Shyam Dhani Industries reported a 6.1% rise in net profit to ₹853.70 lakh for the financial year ended March 31, 2026, driven by a 16.9% increase in revenue from operations to ₹14,577.23 lakh. The company’s board approved the audited financial results for the half year and full year on May 27, 2026, alongside the statement of assets and liabilities and cash flow statement. The statutory auditors, M/s G.L. Dangayach & Co., issued an audit report with an unmodified opinion on the results.

Financial Performance

For the year ended March 31, 2026, the company’s total income stood at ₹14,621.88 lakh, up from ₹12,475.41 lakh in the previous year. Profit before tax for the year increased to ₹1,130.55 lakh from ₹1,077.79 lakh in FY25. Basic earnings per share (EPS) for the year were recorded at ₹5.20, compared to ₹5.41 in the prior year.

For the half year ended March 31, 2026, revenue from operations were ₹8,199.27 lakh, with a net profit of ₹433.67 lakh. The EPS for this half year was ₹2.64.

IPO Proceeds Utilization

During the six months ended March 31, 2026, the company completed an Initial Public Offering (IPO) of 54,98,000 equity shares with a face value of ₹10 each at an issue price of ₹70 per share. The shares were listed on NSE Emerge on December 30, 2025. The total issue proceeds amounted to ₹3848.60 lakh.

As of March 31, 2026, the company utilized ₹2547.96 lakh of the proceeds, leaving ₹1300.64 lakh unutilized and lying in fixed deposits. The primary utilization included ₹1000.00 lakh for the repayment of borrowings and ₹576.00 lakh for funding incremental working capital requirements.

Balance Sheet and Cash Flows

The company’s total assets as of March 31, 2026, stood at ₹11847.78 lakh, compared to ₹8247.30 lakh in the previous year. Shareholders' funds increased to ₹6861.35 lakh from ₹2360.54 lakh, largely due to the proceeds from the share issue. Cash and cash equivalents decreased to ₹24.33 lakh from ₹34.84 lakh, while other bank balances were recorded at ₹1216.61 lakh.

The net cash flow from operating activities was negative at ₹(838.34) lakh, primarily due to changes in working capital. Net cash flow from investing activities was ₹(1328.42) lakh, while financing activities resulted in a net inflow of ₹2156.25 lakh, driven by the proceeds from the issue of share capital.

Shyam Dhani Industries Limited has extended the timeline for utilizing unutilized IPO proceeds to March 31, 2027, due to market conditions. The Board of Directors approved this extension in a meeting held on May 27, 2026. The company confirmed that the objects of the issue remain unchanged and that the proceeds will continue to be utilized solely for the purposes stated in the Prospectus.

The decision was communicated to the National Stock Exchange of India Limited pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted by Himanshi Khandelwal, Company Secretary and Compliance Officer.

Key Details

The extension allows the company additional time to deploy the funds raised during its initial public offering. The utilization of proceeds remains aligned with the original objectives outlined in the Prospectus.