Shriyam Commodities Intermediary LLP acquired 1,83,20,010 equity shares, representing 20.94% of the equity share capital, from five members of the promoter and promoter group of Shardul Securities on 16 July 2026. The transaction, executed at a price of INR 65 per share, was part of an internal restructuring exercise among promoter group members. This acquisition significantly alters the shareholding pattern within the promoter group, consolidating a substantial portion of the equity with the acquirer.

The shares were acquired from Gagan Dinanath Chaturvedi, Shruti Gagan Chaturvedi, Mohini G Chaturvedi, Pradeep Sandeep Corporate Advisors LLP, and Kamvan Construction Private Limited. Prior to the transfer, these entities collectively held 20.94% of the company's equity. The transfer was executed in reliance upon the exemption provided under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which governs inter-se transfers among promoter group members.

Transaction Details

The acquisition was disclosed to BSE Limited under Regulation 10(6) of the Takeover Regulations. A prior intimation regarding the proposed acquisition was submitted to the exchange on 7 July 2026. The shares were acquired on or after 13 July 2026, with the specific transaction date recorded as 16 July 2026. The price of INR 65 per share falls within the range prescribed by the Takeover Regulations for such transactions.

Shareholding Pattern

Following the acquisition, the shareholding of Shriyam Commodities Intermediary LLP increased from 46,60,000 shares (5.33%) to 2,29,80,010 shares (26.27%). Conversely, the shareholding of all five sellers reduced to zero. The total promoter and promoter group holding remains unchanged at 6,54,88,962 shares, or 74.85% of the total share capital, as other members of the group did not participate in the transaction.

Shardul Securities reported a standalone net profit of ₹1,315.45 crore for the quarter ended June 30, 2026, a significant turnaround from the net loss of ₹589.54 crore in the previous fiscal year. The company recorded a total income of ₹1,733.85 crore for Q1FY26, a substantial increase from ₹805.77 crore in the corresponding quarter of the previous year. This surge was primarily driven by a net gain on fair value changes, which amounted to ₹1,716.34 crore, compared to ₹794.79 crore in the same quarter last year.

Financial Performance

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a review by the Audit Committee. The statutory auditors, Akkad Mehta & Co LLP, conducted a limited review of the results. On the expense side, total finance costs rose to ₹77.62 crore, up from ₹13.36 crore in the year-ago period. The profit before tax for the quarter stood at ₹1,631.78 crore, compared to ₹761.82 crore in the previous year.

Standalone Results

The following table details the standalone financial performance for the quarter and year ended March 31, 2026:

Consolidated Results

On a consolidated basis, the company, along with its subsidiaries Shriyam Broking Intermediary Limited and Shriyam Realtors Private Limited, reported a net profit of ₹1,426.67 crore for Q1FY26. Total consolidated income reached ₹1,894.08 crore, bolstered by a net gain on fair value changes of ₹1,842.15 crore. The consolidated profit before tax was recorded at ₹1,771.95 crore.

Operational Details

The company reclassified a significant portion of its investments in equity shares from 'Investments' to 'Stock-in-Trade' effective April 1, 2026, to align with its trading strategy. This reclassification, accounted for prospectively under Ind AS 109, does not impact the financial position or performance but alters the taxation manner for gains on the sale of these shares. Shardul Securities, a non-deposit taking NBFC classified by the Reserve Bank of India as a Base Layer NBFC, operates as a single segment focused on holding, investing, and financing activities.