Shelter Infra Projects Limited reported a net loss of ₹1.29 lakh for the quarter ended June 30, 2026, marking a significant deterioration from the net profit of ₹12.56 lakh recorded in the corresponding period of FY26. The Kolkata-based infrastructure firm saw its revenue from operations contract to ₹55.11 lakh, down from ₹59.24 lakh year-on-year, as high general and administrative expenses outweighed operational income. The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s financial performance was heavily influenced by rising overhead costs and lackluster activity in its core construction division. While the rental segment contributed ₹54.92 lakh in revenue during the same quarter of FY26, it generated ₹55.11 lakh in Q1FY27, providing a stable cash flow base. However, this was insufficient to offset the ₹35.76 lakh spent on general and administrative expenses, which surged significantly compared to ₹27.03 lakh in Q1FY26. The construction activities segment, which had shown minimal revenue, continued to incur losses, recording a segmental result of (₹15.15) lakh.

Financial Highlights

Segment Performance

The divergence between the company’s two primary business segments highlights the structural challenges facing Shelter Infra Projects. The rental business remains the sole profit center, generating a segmental profit of ₹34.41 lakh in Q1FY27, up from ₹33.71 lakh in Q1FY26. This resilience in the rental portfolio contrasts sharply with the construction activities segment, which posted a loss of ₹15.15 lakh, worsening from a loss of ₹10.14 lakh in the previous year’s corresponding quarter.

Unallocable expenditures further pressured the bottom line. Other unallocable expenditure net off rose to ₹20.31 lakh in Q1FY27 from ₹8.17 lakh in Q1FY26. This increase, coupled with finance costs of ₹0.08 lakh and depreciation expenses of ₹2.37 lakh, eroded the operating surplus generated by the rental division. The total comprehensive income for the period stood at (₹1.37) lakh, reflecting both the net loss and other comprehensive income items that will not be reclassified to profit or loss.

What the Numbers Show

The widening net loss despite relatively stable rental revenue points to an efficiency crisis within the company’s cost structure. General and administrative expenses increased by nearly 32% year-on-year, outpacing any growth in operational output. With construction activities contributing zero revenue but accumulating losses, the company appears to be carrying significant fixed costs without corresponding project execution. The segmental data reveals that while the rental business is healthy, it is not yet large enough to absorb the drag from the unprofitable construction wing and rising corporate overheads. Investors should monitor whether management plans to divest or restructure the loss-making construction segment to improve overall profitability.

Regulatory Disclosures

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 11, 2026. BCAG & Associates, Chartered Accountants, issued a limited review report stating that nothing came to their attention to cause them to believe that the statement did not disclose the information required under Regulation 33 of the SEBI (LODR) Regulations, 2015. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and unaudited year-to-date figures up to the third quarter. The company also disclosed that a contract cancellation matter with the Military Engineering Services (MES), Kolkata Zone, remains sub judice before the Alipore Court.

Shelter Infra Projects Limited has reported a promoter holding of 55.50% in its shareholding pattern for the quarter ended June 30, 2026. The company filed the disclosure with BSE Limited and The Calcutta Stock Exchange Limited pursuant to Regulation 31(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The total equity shares of the company stand at 35,70,161. Ramayana Promoters Pvt. Ltd., identified as the promoter entity, holds 19,81,443 shares, representing the entire promoter group stake. No shares held by promoters are pledged or otherwise encumbered, according to the filing.

Public shareholders hold 15,88,718 shares, accounting for 44.50% of the total share capital. The Investor Education and Protection Fund Authority holds 1,77,232 shares, which constitutes 4.96% of the total equity. Resident individuals holding share capital up to ₹2 lakhs own 7,42,464 shares, while those holding more than ₹2 lakhs own 3,56,251 shares.

The filing confirms that the company has no partly paid-up shares, convertible securities, or shares with differential voting rights. Additionally, there are no shares held by employee trusts or non-promoter non-public shareholders. The significant beneficial owner of the company is Bithika Nag, who exercises control and significant influence over Ramayana Promoters Pvt. Ltd.

Shareholding Distribution

Major Public Shareholders