Shivom Investment & Consultancy Limited reported a standalone net profit of ₹66.26 lakh for the quarter ended June 30, 2026, down from ₹76.07 lakh in the preceding quarter ended March 31, 2026. The company’s revenue from operations fell to ₹71.35 lakh, compared to ₹76.33 lakh in the prior quarter, reflecting a transitional phase in its business model.

The Board of Directors approved the unaudited financial results on August 14, 2026. The results were reviewed by statutory auditors Patel Soni Shah & Co., who issued an unqualified report with an emphasis of matter regarding the company’s strategic pivot.

Financial Performance

Revenue from operations declined sequentially, while total expenses remained low due to minimal operational activity in the new manufacturing segment. The company reported no other income in the current quarter, contrasting with ₹2.20 lakh recorded in the previous quarter.

Total expenses for the quarter stood at ₹5.09 lakh, comprising employee benefits of ₹1.50 lakh and other expenses of ₹3.59 lakh. There were no finance costs, depreciation, or cost of materials consumed reported for the period.

What the Numbers Show

The company’s profitability remains heavily dependent on non-operational income sources during this transition. With revenue from operations at ₹71.35 lakh and total expenses at just ₹5.09 lakh, the pre-tax profit margin is exceptionally high, indicating that the core manufacturing operations have not yet generated significant volume or cost structure. The primary income source is identified as interest from advances given, rather than product sales or service fees, highlighting the interim nature of the current revenue stream before the full realization of the manufacturing strategy.

Strategic Context

Patel Soni Shah & Co. highlighted in their review report that the company altered its main object from investment and consultancy to manufacturing during the preceding year. This change was part of a strategic revival plan implemented by new management following the Corporate Insolvency Resolution Process (CIRP).

Key regulatory developments include:

• The National Company Law Tribunal (NCLT), Mumbai Bench-IV, approved the Resolution Plan on August 18, 2025.
• Management and control are now vested with the Successful Resolution Applicant.
• An application for revocation of trading suspension and activation of equity listing was filed with the stock exchange on April 16, 2025, and remains under process.

The company continues to operate under the oversight of its new management structure as it navigates the operational shift towards manufacturing.

Shivom Investment & Consultancy Ltd adopted the audited standalone and consolidated financial statements for the year ended March 31, 2026, at its 36th Annual General Meeting held on July 7, 2026. The meeting, conducted physically at the company's registered office in Mumbai, also addressed the completion of the Corporate Insolvency Resolution Process (CIRP) and the implementation of the approved Resolution Plan as ordered by the NCLT, Mumbai Bench, on August 18, 2025. The Chairman informed members about the new management's efforts for the revival of operations and the preparation of pending financial statements.

Proceedings and Resolutions

The meeting was chaired by Mr. Ravi Dhirajlal Vagadiya, Managing Director, and attended by key board members including Mr. Kuldeep Bharatbhai Khachar, Mr. Prashant Ghanshyambhai Ukani, and Ms. Kajal Ankitbhai Pambhar. The company secretary informed members that the Auditors’ Report and Secretarial Audit Report contained certain observations and qualifications, which were explained in the Annual Report.

The items of ordinary business presented to the shareholders included the adoption of the audited financial statements for the financial year ended March 31, 2026, along with the Reports of the Directors and Auditors. Additionally, shareholders approved the re-appointment of Mr. Kuldeep Bharatbhai Khachar, Director, and the appointment of M/s. Patel Soni Shah & Co, Chartered Accountants, as Statutory Auditors for a term of 5 consecutive financial years. M/s. Ronak Jhuthawat & Co., Company Secretaries, were appointed as Secretarial Auditors for a period of 5 years.

Special resolutions passed included the appointment and regularization of Ms. Avani Vishnubhai Patel and Ms. Kajal Ankitbhai Pambhar as Independent Directors. The meeting also approved the adoption of a new set of Memorandum of Association and Articles of Association in conformity with the Companies Act, 2013. Furthermore, shareholders approved the fixation of tenure and remuneration for Mr. Ravi Dhirajlal Vagadiya as Managing Director, borrowing limits under Section 180(1)(c), and approvals for loans, guarantees, and security under Section 185, as well as limit enhancements under Section 186 of the Companies Act, 2013.

Voting Details

Shareholders were provided the facility to vote through remote e-voting and ballot paper. The remote e-voting facility, facilitated by Central Depository Services Limited (CDSL), was open from July 4, 2026, at 9:00 A.M. to July 6, 2026, at 5:00 P.M. Members who did not participate in e-voting could cast their votes via ballot paper during the meeting.

M/s. Ronak Jhuthawat & Co., Practicing Company Secretary, was appointed as the scrutinizer to oversee the voting process. The scrutinizer confirmed that the ballot box was checked and found empty and untampered before voting commenced. The resolutions were passed with the requisite majority based on the scrutinizer's report. The company submitted the voting results and the scrutinizer's report to BSE Limited on July 9, 2026, pursuant to Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Attendees

The following board members were present at the meeting: