Shish Industries approved the re-appointment of its cost auditor and finalized the draft notice for its Annual General Meeting during a board meeting held on August 24, 2026. The Surat-based manufacturer also proposed alterations to its Articles of Association to align with regulatory requirements for marking specified securities as non-transferable.

The Board of Directors convened at 12:30 pm and concluded at 1:00 pm. Key resolutions included the appointment of M/s. V.M. Patel & Associates as cost auditor for the financial year 2026-27, effective from April 1, 2026. The firm, established in 2012, holds Firm Registration No. 101519.

Corporate Governance Updates

The company proposed inserting a new Article 209 into its Articles of Association. This amendment relates to "Marking of Specified Securities as Non-Transferable pursuant to Applicable Laws." The change requires approval via a Special Resolution at the AGM. The company stated there is no financial or operational impact from this alteration.

AGM Logistics

Shish Industries appointed National Securities Depository Limited (NSDL) as the Remote E-Voting Agency for the upcoming AGM. Additionally, M/s ALAP & Co. LLP (LLPIN: ACA-1561) was appointed as the Scrutinizer to ensure fair and transparent e-voting processes. The draft Directors' Report for FY25-26 was also considered and approved.

The full AGM notice will be submitted to stock exchanges once emailed to eligible shareholders.

Shish Industries reported a 20% decline in net profit to ₹875.94 lakh for the financial year ended March 31, 2026, despite a 4.6% increase in revenue from operations to ₹12,326.12 lakh. The Board of Directors approved the audited standalone and consolidated financial results on May 29, 2026, with statutory auditors M/s. KPCM & Co. issuing an unmodified opinion on the statements. On a consolidated basis, the company recorded a Q4 net profit of 1.3M Rupees, a turnaround from a loss of 4M Rupees in the same period last year, while Q4 consolidated revenue rose to 382M Rupees from 355M Rupees year-on-year.

Revenue from operations for the standalone year rose from ₹11,778.82 lakh in the previous fiscal year, while total income increased to ₹13,016.72 lakh. However, total expenses for the year climbed to ₹11,788.02 lakh, up from ₹11,331.34 lakh in FY25, impacting the bottom line. For the quarter ended March 31, 2026, the company recorded a standalone net profit of ₹41.15 lakh, a significant drop from ₹412.91 lakh in the same period last year.

The company's paid-up equity share capital increased to ₹4,219.51 lakh in FY26 from ₹3,795.16 lakh in the previous year. Earnings per share (EPS) for the year stood at ₹0.23, compared to ₹0.30 in FY25. The financial results were reviewed by the Audit Committee and subsequently approved by the Board.

On the balance sheet front, total assets stood at ₹23,415.43 lakh as of March 31, 2026, compared to ₹15,226.28 lakh a year ago. Equity attributable to equity holders of the company rose to ₹19,144.24 lakh from ₹10,814.95 lakh in the previous year. The company reported cash and cash equivalents of ₹513.53 lakh at the end of the fiscal year.

The Board also reviewed the utilization of funds raised through a preferential issue on February 26, 2026, amounting to ₹7,234.28 lakh. The monitoring agency, Brickwork Ratings India Private Limited, confirmed there was no deviation in the use of funds. The funds were allocated towards investments in subsidiaries, capital expenditure, and working capital requirements.

Standalone Financial Results (FY26)

The following table summarizes the key standalone financial metrics for the year ended March 31, 2026, compared to the previous year:

Q4 Consolidated Performance

On a consolidated basis, Shish Industries posted a notable year-on-year improvement in Q4, swinging to profitability from a loss position in the prior year period. The following table presents the key Q4 consolidated metrics:

Utilization of Issue Proceeds

The Board reviewed the deployment of funds raised through the preferential issue. The table below details the original allocation against actual utilization across each designated object: