Shri Gang Industries reported a standalone net profit of ₹2.06 crore for the quarter ended June 30, 2026, marking a significant 115% year-on-year increase from ₹95.71 lakh recorded in Q1FY26. The company’s revenue from operations grew by 31.2% to ₹112.21 crore, up from ₹85.54 crore in the same period last year, reflecting robust demand in its core liquor business. This performance highlights the resilience of its primary revenue stream and improved operational leverage amidst broader market dynamics.

The Board of Directors approved the unaudited financial results on August 06, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently limited-reviewed by Pawan Shubham & Co., Chartered Accountants, the statutory auditors. Additionally, the Board appointed M/s Mohan Gupta & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-2027.

Financial Performance Highlights

The company’s total income stood at ₹112.66 crore, compared to ₹85.68 crore in Q1FY26. While revenue surged, total expenses also increased to ₹109.85 crore from ₹84.49 crore in the prior year period, largely due to higher cost of materials consumed and excise duties associated with increased sales volume.

Segment-Wise Analysis

The Liquor Operations segment remained the dominant contributor to both revenue and profitability. Segment revenue from liquor operations reached ₹112.18 crore, up from ₹85.54 crore in Q1FY26. The segment generated a result of ₹509.32 lakh, compared to ₹384.55 lakh in the previous year. In contrast, the Edible Oils operations continued to incur losses, with a segment result of (₹20.95 lakh), slightly worse than the (₹26.56 lakh) loss reported in Q1FY26.

What the Numbers Show

The disproportionate rise in net profit relative to revenue growth indicates improved operational leverage or cost management efficiency in the high-margin liquor segment. While total expenses grew at a similar pace to revenue (30% vs 31%), the absolute margin expansion suggests that fixed costs were spread over a larger sales base. The persistent losses in the edible oils division highlight a structural challenge in that segment, which continues to drag down overall group profitability despite the strength in the liquor business.

Governance and Compliance

The financial statements were prepared in accordance with Ind AS 34 "Interim Financial Reporting" and other generally accepted accounting principles in India. The company disclosed that it has two business segments: Edible Oil Operations and Liquor Operations. No exceptional items were reported during the quarter. The paid-up equity share capital stands at ₹212.39 crore, with a face value of ₹10 per share.

Sarvashaktiman Traders Private Limited has increased its shareholding in Shri Gang Industries and Allied Products Limited to 6.64% of the post-allotment fully diluted paid-up share capital. The acquisition was executed on June 06, 2026, through the conversion of 0.01% Compulsorily Convertible Preference Shares. This strategic move follows the provisions of Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirer converted preference shares aggregating to ₹8,54,52,500 into 11,24,375 equity shares at an issue price of ₹76 per share. Prior to this transaction, Sarvashaktiman Traders Private Limited held 3,50,000 equity shares, which accounted for 1.75% of the total share capital and 1.58% of the total diluted share capital. The conversion of these instruments has significantly altered the acquirer's position within the target company's ownership structure.

Details of shareholding

The disclosure filed with BSE Limited outlines the shift in ownership percentages before and after the acquisition. The total voting capital of the target company before the transaction was ₹19,98,00,000, divided into 1,99,80,000 equity shares of ₹10 each. Post-acquisition, the equity share capital rose to ₹21,23,90,550, comprising 2,12,39,055 equity shares. The total diluted share capital after the allotment stands at ₹22,21,75,060, divided into 2,22,17,506 equity shares.

Regulatory compliance

The disclosure confirms that Sarvashaktiman Traders Private Limited does not belong to the promoter or promoter group of the target company. The mode of acquisition was specifically the allotment of equity shares pursuant to the conversion of Compulsorily Convertible Preference Shares. The intimation of allotment was received on June 06, 2026. The filing was submitted by Ashish Singh Chauhan, Director of Sarvashaktiman Traders Private Limited, to ensure compliance with the Takeover Regulations.