Shah Construction Company Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the company's share dematerialisation activities during the fourth quarter of FY26.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 8, 2026. Company Secretary and Compliance Officer Apeksha Jenil Shah submitted the documentation to BSE Limited's Corporate Relationship Department, ensuring adherence to prescribed regulatory timelines.

Share Dematerialisation Activity

During the quarter ended March 2026, the company processed dematerialisation requests for a total of 45 shares across two separate transactions. The registrar and share transfer agent, Purva Sharegistry (I) Pvt. Ltd., confirmed that all security certificates received for dematerialisation were properly verified and processed within the prescribed timelines.

Registrar Confirmation

Purva Sharegistry (I) Pvt. Ltd., the company's SEBI-registered share transfer agent (Registration No. INR000001112), provided comprehensive confirmation of compliance procedures. Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that:

• All security certificates received from depository participants were confirmed to depositories
• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Physical certificates were mutilated and cancelled after due verification
• Depositories' names were substituted in the register of members as registered owners

Corporate Governance

The filing demonstrates Shah Construction Company Limited's commitment to maintaining transparent corporate governance practices and regulatory compliance. The systematic processing of dematerialisation requests ensures shareholders can efficiently convert their physical share certificates to electronic form, facilitating easier trading and transfer of securities.

Shah Construction Company Limited has announced its unaudited financial results for the quarter and nine months ended 31st December, 2025, showing mixed performance with reduced losses but continued challenges. The Board of Directors approved these results at their meeting held on 12th February, 2026.

Quarterly Financial Performance

The company's Q3FY26 performance showed signs of improvement compared to the previous year, though losses persisted. Revenue from operations demonstrated strong growth momentum during the quarter.

The company's total expenses for Q3FY26 stood at ₹241.68 lakhs compared to ₹305.87 lakhs in Q3FY25, representing a significant reduction of 20.97%. Finance costs remained the largest expense component at ₹135.85 lakhs, though this decreased from ₹144.49 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine months ended 31st December, 2025, Shah Construction showed consistent improvement across key financial parameters. The company's operational revenue growth remained robust throughout the period.

The nine-month results indicate better cost management, with total expenses increasing only marginally by 1.94% despite significant revenue growth. Employee benefits expense rose to ₹84.72 lakhs from ₹51.49 lakhs, while other expenses decreased substantially to ₹203.47 lakhs from ₹255.05 lakhs.

Expense Structure and Cost Management

The company's expense profile shows strategic cost optimization efforts. Finance costs continue to represent the largest expense category, accounting for ₹403.59 lakhs during the nine-month period compared to ₹370.08 lakhs in the previous year.

Key expense components for nine months FY26:

• Finance Costs: ₹403.59 lakhs
• Other Expenses: ₹203.47 lakhs
• Employee Benefits: ₹84.72 lakhs
• Depreciation: ₹6.25 lakhs

Earnings Per Share and Sequential Performance

The company's earnings per share improved significantly to ₹-25.79 for Q3FY26 from ₹-106.23 in Q3FY25. On a sequential basis, the quarterly loss of ₹41.59 lakhs in Q3FY26 was lower than the ₹60.93 lakhs loss reported in Q2FY26, indicating progressive improvement.

Regulatory Compliance and Audit

The financial results were reviewed by M/s. Mittal & Associates, Chartered Accountants, who issued a limited review report. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follow Indian Accounting Standards (Ind-AS). The company will publish these results in newspapers as required under Regulation 47 of SEBI LODR.