Gujarat HC stays Shashijit arbitration proceedings until June 18

Shashijit Infraprojects Limited has informed the exchanges that the Hon'ble High Court of Gujarat has stayed the arbitration proceedings initiated by the company against Vapi Municipal Corporation. The Common Oral Order dated June 2, 2026, was received by the company on June 3, 2026, and halts the arbitration until the next hearing on June 18, 2026. The legal dispute concerns a leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika), where the company had initiated arbitration to protect and enforce its contractual rights.

The opposing party approached the High Court, resulting in the interim stay of the arbitration proceedings. The matter is currently pending adjudication before the Hon'ble High Court of Gujarat, and no final determination on the merits of the case has been made as of the date of this disclosure. The company had previously disclosed the dispute regarding the leased property.

Key Details of the Proceedings

The following table outlines the status and developments regarding the litigation:

Sr. No.	Type of Disclosure	Details
a)	Change in status and/or development	Referring to the Company's earlier disclosure regarding the dispute in relation to the leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika), and in furtherance of the legal remedies contemplated by the Company, arbitration proceedings were subsequently initiated for protection and enforcement of the Company's contractual rights and interests. However, the opposing Party i.e. Vapi Municipal Corporation (erstwhile Vapi Nagar Palika) approached the Hon'ble High Court of Gujarat, and availed an Interim Common Oral Order dated 2nd June, 2026, staying the Arbitration proceeding initiated by the Company, until the next date of hearing i.e. 18th June, 2026. The matter is presently pending for adjudication before the Hon'ble High Court of Gujarat and no final determination on the merits of the case has been made as on the date of this disclosure.
b)	Litigation against key management personnel	Not Applicable
c)	Settlement details	Not Applicable

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Neha Mewara, Company Secretary & Compliance Officer, signed the filing on June 4, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+2.02%	-8.00%	-34.29%	-62.96%	-92.14%

Shashijit Infraprojects returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹48.99 lakh compared to a net loss of ₹310.58 lakh in the previous year. The company's revenue from operations rose to ₹23.44 crore for FY26, up from ₹22.87 crore in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹36.18 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditor, M/s Kakaria and Associates LLP, issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted newspaper clippings of the results published in the Financial Express and The Indian Express on June 1, 2026, to BSE Limited under Regulation 47(1)(b) of the SEBI (LODR) Regulations, 2015.

Total expenses for the year decreased to ₹23.74 crore from ₹26.76 crore in the previous year. The company reported earnings per share (EPS) of ₹0.067 for the basic and diluted categories for FY26, compared to a loss per share of ₹0.582 in FY25. The paid-up equity share capital remained unchanged at ₹14.53 crore.

Financial Performance

The following table outlines the key financial metrics for Shashijit Infraprojects for the year and quarter ended March 31, 2026:

Particulars	Year Ended March 31, 2026 (₹ in Hundred)	Year Ended March 31, 2025 (₹ in Hundred)	Quarter Ended March 31, 2026 (₹ in Hundred)
Revenue from operations	23,44,443	22,87,474	6,65,189
Total Revenue	24,01,056	23,07,031	6,86,514
Total Expenses	23,74,896	26,76,156	6,92,308
Profit/(Loss) before tax	26,160	(3,69,124)	(5,795)
Net Profit/(Loss)	48,996	(3,10,582)	36,183

Balance Sheet Highlights

The company's total assets stood at ₹36.68 crore as of March 31, 2026, compared to ₹33.60 crore in the previous year. Equity and liabilities increased to ₹36.68 crore, driven by a rise in current liabilities to ₹21.09 crore from ₹17.38 crore. Shareholders' funds improved to ₹15.47 crore from ₹14.94 crore.

Regulatory Disclosures

Shashijit Infraprojects confirmed that it does not fall under the Large Corporate Category as of March 31, 2026, and therefore compliance with the relevant SEBI circular dated October 19, 2023, is not applicable. The company reported no outstanding qualified borrowings or debt securities issuance during the year. There were no investor complaints pending as of March 31, 2026.