Shera Energy has disclosed the link to the valuation report regarding its preferential issue of fully convertible warrants. The company confirmed that the report, referenced in the notice for the Extraordinary General Meeting dated April 17, 2026, is accessible on its official website. This disclosure follows the regulations concerning the preferential issue under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The company provided a confirmation regarding the wilful defaulter status of key entities associated with the issue. Shera Energy stated that neither the issuer company, its promoters, nor its directors have been declared as wilful defaulters by any bank, financial institution, or consortium as per Reserve Bank of India guidelines. Additionally, the company confirmed that none of these individuals or entities have been declared fugitive economic offenders under the Fugitive Economic Offenders Act, 2018.

Confirmation of Status

The disclosure detailed the compliance status of the parties involved in the preferential allotment:

The undertaking specified in the Explanatory Statement to the EGM Notice covers the issuer company, its promoters, and directors, in addition to the proposed allottees. The valuation report is available at https://www.sheraenergy.com/others.php .

Shera Energy reported a total income of ₹1,647 crore and a net profit of ₹37 crore for the financial year ended March 31, 2026. The company achieved a consolidated EBITDA of ₹94 crore, with a return on equity of 16.49% and a return on capital employed of 19.54%. The consolidated installed capacity reached 46,750 MT as on March 31, 2026.

The company operates with a forward and backward integration strategy, holding 51.01% in Rajputana Industries Limited, which focuses on recycling non-ferrous metals. Shera Energy also holds 85.55% in Shera Metal Private Limited and 99.5% in Shera Zambia Limited, which produces winding wires and cables. Rajputana Industries has an installed capacity of 13,150 MTPA.

Capacity Utilization

The consolidated capacity utilization improved to 78% in FY26 from 74% in FY25. Production data across VKIA, Kaladera and Reengus locations showed the following trends:

Financial Position

The company's net worth increased to ₹248.18 crore in FY26 from ₹153.41 crore in the previous year. Total assets stood at ₹793.20 crore, while total liabilities were reported at ₹545.01 crore. The balance sheet reflects a growth in fixed assets to ₹171.62 crore and non-current investments at ₹0.01 crore.

Current assets totaled ₹602.64 crore, comprising inventories of ₹321.98 crore and trade receivables of ₹199.03 crore. Current liabilities rose to ₹460.56 crore, driven by short-term borrowings of ₹188.61 crore and trade payables of ₹188.12 crore.