Shri Keshav Cements and Infra Limited reported a net loss of ₹652.88 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹616.85 lakh in the previous year. Revenue from operations increased 32.85% year-on-year to ₹16,131.12 lakh from ₹12,145.34 lakh. The company's Board of Directors approved the audited financial results during a meeting held on May 29, 2026, under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The statutory auditor, M/s. Singhi & Co., issued a qualified opinion on the financial results. The qualification relates to an advance payment of GST amounting to ₹641.52 lakh plus interest and penalties of ₹218.11 lakh, totaling ₹859.63 lakh, made during financial years 2020-21 and 2021-22. The liability pertains to financial years 2018-19 and 2019-20 following a search by GST Intelligence. As the investigation by the Directorate General of GST Intelligence (DGGI) was not complete and no order had been passed by March 31, 2026, the auditors stated they were unable to comment on the impact on the financial statements. The management noted that a refund petition is pending in the High Court.

Operational metrics showed mixed performance. While annual sales and dispatches increased by over 32% and 36% year-on-year respectively, the company faced higher expenses. Total expenses for the year rose to ₹16,567.93 lakh from ₹12,630.09 lakh. Finance costs increased to ₹2,156.49 lakh from ₹1,810.13 lakh. However, the company reported that cash profits and EBITDA increased by 73% and 38% year-on-year, respectively.

The balance sheet indicates a reduction in bank borrowings by over 15% from ₹181 crore to ₹153 crore. Three term loans with a sanctioned value of ₹61.40 crore were prepaid and closed in FY26. Consequently, the repayment obligation for FY27 reduced by 20.79% to ₹22.93 crore from ₹28.95 crore in FY26. Total assets stood at ₹42,322.12 lakh as of March 31, 2026, up from ₹40,998.82 lakh a year earlier.

Financial Performance for FY26

Segment Performance

Revenue from the Cement segment grew to ₹13,637.80 lakh from ₹9,395.74 lakh in the previous year. The Solar Energy segment revenue declined to ₹1,388.02 lakh from ₹1,775.58 lakh. The Petrol and Diesel segment revenue increased to ₹1,105.31 lakh from ₹974.02 lakh.

Shri Keshav Cements and Infra Limited has re-appointed its internal and cost auditors for the financial year 2026-27 following a board meeting on May 29, 2026. The decisions were taken to ensure continued compliance with regulatory requirements and maintain robust internal oversight mechanisms.

The Board of Directors approved the re-appointment of M/s. Latkan & Associates as the Internal Auditors of the company. Additionally, M/s. Santosh Kalburgi & Co. was re-appointed as the Cost Auditors for the same period. These appointments are effective for FY 2026-27.

Appointments Approved

The following table details the auditors re-appointed by the Board:

The disclosures were made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Nikita Karnani, Company Secretary.