Shervani Industrial Syndicate Limited reported its financial results for the year ended March 31, 2026. The company posted a profit after tax of ₹(69) Lakhs, a decrease from the previous year. The Board of Directors has recommended a dividend of 25% on ordinary and deferred shares, amounting to ₹2.50 and ₹6.25 per share, respectively. The company’s operations review indicates progress in its real estate, healthcare, and hospitality projects.
Financial Performance for FY26
Shervani Industrial Syndicate Limited announced its financial results for the fiscal year ended March 31, 2026. The company recorded a Total Revenue of ₹2,265 Lakhs, with a Profit/(Loss) for the year of ₹(69) Lakhs. This represents a decrease in profitability compared to the previous year, which recorded a profit of ₹446 Lakhs. The company’s Total Comprehensive Income for the year was ₹(17) Lakhs.
Dividend Recommendation
The Board of Directors has recommended a dividend of 25% on the Ordinary and Deferred shares. This translates to ₹2.50 per Ordinary share and ₹6.25 per Deferred share. The proposed dividend is subject to the approval of the members at the ensuing Annual General Meeting.
Operational Review
During the year under review, the company continued to make satisfactory progress across its ongoing real estate, healthcare, and hospitality projects. The construction of the Group Housing Project, “Victory Towers,” is progressing according to schedule. The company is also developing a new Group Housing Project named “Unity Tower” and a commercial center “The Point” in Prayagraj. Additionally, the company is pursuing its initiative to develop a rural eco-tourism destination at Tehsil Koraon, District Prayagraj.
Key Appointments
The Board of Directors has appointed Mr. Bal Krishna Misra as an Additional Director and subsequently as a Whole-time Director, designated as Executive Director, for a period of five years, effective from August 6, 2026, subject to shareholder approval.
Subsidiary Performance
The company’s wholly owned subsidiary, M/s Farco Foods Private Limited, incurred a loss of ₹4 Lakhs due to underutilization of capacity. The management is in discussions to increase the volume and rates to eliminate losses and is also evaluating alternative business opportunities.
Source: BSE
