sh kelkar & company has released its financial update for Q3 FY 2025-26, demonstrating solid revenue performance with consolidated revenues reaching ₹1,717.00 crore. This represents an 11% increase compared to the corresponding quarter of the previous financial year, indicating sustained business momentum.

Financial Performance Overview

The company's Q3 FY 2025-26 results highlight key financial metrics that reflect its operational efficiency during the quarter:

Revenue Growth Analysis

The 11% year-on-year revenue growth to ₹1,717.00 crore demonstrates S H Kelkar And Company Ltd's ability to expand its business operations effectively. This growth trajectory reflects the company's market position in the fragrance and flavor industry during the third quarter of FY 2025-26.

Margin and Debt Position

The company has maintained steady gross margins throughout Q3 FY 2025-26, indicating consistent operational efficiency and cost management practices. Additionally, S H Kelkar And Company Ltd reported a net debt position of ₹698.00 crore, providing insight into the company's current financial leverage and capital structure.

Quarter Performance Summary

The Q3 FY 2025-26 update showcases S H Kelkar And Company Ltd's continued business performance with revenue growth while maintaining operational stability. The combination of revenue expansion and steady margin performance reflects the company's operational management during this quarter of the financial year.

SH Kelkar & Company promoter Ramesh Vaze has acquired additional equity shares in the fragrance and flavor company through an off-market transaction. The acquisition, disclosed on December 26, 2025, represents a strategic move within the promoter group to consolidate shareholding.

Transaction Details

The share acquisition involved an off-market inter-se transfer between promoter group members. Key transaction parameters are outlined below:

Shareholding Changes

The acquisition resulted in a marginal increase in Ramesh Vaze's stake in the company. The shareholding pattern before and after the transaction shows:

Company Capital Structure

SH Kelkar & Company maintains a stable capital structure with no changes to the overall share capital following this internal promoter group transaction. The company's capital composition includes:

• Total Share Capital: 13,84,20,801 equity shares of ₹10 each
• Promoter Group Holdings: 53.80% of total voting rights
• Encumbered Shares: 43,00,000 equity shares (3.11% of paid-up capital) under pledge

Regulatory Compliance

The transaction was disclosed in accordance with Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure was filed with both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

The persons acting in concert (PAC) with the acquirer include multiple family members and associated entities, comprising Kedar Vaze, Prabha Vaze, various family trusts, and several private limited companies within the promoter group structure. The existing pledge arrangement on promoter group shares remains unchanged, with no modifications reported in the current disclosure.