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.

Shera Energy Limited held an Extra Ordinary General Meeting (EOGM) on Friday, May 15, 2026, via video conferencing. The meeting was convened to seek shareholder approval for increasing the authorised share capital and issuing share warrants on a preferential basis. The resolutions were passed with the requisite majority following the e-voting process, which was managed by M/s. S.K. Joshi & Associates, Practicing Company Secretaries, as scrutinizers.

Voting Results

The voting results were disclosed to the National Stock Exchange of India Limited on May 16, 2026. A total of 2,011 shareholders were on record as of May 08, 2026. The remote e-voting period was open from Tuesday, May 12, 2026, at 09:00 A.M. to Thursday, May 14, 2026, till 05:00 P.M. Only 15 shareholders cast their votes through remote e-voting, while no votes were cast during the EGM itself. The total votes polled amounted to 10,83,000 shares, representing 4.43% of the total outstanding shares.

Resolutions Passed

Both resolutions placed before the shareholders were approved with 100% of the votes cast in favour. The Ordinary Resolution sought an increase in the authorised share capital and the consequent alteration of the Capital Clause of the Memorandum of Association. The Special Resolution sought approval for the issuance of share warrants on a preferential basis to identified allottees.

Key Terms of the Preferential Issue

Shareholders approved the preferential allotment of up to 45,00,000 (Forty Five Lakh) fully convertible warrants. The warrants will be issued at a price of ₹118 per warrant, comprising a face value of ₹10 and a premium of ₹108. The tenure of the warrants is 18 months from the date of allotment, and each warrant will convert into one equity share upon conversion. Any warrants remaining unconverted at the end of the tenure will lapse, and the amount paid will be forfeited.

The warrants are proposed to be allotted to promoters and non-promoter investors, including Sheikh Naseem, Shivani Sheikh, Holani Venture Capital Fund-I, and Quantumgrowth Partners LLP. The issuance is subject to regulatory and statutory approvals.