Shekhawati Industries Limited (SIL), a prominent player in the real estate sector, has made a strategic move to bolster its premium luxury villa project in Khandala, Maharashtra. The company announced that it has acquired an additional land parcel to expand its existing development.

Expansion Strategy

The acquisition, disclosed in a regulatory filing to the BSE and NSE, is set to enhance the scale of SIL's premium villa project while maintaining the exclusivity and quality standards that have become synonymous with Shekhawati Villas. This move underscores the company's commitment to growth and its confidence in the luxury real estate market.

Project Details

While specific details about the size of the land parcel and the investment involved were not disclosed, the expansion is expected to significantly increase the footprint of Shekhawati's luxury villa project in Khandala. The picturesque location of Khandala, a hill station in the Western Ghats of Maharashtra, adds to the appeal of the premium development.

Management's Perspective

Meena Ashish Agal, CFO, Company Secretary & Compliance Officer of Shekhawati Industries Limited, signed off on the regulatory filing, emphasizing the company's adherence to transparency and compliance with SEBI regulations. The disclosure aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market Implications

This expansion move by Shekhawati Industries Limited could potentially strengthen its position in the luxury real estate market. The decision to acquire additional land in a prime location like Khandala suggests the company's optimistic outlook on the demand for premium villas and its long-term growth strategy.

As the real estate sector continues to evolve, Shekhawati's focus on expanding its premium offerings may set a benchmark for luxury developments in the region. Investors and industry observers will likely keep a close watch on the progress of this expanded project and its impact on the company's future performance.

Shekhawati Industries Limited, formerly known as Shekhawati Poly-Yarn Limited, continues to diversify its portfolio in the real estate sector, with this latest land acquisition marking another significant step in its growth trajectory.

Shekhawati Industries Limited (formerly Shekhawati Poly-Yarn Limited) has made several significant announcements following a board meeting held on July 24, 2025. The company has approved its unaudited financial results for the quarter ended June 30, 2025, and made multiple key appointments and reappointments.

Financial Results Approval

The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2025. These results were accompanied by a Limited Review Report, ensuring compliance with regulatory requirements.

Auditor Appointments and Reappointments

Internal Auditor

The company has reappointed M/s. Sunil Kudva & Co., Chartered Accountants (Firm Registration No. 123657W), as the Internal Auditor for the financial year 2025-2026. The firm specializes in Internal Audit, Income Tax, and Accounts services.

Cost Auditor

M/s. N. Ritesh & Associates, Cost Accountants (Firm Registration No. 26963), have been reappointed as the Cost Auditor for the financial year 2025-2026. They specialize in providing cost audit services to the company.

Statutory Auditor

The Board has approved the appointment of M/s. SGCO & Co. LLP, Chartered Accountants (Firm Registration No. 112081W/W100184), as the Statutory Auditors for a period of five years, subject to shareholder approval at the upcoming 34th Annual General Meeting. SGCO & Co. LLP is a multi-disciplinary accountancy firm with over two decades of experience, serving more than 250 client groups across various sectors.

Secretarial Auditor

Dipesh Gosar & Co., Practising Chartered Secretary (M. No. ACS: 23755 | C P No. 26801), has been appointed as the Secretarial Auditor for a five-year term, subject to shareholder approval. The firm is peer-reviewed and has expertise in company law, SEBI regulations, and various business laws.

Executive Appointment

Mrs. Kalpana Mukesh Ruia has been appointed as an Additional Executive Director for a term of five years, subject to shareholder approval. Mrs. Ruia, who holds a Bachelor of Science degree from St. Xavier's College, Ahmedabad, is expected to play a crucial role in strengthening the company's internal systems, driving innovation-led growth, and aligning corporate objectives with execution. It's worth noting that she is a relative of the Chairman & Managing Director.

Annual General Meeting and Related Party Transactions

The 34th Annual General Meeting of Shekhawati Industries Limited is scheduled for September 10, 2025, and will be conducted via video conferencing. The Board has also approved material related party transactions with M/s. SKI Realtech Private Limited and Mrs. Kalpana Mukesh Ruia for a period of five years.

These developments signify Shekhawati Industries Limited's commitment to strong corporate governance and strategic growth as it moves forward in the 2025-2026 financial year.