Shantai Industries has released its unaudited financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The company's performance presents a mixed picture, with a notable decline in quarterly revenue but a slight improvement in profit.

Financial Highlights

Quarterly Performance

Shantai Industries experienced a significant year-over-year decline in its quarterly revenue from operations, which fell by 40.44% to ₹251.75 lakh in Q2 FY26 from ₹422.67 lakh in the same quarter of the previous fiscal year. Despite this substantial drop in revenue, the company managed to improve its bottom line marginally. Net profit for the quarter increased by 8.59% to ₹10.49 lakh, compared to ₹9.66 lakh in Q2 FY25.

Half-Yearly Results

The half-yearly figures present a contrasting picture. For H1 FY26, Shantai Industries reported a robust 40.46% increase in revenue from operations, reaching ₹674.14 lakh compared to ₹479.95 lakh in H1 FY25. However, this top-line growth did not translate into improved profitability. The company's net profit for the half-year period declined by 39.78% to ₹7.25 lakh, down from ₹12.04 lakh in the corresponding period of the previous year.

Earnings Per Share

The basic earnings per share (EPS) for Q2 FY26 stood at ₹0.14, a significant decrease from ₹0.64 in Q2 FY25. The half-yearly EPS also saw a substantial decline, dropping to ₹0.10 from ₹0.80 in the previous year.

Additional Information

The company operates in a single business segment, which aligns with its focused business model. Shantai Industries also reported that there were no investor complaints received during the quarter, indicating a stable relationship with its shareholders.

Board Meeting and Result Approval

The Board of Directors of Shantai Industries met on November 12, 2025, to approve these unaudited financial results. The meeting, which began at 4:00 PM, concluded at 6:25 PM at the company's registered office in Surat, Gujarat.

The financial results were considered and approved along with the Limited Review Report for the quarter and half-year ended September 30, 2025. This approval process is in compliance with Regulation 30 and 33 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Investors and stakeholders should note that these are unaudited results and may be subject to review. The company's performance in the coming quarters will be crucial to understand if the revenue decline in Q2 is a temporary setback or part of a broader trend, and whether the slight improvement in quarterly profit can be sustained or improved upon.

Shantai Industries Limited , a prominent player in the textile manufacturing sector, has made significant leadership appointments and reappointments at its 40th Annual General Meeting (AGM) held on September 24, 2025. The company's shareholders approved several crucial decisions that aim to bolster its corporate governance and operational expertise.

New Secretarial Auditor Appointed

CS Ranjit Binod Kejriwal, a seasoned Practicing Company Secretary, has been appointed as the Secretarial Auditor for Shantai Industries. His appointment is for a term of five consecutive years, spanning from the financial year 2025-26 to 2029-30. Kejriwal brings two decades of extensive experience in corporate laws, IPO listings, and compliance audits, which is expected to enhance the company's regulatory adherence and governance practices.

Board Reappointments

Non-Executive Independent Director

Mrs. Vandanaben Satishbhai Dalal has been re-appointed as a Non-Executive Independent Director for another five-year term, effective from September 26, 2025. With her strong legal background and five years of prior board experience, Dalal is set to continue providing valuable insights on corporate law, governance practices, and sustainability.

Managing Director

Mr. Harishbhai Fatandas Sawlani has been re-appointed as the Managing Director for a five-year term commencing November 4, 2025. Sawlani, with 38 years of experience in textile manufacturing, has been instrumental in driving the company's growth through strategic initiatives and technological advancements.

Whole-time Director

Mr. Vasudev Fatandas Sawlani has been re-appointed as the Whole-time Director for a five-year term, also starting from November 4, 2025. Bringing 37 years of rich experience in the textile industry, Sawlani has significantly contributed to the company's operational efficiency and strategic growth over the past decade.

Continuity in Leadership

Notably, the shareholders have approved provisions for both Mr. Harishbhai Fatandas Sawlani and Mr. Vasudev Fatandas Sawlani to continue in their respective roles beyond the age of 70. This decision ensures leadership stability and leverages their extensive industry experience for the company's future growth.

Corporate Governance Measures

In line with regulatory requirements, Shantai Industries has also announced the closure of its trading window for insiders from October 1, 2025, until 48 hours after the announcement of the company's unaudited financial results for the quarter and half-year ending September 30, 2025. This move underscores the company's commitment to maintaining transparency and preventing insider trading.

These appointments and governance measures reflect Shantai Industries' focus on strengthening its leadership team and upholding high standards of corporate governance. As the company moves forward, these strategic decisions are expected to play a crucial role in its continued growth and success in the textile manufacturing sector.