Shaival Reality Limited announced the appointment of Mr. Patel Sureshkumar Kantilal as Chief Financial Officer effective 24 April 2026. The appointment follows the resignation of Mr. Bhavya Sandeep Kamdar from the role of CFO and Key Managerial Personnel. Mr. Patel brings 30 years of experience in account and finance departments and holds a B. Com qualification. He is not related to any Directors or Key Managerial Personnel of the company and is not debarred from holding the position by any SEBI order or other authority.

The Board of Directors, in a meeting held on 24 April 2026, approved the standalone and consolidated audited financial results for the half year and year ended 31 March 2026. The meeting also approved transactions with related parties entered as per Section 188 of the Companies Act, 2013. The statutory auditors, M/s Jaimin Deliwala & Co., Chartered Accountants (Firm Registration No. 0103861W), issued an unmodified opinion on both standalone and consolidated financial statements.

Financial Performance

The company reported significant improvement in its financial performance for the year ended 31 March 2026. On a standalone basis, net profit increased to Rs. 580.73 lakh from Rs. 19.74 lakh in the previous year. Total income rose to Rs. 679.79 lakh compared to Rs. 149.01 lakh in FY25, driven primarily by other income of Rs. 676.64 lakh. The company maintained a healthy financial position with cash and cash equivalents of Rs. 1,844.39 lakh as at 31 March 2026, compared to Rs. 42.50 lakh in the previous year.

Consolidated Results

On a consolidated basis, the company reported a net profit of Rs. 580.73 lakh for FY26, compared to Rs. 19.74 lakh in the previous year. Total income stood at Rs. 680.24 lakh for the year ended 31 March 2026. The auditors noted that during the year, the company disposed of its entire equity interest in KCL SRPL JV and MCC SRPL JV to Waffle Crete (India) Pvt. Ltd. effective 14 August 2025. Consequently, the company ceased to have joint control over these joint ventures and will no longer consolidate their results in future periods.

Balance Sheet Position

The company's balance sheet remained strong with total shareholders' funds increasing to Rs. 2,177.17 lakh as at 31 March 2026 from Rs. 1,596.44 lakh in the previous year. Reserves and surplus improved significantly to Rs. 1,019.77 lakh from Rs. 439.04 lakh. The company reported a debt-free balance sheet with adequate financial resources. Non-current assets stood at Rs. 443.93 lakh, while current assets were recorded at Rs. 1,844.45 lakh, primarily comprising cash and cash equivalents.

The auditors confirmed that the company has adequate financial resources, including cash and cash equivalents, a debt-free balance sheet, and healthy reserves. Based on management's assessment, the company has sufficient resources to meet its obligations for the foreseeable future, and no material uncertainty exists regarding its ability to continue as a going concern.