Shivom Investment & Consultancy Limited reported a net profit of ₹78.64 lakh for the quarter ended June 30, 2025 (Q1FY26), marking a recovery from the nil profit recorded in the corresponding quarter of FY25.

The company’s Board of Directors approved the audited financial results for Q4FY25 and the unaudited results for Q1FY26 during a meeting held on September 12, 2026. These filings represent backlogged disclosures from the period when the company was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.

Financial Performance

For Q1FY26, total income stood at ₹84.68 lakh, driven primarily by revenue from operations of ₹84.68 lakh. This compares to zero revenue in the same quarter last year. Total expenses were minimal at ₹6.04 lakh, consisting entirely of other expenditure. Consequently, the company posted a profit before tax of ₹78.64 lakh, with no tax expense incurred.

In the full year ended March 31, 2025 (FY25), the company reported a net profit of ₹370.18 lakh, a significant turnaround from the net loss of ₹48.62 lakh in FY24. Revenue from operations for FY25 was ₹384.38 lakh, compared to just ₹16.55 lakh in FY24. Other income was negligible at ₹2.64 lakh for the full year.

Balance Sheet and Cash Flow

As of March 31, 2025, total assets amounted to ₹4,224.68 lakh, up from ₹3,833.07 lakh in the previous year. Long-term loans and advances constituted the largest asset class at ₹4,185.24 lakh. Cash and cash equivalents rose sharply to ₹22.10 lakh from ₹0.13 lakh a year earlier.

On the liabilities side, shareholders’ funds showed a deficit of (₹5,840.73 lakh) in reserves and surplus, though this improved slightly from (₹6,210.90 lakh) in FY24. Long-term borrowings remained stable at ₹3,023.94 lakh.

What the Numbers Show

The financial data reveals a near-total reliance on non-operational income for profitability in FY25. While revenue from operations contributed ₹384.38 lakh, the profit before tax was ₹370.18 lakh against expenses of only ₹16.84 lakh. This divergence indicates that the bulk of the income was derived from sources other than core operational revenue or standard other income, which was minimal at ₹2.64 lakh. In contrast, Q1FY26 shows a more normalized structure where revenue from operations matches total income.

Corporate Restructuring Status

The Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-IV, approved the company’s Resolution Plan on August 18, 2025. Under the plan, the existing equity share capital of 6,99,51,325 shares has been cancelled and restructured. Existing public shareholders are entitled to one equity share for every 1,000 held. Additionally, 3,00,000 shares will be allotted to unsecured financial creditors, and 60,00,000 fresh shares will be subscribed by the Resolution Applicant.

The Resolution Applicant also proposes to issue Compulsorily Convertible Debentures (CCDs) aggregating ₹21.46 crore to settle balance admitted claims. Trading in the company’s securities remains suspended pending the revocation of suspension and activation of listing, an application filed with the stock exchange on April 16, 2025.

Shivom Investment & Consultancy Limited reported a net profit of ₹134.59 lakh for the half-year ended September 30, 2025, rising 29% quarter-on-quarter. Revenue from operations stood at ₹170.17 lakh, a marginal increase from the prior period.

The Mumbai-based consultancy, which emerged from the Corporate Insolvency Resolution Process (CIRP) in August 2025, also approved its annual accounts for FY25 and scheduled its Annual General Meeting for December 30, 2025.

Financial Performance

For H1FY26, total revenue remained flat at ₹170.17 lakh compared to the first half of FY25, as no comparative figures were disclosed for the previous year's corresponding period in the standalone results. However, operating profitability improved significantly due to controlled expenses.

Profit before tax (PBT) for the half-year was ₹116.11 lakh. This figure improved sequentially from ₹78.64 lakh in Q2FY26, despite a spike in other expenses in Q3FY26 to ₹48.02 lakh from ₹6.04 lakh in the preceding quarter.

What the Numbers Show

The net profit for H1FY26 was boosted by a deferred tax credit of ₹18.48 lakh. Without this non-cash accounting adjustment, the profit after tax would have matched the PBT of ₹116.11 lakh. This indicates that the operational profit generation remains stable, with the bottom-line improvement largely attributable to tax accounting rather than core operational margin expansion.

Balance Sheet and Cash Flow

As of September 30, 2025, total assets stood at ₹3,720.39 lakh, down from ₹4,224.68 lakh at the end of March 2025. Trade receivables decreased to ₹3,642.37 lakh from ₹4,188.75 lakh, suggesting improved collection efficiency or settlement of dues post-resolution.

Cash and cash equivalents rose to ₹60.51 lakh from ₹22.09 lakh at the end of FY25. The company reported a net cash inflow from investing activities of ₹38.66 lakh during the half-year, primarily from changes in loans and advances. Borrowings were significantly reduced to ₹50.00 lakh from ₹2,862.50 lakh at the end of FY25, reflecting debt resolution under the CIRP plan.

Corporate Actions

The Board of Directors approved several key matters:

• Approval of unaudited standalone financial results for H1FY26.
• Approval of annual accounts for FY25.
• Appointment of statutory auditors for one year.
• Regularization of directors appointed post-CIRP.
• Application for reservation of name change and alteration in main object clause.

The company is currently searching for a Company Secretary. Trading in securities remains suspended on stock exchanges due to earlier violations of SEBI regulations during the insolvency process.