Shri Venkatesh Refineries Ltd has secured trading approval from BSE Limited to migrate its equity shares from the SME Platform to the Main Board, marking a significant step in its listing status. The exchange confirmed that trading of the company’s shares on the Main Board will commence on July 30, 2026. This transition exposes the firm to a broader investor base but also imposes stricter regulatory obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The approval follows the submission of requisite documents dated July 22, 2026. BSE issued Notice No: 20260729-3 on July 29, 2026, to its trading members regarding the migration. Dinesh Ganapati Kabre, Managing Director of Shri Venkatesh Refineries Limited, intimated the exchange’s Department of Listing Operation about the receipt of the trading approvals.

Regulatory and Operational Changes

With the move to the Main Board, Shri Venkatesh Refineries must adhere to all provisions of the SEBI (LODR) Regulations, 2015, effective from the first date of trading. This includes compliance with Corporate Governance (CG) requirements. The company is directed to submit all corporate compliances and filings through the online Listing Centre portal at http://listing.bseindia.com . This instruction aligns with earlier notices issued by the exchange, specifically Notice No: 20130208-6 dated February 08, 2013, and Notice No: 20130729-25 dated July 29, 2013.

Future Correspondence

BSE has instructed the company to quote the new code numbers allotted to its securities in all future correspondence with the exchange. This applies to matters such as record dates, dividend declarations, bonus shares, rights issues, preferential offers, and conversions of debentures into equity shares. The exchange noted that all existing provisions related to these corporate actions will now be governed by Main Board protocols rather than SME platform rules.

What the Numbers Show

While this filing does not disclose financial metrics, the migration itself signals a change in the company’s capital market footprint. The shift from the SME platform to the Main Board typically implies that the company has met certain eligibility criteria regarding public shareholding and paid-up capital, although specific thresholds are not detailed in this notice. The immediate implication for shareholders is increased visibility and adherence to more rigorous disclosure standards mandated by SEBI’s LODR framework.

Shri Venkatesh Refineries Limited reported a 111.4% year-on-year increase in net profit to ₹3,820.25 lakh for the financial year ended March 31, 2026, driven by a significant surge in revenue. The board of directors recommended a final dividend of ₹1 per share for the fiscal year, subject to shareholder approval at the upcoming annual general meeting.

The company's revenue from operations for FY26 stood at ₹137,757.38 lakh, a substantial increase from ₹70,164.21 lakh in the previous year. For the fourth quarter, revenue from operations was recorded at ₹82,170.71 lakh. The board approved the audited standalone financial results for both the quarter and the full year during a meeting held on May 30, 2026.

Financial Performance

The profit for the year rose from ₹1,807.87 lakh in FY25 to ₹3,820.25 lakh in FY26. Basic earnings per share (EPS) increased to ₹17.27 from ₹8.17 in the corresponding previous year. Total expenses for the year amounted to ₹132,647.02 lakh, up from ₹67,793.19 lakh in the prior year, primarily due to higher costs of materials consumed and purchases of stock in trade.

Dividend and Approvals

In addition to the financial results, the board approved related party transactions for the financial year 2026-27. The recommended dividend of ₹1 per share will require approval from the members in the Annual General Meeting. The statutory auditors, M/s Joshi & Shah Chartered Accountants, issued an unmodified opinion on the audited financial results.

The company's assets and liabilities statement as of March 31, 2026, showed total assets of ₹58,679.78 lakh, compared to ₹33,382.41 lakh in the previous year. Reserves and surplus increased to ₹10,936.08 lakh from ₹7,337.01 lakh. The filing was made to the Bombay Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.