Shervani Industrial Syndicate has corrected borrowing figures in its financial results for the quarter and year ended March 31, 2026, following the identification of a typographical error in the previously disclosed Statement of Assets and Liabilities. The company stated that the discrepancy was inadvertent and has now provided the revised figures for both standalone and consolidated financial statements.

The correction materially alters the reported debt obligations. In the standalone financials, current borrowings were revised downward from ₹6080 lakh to ₹71 lakh, while non-current borrowings were adjusted upward from ₹1119 lakh to ₹7128 lakh. Consequently, total current liabilities decreased from ₹19649 lakh to ₹13640 lakh, and total non-current liabilities increased from ₹1411 lakh to ₹7420 lakh.

Similar adjustments were made to the consolidated financial results. Current borrowings were corrected to ₹71 lakh from the originally reported ₹6080 lakh. Non-current borrowings were revised to ₹7128 lakh, up from ₹1119 lakh. Total current liabilities in the consolidated statement were restated to ₹13690 lakh, compared to the initial ₹19699 lakh, while total non-current liabilities were adjusted to ₹7435 lakh from ₹1426 lakh.

The following table details the corrections made to the standalone financial figures:

The revised figures should be read in place of the data submitted earlier. The corrigendum was signed by Shrawan Kumar Shukla, Company Secretary, on June 10, 2026.

Shervani Industrial Syndicate Limited has received its Annual Secretarial Compliance Report (ASCR) for the financial year ended 31st March 2026, prepared by K. O. Siddiqui, Practicing Company Secretary of Siddiqui & Associates, New Delhi. The report has been issued pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, and NSE Circular Ref No: NSE/CML/2023/30 dated April 10, 2023. The examination covered all relevant documents, filings, and submissions made by the listed entity to the stock exchanges, as well as the company's website and other relevant records.

GST Non-Compliance: Key Deviation Noted

The report identifies one compliance deviation for the review period. The Asst. Commissioner, CGST & Central Excise Division – II Allahabad issued a demand against the company under Sections 74 & 50 of the Central Goods and Services Tax Act, 2017, pertaining to non-payment of GST under reverse charge. The details of the deviation are presented below:

Aggrieved by the order, the company has decided to file an appeal against the aforesaid demand within the timeline prescribed under the Act.

Broad Regulatory Compliance Maintained

Aside from the GST-related deviation, the report confirms that Shervani Industrial Syndicate has maintained compliance across a wide range of SEBI regulations and secretarial requirements during the review period. The following table summarises the compliance status across key parameters:

The company's statutory auditor, M/s P. L. Tandon, Chartered Accountant, was appointed at the AGM held on 30.09.2022, and the clause pertaining to auditor resignation was accordingly marked as not applicable.

Regulations Examined and Scope

The secretarial compliance review covered the following key regulations, with certain regulations noted as not applicable for the year ended 31st March 2026:

• Applicable: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; SEBI (Prohibition of Insider Trading) Regulations, 2015
• Not Applicable: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018; SEBI (Buyback of Securities) Regulations, 2018; SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021; SEBI (Issue and Listing of Debt Securities) Regulations, 2008

With respect to previous reports, no prior observations were received, and accordingly, all related compliance fields were marked as not applicable or nil.

Assumptions and Limitations

The report notes that compliance with applicable laws and the authenticity of documents and information furnished remain the responsibility of the company's management. The practicing company secretary has clarified that the report is based solely on examination of relevant documents and information, and does not constitute an audit or expression of opinion. Financial records and books of account were not verified as part of this exercise. The report is intended solely for compliance purposes under Regulation 24A(2) of the SEBI (LODR) Regulations, 2015, and does not serve as an assurance of the company's future viability or the efficacy of its management. The report was signed by K. O. Siddiqui (FCS 2229, CP 1284, UDIN: F002229H000267331) at New Delhi on 4th May 2026.