Shigan Quantum Technologies Limited reported a 19.2% decline in net profit to ₹686.10 lakh for the financial year ended March 31, 2026, down from ₹849.03 lakh in the previous year. The company's revenue from operations increased to ₹22,862.70 lakh for FY26, compared to ₹21,060.91 lakh in the corresponding period last year. The board of directors has recommended a final dividend of ₹0.50 per equity share, or 5%, subject to approval by members at the ensuing Annual General Meeting.

The statutory auditors, Arun Naresh & Co., issued an unmodified opinion on the audited standalone and consolidated financial results for the year. The board meeting, held on May 28, 2026, approved the financial results and the dividend recommendation. The record date for determining shareholder entitlement for the dividend will be intimated in due course.

Financial Performance

For the year ended March 31, 2026, total expenses stood at ₹22,173.48 lakh, up from ₹20,038.64 lakh in FY25. The company reported a profit before tax of ₹958.22 lakh, a decrease from ₹1,143.86 lakh in the prior year. Earnings per share (EPS) for the year declined to ₹3.38 from ₹4.57 in the previous year.

Segment Reporting

The company is engaged in the business of manufacturing and providing services of Alternate Fuel System Components, FDSS & FPS for CNG and LPG, and Electronics Manufacturing Services for Automotive and Non-Automotive Applications. In the context of Accounting Standard (AS) 17 "Segment Reporting", the company constitutes a single primary segment and does not have a secondary segment.

Utilization of Issue Proceeds

The statutory auditors certified the utilization of issue proceeds from the preferential issue of convertible warrants. Out of the total amount disclosed of ₹2,543.81 lakh, ₹1,070.91 lakh was actually utilized. The company invested ₹1,200 lakh in the equity share capital of Shigan Electronics Private Limited, a wholly owned subsidiary. Unutilized funds totaling ₹272.90 lakh were kept in fixed deposits and current accounts.