Shangar Decor Limited, a Gujarat-based event management company, announced its unaudited standalone financial results for the quarter ended December 31, 2025, following board approval on February 10, 2026. The results were approved pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting and Regulatory Compliance

The Board of Directors meeting was held on February 10, 2026, from 4:00 PM to 6:15 PM at the company's registered office in Ahmedabad. The board considered and approved the unaudited standalone financial results along with the limited review report for the quarter ended December 31, 2025. Managing Director Samir R Shah (DIN: 00787630) signed the regulatory filing submitted to BSE Limited under scrip code 540259.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results compared to the corresponding quarter of the previous year:

Quarterly Performance Analysis

The company reported revenue from operations of ₹515.77 lacs in Q3FY26, compared to ₹655.34 lacs in Q3FY25. Total expenses for the quarter amounted to ₹449.17 lacs, resulting in a profit before tax of ₹66.60 lacs. After accounting for tax expenses of negative ₹1.47 lacs, the company achieved a net profit of ₹68.08 lacs.

Nine-Month Performance

For the nine months ended December 31, 2025, Shangar Decor Limited's performance metrics were:

Expense Breakdown

The major expense components for Q3FY26 included:

Auditor's Limited Review

S K Bhavsar & Co., Chartered Accountants (Firm No. 145880W), conducted the limited review of the financial results. The auditors noted an emphasis of matter regarding pending verification of trade receivables, trade payables, and loans and advances as of the balance sheet date. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Company Details

Shangar Decor Limited operates primarily in the event management segment, specializing in wedding decor, theme decor, exhibitions, and religious & corporate events. The company maintains its registered office at 4, Sharad Flats, Opp. Dharnidhar Derasar, B/h. Sales India, Paldi, Ahmedabad-380007, Gujarat. The paid-up equity share capital stands at ₹4,896.16 lacs with a face value of ₹1.00 per share.

Shangar Decor Limited , a company specializing in event management and decorations, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company also announced the appointment of a new internal auditor.

Financial Performance

For the quarter ended September 30, 2025, Shangar Decor Limited reported:

For the half-year ended September 30, 2025:

The company's revenue from operations for the quarter decreased by 22% compared to the same quarter last year. The net profit for the quarter saw a significant decline of 79.02% year-over-year.

For the half-year period, revenue from operations marginally decreased by 3.37%, while net profit declined by 67.26% compared to the corresponding period in the previous year.

Operational Highlights

• The company's total expenses for Q2 FY2026 stood at Rs 220.28 lakhs, compared to Rs 239.99 lakhs in Q2 FY2025.
• Employee benefits expenses for the quarter were Rs 9.87 lakhs, up from Rs 7.71 lakhs in the same quarter last year.
• Depreciation and amortization expenses increased to Rs 64.97 lakhs from Rs 37.72 lakhs year-over-year.

Appointment of Internal Auditor

The Board of Directors has approved the appointment of M/s. Kishan Patel and Associates as the Internal Auditor of the company. The appointment is for a period of five financial years, from FY 2025-26 to FY 2029-30. Kishan Patel and Associates is a chartered accountancy firm based in Mahesana, established in 2019, specializing in statutory audits, tax planning, internal audits, and project funding.

Auditor's Note

The limited review report by S K Bhavsar & Co., Chartered Accountants, highlighted that the balances for trade receivables, trade payables, and all loans and advances are pending comprehensive verification. The auditors also noted that reliable value documentation for investments was not presented, and they have relied on management representations in this regard.

Shangar Decor Limited continues to operate primarily in the "Event Management" segment. The company's board of directors approved these results at their meeting held on November 11, 2025.

Investors and stakeholders should note that these financial results are unaudited and subject to limited review by the company's statutory auditors.