Shangar Decor Limited reported an 82.2% increase in net profit for the financial year ended March 31, 2026, rising to ₹147.46 lakh from ₹80.91 lakh in the previous year. Revenue from operations grew 27% to ₹2,326.07 lakh, driven by higher activity in the wedding and theme decor sectors. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹50.71 lakh, a turnaround from the net loss of ₹158.76 lakh reported in the corresponding period of the previous year. Revenue for the quarter stood at ₹1,299.23 lakh. Total expenses for the year increased to ₹2,118.31 lakh from ₹1,731.41 lakh in FY25, primarily due to higher purchases of stock-in-trade and depreciation costs.

The board recommended the regularization of the appointment of Mr. Darshil Hemendrakumar Shah and Mr. Konark Patel as Independent Directors (Non-Executive) for a term of five years effective April 3, 2026, subject to shareholder approval. The trading window closure, implemented from April 1, 2026, will remain in effect until 48 hours after the financial results are made public.

Financial Performance for FY26

Auditor's Observations

The statutory auditor, M/s S K Bhavsar & Co., issued an audit report with an unmodified opinion. However, the report drew attention to the absence of balance confirmation letters and reconciliation statements for certain trade receivables and payables. Additionally, satisfactory supporting documents for inventory valuation and investment reliability were not furnished, raising concerns about the completeness of liabilities and the accuracy of reported assets.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company published a newspaper advertisement on May 30, 2026, containing the extract of the audited financial results. The advertisement appeared in the Business Standard newspaper and the Jai Hind newspaper.

Shangar Decor Limited has fulfilled its regulatory compliance obligations by submitting the mandatory quarterly certificate under SEBI regulations for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 7, 2026, as part of the company's ongoing regulatory requirements.

Regulatory Compliance Submission

The company submitted its confirmation certificate as required under Regulation 74(5) of the Securities and Exchange Board of India (Depository and Participant) Regulations, 2018. The certificate was issued by Purva Sharegistry (India) Private Limited, which serves as the company's Registrar and Share Transfer Agent.

Share Dematerialization Activity

The quarterly report reveals that no share dematerialization activity occurred during the period from January 1, 2026 to March 31, 2026. The dematerialization details table shows 'NIL' entries across all parameters, indicating zero transactions during this quarter.

RTA Confirmation

Purva Sharegistry (India) Private Limited, registered with SEBI (Registration Number: INR000001112), confirmed compliance with the regulatory requirements. The RTA's compliance officer, Ms. Deepali Gaonkar, certified that all securities received from depository participants for dematerialization during the quarter were properly processed within prescribed timelines.

Company Information

Shangar Decor Limited operates in the event decoration and exhibition sector, specializing in wedding decor, theme decor, exhibitions, and religious and corporate events. The company is incorporated under CIN L36998GJ1995PLC028139 and is based in Ahmedabad, Gujarat. The submission was signed by Managing Director Samirbhai Shah (DIN: 00787630).