Shervani Industrial Syndicate Limited appointed Bal Krishna Misra as Additional Director and Whole Time Director, designated as Executive Director, effective August 06, 2026. The Board of Directors approved the five-year term during its meeting on August 06, 2026, which also sanctioned the company’s Q1FY27 standalone net profit of ₹134 crore. This leadership appointment coincides with a significant financial turnaround, as the company reported a profit after tax (PAT) of ₹134 crore, reversing a net loss of ₹87 crore in the preceding quarter. The move aims to strengthen strategic management and corporate governance during this period of restored profitability.

Misra, who has been with the company since 2004, currently serves as General Manager (Finance & Accounts). His appointment was recommended by the Nomination and Remuneration Committee based on his over 22 years of experience in finance, corporate laws, and secretarial compliances. As an Additional Director, Misra will hold office until the ensuing Annual General Meeting (AGM) for FY25-26, where his appointment will be placed for shareholder ratification. The Board confirmed that Misra is not debarred from holding the office of director by SEBI or any other authority, in compliance with BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018.

Financial Performance Highlights

The company’s standalone revenue from operations surged to ₹460 crore in Q1FY27, up from ₹149 crore in Q4FY26. Total income on a standalone basis reached ₹594 crore, compared to ₹440 crore in the previous quarter. Consolidated revenue from operations stood at ₹560 crore, driven by ₹100 crore in job work revenue from the biscuit manufacturing segment, which contributed nil revenue in the corresponding quarter of FY26.

Segment-wise Analysis

The Real Estate segment remained the primary driver, generating ₹460 crore in standalone revenue and reporting a segment result of ₹213 crore. In the consolidated view, the Job Work segment contributed ₹100 crore in revenue but reported a segment result of (₹1) crore. The Information Technology segment reported nil revenue in Q1FY27. Segment assets for Real Estate stood at ₹31,712 crore, while liabilities were recorded at ₹20,610 crore.

What the Numbers Show

The sharp reversal in profitability is primarily attributable to tax expenses, which dropped significantly from ₹201 crore in Q4FY26 to ₹38 crore in Q1FY27. While profit before tax increased modestly from ₹114 crore to ₹172 crore on a standalone basis, the net profit swung from a loss of ₹87 crore to a gain of ₹134 crore. This divergence suggests that the previous quarter’s high tax outflow included one-time provisions or adjustments for earlier years that have now been resolved. The Statutory Auditor, P.L. Tandon & Co., issued a limited review report on these results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.