during a meeting held on the same day.
Auditor’s Review and Key Findings
The financial statements were reviewed by R Kothari & Co LLP, Chartered Accountants. Their report includes a qualified conclusion, primarily due to issues related to the non-provision and default of interest expense on borrowings from Srei Equipment Finance Limited. This has led to a potential understatement of finance costs and consequential impact on other reported financials. The auditors also noted material uncertainty related to going concern due to consecutive losses and erosion of net worth. Furthermore, the report details unresolved matters concerning subsidiaries undergoing insolvency proceedings, including Sarga Udaipur Hotels & Resorts Private Limited and Sarga Hotel Private Limited, and an arbitration dispute with Rishima SA Investments LLC.
Financial Performance Highlights
The unaudited standalone and consolidated financial results provide a detailed breakdown of revenues, expenses, profits, and other comprehensive income. For the half year ended September 30, 2026, the consolidated figures show a net loss. The accompanying statements detail various financial ratios and disclosures as per SEBI regulations, including debt equity ratios and interest coverage ratios.
The company has also disclosed additional information regarding its Non-Convertible Debentures (NCDs), including their rating, security, and repayment schedules. Notes to the financial statements provide further context on significant events, such as the acquisition of Shristi Realty Holdings Limited, a tripartite agreement concerning shared services, and cancellations of units that impacted revenue recognition.
Source: BSE
