Shlokka Dyes Limited reported a net profit of ₹495.96 lakh for the financial year ended March 31, 2026, a decline from ₹1,004.20 lakh in the previous year. Revenue from operations for FY26 stood at ₹8,194.13 lakh, compared to ₹10,342.62 lakh in FY25. The board approved the audited standalone financial results for the half-year and financial year ended March 31, 2026, during a meeting held on May 27, 2026.

M/s Patel & Panchal, Chartered Accountants, the statutory auditors, issued an unmodified opinion on the financial results. However, the auditors drew attention to deviations and non-compliance in the utilization of funds raised through the Initial Public Offering (IPO). Specifically, issue proceeds aggregating to ₹1,256.83 lakh were utilized in excess of the allocation towards working capital requirements, and expenditures amounting to ₹55.75 lakh were incurred on items not specified in the objects of the issue. Shareholder approval for these material deviations had not been obtained as of the balance sheet date.

Financial Performance

The company's total income for FY26 was ₹8,289.81 lakh, down from ₹10,345.46 lakh in the prior year. Total expenses decreased to ₹7,643.75 lakh from ₹9,144.19 lakh. For the half-year ended March 31, 2026, the company reported a net profit of ₹348.26 lakh on revenue of ₹5,058.96 lakh.

IPO Fund Utilization

As of March 31, 2026, unutilized funds amounting to ₹389.18 lakh were outstanding. This includes ₹274.14 lakh lying in the Public Issue Account with Axis Bank, ₹15.04 lakh in a current account with State Bank of India, and ₹100.00 lakh outstanding or pending recovery. The status of investor complaints for the half-year ended March 31, 2026, showed that all 6 complaints received during the period were resolved.

Shlokka dyes Limited has announced that its Board of Directors has approved the maintenance of books of account at an additional location, expanding beyond the company's registered office. This corporate governance decision was formalized during the board meeting held on April 29, 2026.

Board Resolution Details

The board meeting, conducted on Wednesday, April 29, 2026, resulted in the approval for keeping and maintaining the company's books of account and other relevant books and papers at a secondary location. This decision was made in accordance with Section 128 of the Companies Act, 2013, and the rules established thereunder.

Additional Location Authorization

The approved secondary location for maintaining the company's financial records is situated in Ahmedabad's industrial area. The specific address authorized by the board is Shed No. C-42, G.I.D.C. Estate, Near Fire Station, Opp. Ambicanagar, Odhav, Ahmedabad – 382415, Gujarat.

This arrangement allows the company to maintain its books of account and relevant documentation at both the registered office and the newly approved location, providing operational flexibility while ensuring compliance with statutory requirements.

Regulatory Compliance

Following the board's approval, Shlokka Dyes Limited will fulfill its regulatory obligations by filing the necessary intimation with the Registrar of Companies. The company will submit e-Form AOC-5 within the time frame prescribed under the applicable provisions of the Companies Act, 2013.

The notification was communicated to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities. The company's scrip code 544582 and scrip ID SHLOKKA were referenced in the official communication.