Shyamkamal Investments Limited has made two significant announcements that could potentially reshape its capital structure and ownership.

BSE Approval for Equity Share Issue

The company has received in-principle approval from BSE Limited for issuing 3,68,65,000 equity shares with a face value of Rs. 10.00 each through the conversion of loan on a preferential basis. This approval came through a BSE letter dated September 19, bearing the reference number LOD/PREF/MV/FIP/923/2025-26.

Jatinbhai Virendrabhai Shah, the Managing Director of Shyamkamal Investments, confirmed this development to the exchange. The issuance, if fully subscribed, would result in the creation of 3.69 crore new equity shares, potentially leading to a significant expansion of the company's equity base.

SEBI Approval for Open Offer

In a separate but equally important development, Shyamkamal Investments has also received approval from the Securities and Exchange Board of India (SEBI) for an open offer. This approval was communicated to the company by the acquirers.

SEBI, through its letter dated September 24 (reference number: SEBI/HO/CFD/CFD-RAC-DCR1/P/OW/2025/25278/1), has given its observations and accorded approval for the Draft Letter of Offer. This open offer is proposed by Morabia Enterprise Private Limited and Mr. Mahendra Harajivan Morabia, along with persons acting in concert.

The open offer aims to acquire 1,30,94,380 equity shares, representing 26.00% of the fully paid-up equity share capital of Shyamkamal Investments Limited. This move is in accordance with the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.

Persons Acting in Concert

The persons acting in concert in this open offer include:

• Mrs. Morabia Induben Mahendra
• Mr. Morabia Smit Mahendra
• Mrs. Paragi Smit Morabia
• Mr. Morabia Nirmal Mahendra
• Mrs. Surbhi Nirmal Morabia
• Ms. Keyuri Mahendra Morabia
• Mr. Keval Mahendrabhai Morabia
• VR Leading Edge Consultancy LLP
• Morabia Creations Private Limited

These developments suggest that Shyamkamal Investments is undergoing significant changes in its capital structure and potentially its ownership. The conversion of loan to equity shares could impact the company's debt-to-equity ratio, while the open offer, if successful, could lead to a change in the controlling interest of the company.

Shyamkamal Investments Limited, a company specializing in trading and investment in securities, has released its financial results for the quarter ended June 30, 2025, revealing a net loss and announcing changes to its board composition.

Financial Performance

The company reported a net loss of Rs 2.19 lakhs for the quarter, compared to a loss of Rs 0.50 lakhs in the same period last year. Despite the increased loss, Shyamkamal Investments saw a significant rise in revenue from operations, which grew to Rs 48.45 lakhs from Rs 27.55 lakhs year-over-year, marking a 75.86% increase.

The financial results, which were reviewed by the audit committee and approved by the board of directors on August 8, 2025, showed a total revenue of Rs 48.56 lakhs, including other income of Rs 0.11 lakhs.

Expenses and Profitability

The company's total expenses for the quarter stood at Rs 50.75 lakhs, with finance costs being the largest component at Rs 27.11 lakhs. Other significant expenses included employee benefits at Rs 3.72 lakhs and other expenses amounting to Rs 18.01 lakhs.

Despite the increase in revenue, the higher expenses led to a loss before tax of Rs 2.19 lakhs, compared to Rs 0.50 lakhs in the corresponding quarter of the previous year.

Key Financial Metrics

Corporate Actions and Board Changes

In a significant move, the company announced a change in the designation of Mr. Chirag Jitendrabhai Shah from Executive Director to Non-Executive and Non-Independent Director, effective August 8, 2025. Mr. Shah, known for his expertise in mutual funds, insurance, and other investment fields, will continue to provide his valuable insights in his new role.

Dividend and Capital Expenses

Shyamkamal Investments declared and paid an interim dividend of Rs 0.20 per share during the quarter. Additionally, the company incurred an expense of Rs 11.41 lakhs towards ROC fees for increasing its share capital.

Earnings Per Share and Capital Structure

The basic and diluted earnings per share remained at Rs 0.00 for the quarter. The company's paid-up equity share capital stood at Rs 1,349.80 lakhs, with a face value of Rs 10 per share.

The board meeting, which commenced at 4:00 PM and concluded at 5:20 PM on August 8, 2025, was held at the company's corporate office in Ahmedabad, Gujarat.

Shyamkamal Investments Limited continues to operate in a single primary segment of trading and investment in securities, as per IND AS 108 relating to segment-wise reporting.