Shervani Industrial Syndicate Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results in their meeting held on February 12, 2026, with the statutory auditors providing their review report.

Standalone Financial Performance

The company's standalone operations showed mixed results for the third quarter of FY26. Revenue from operations declined significantly to ₹539 lakhs compared to ₹1,056 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company's performance reflected similar trends with reduced revenue and profitability compared to the previous year.

Segment-wise Revenue Breakdown

The company operates through multiple business segments, with real estate being the primary contributor to revenue.

Q3 FY26 Segment Performance:

• Real Estate: ₹346 lakhs
• Information Technology: ₹193 lakhs
• Total Segment Revenue: ₹539 lakhs

Nine-Month FY26 Segment Performance:

• Real Estate: ₹1,333 lakhs
• Information Technology: ₹205 lakhs
• Total Segment Revenue: ₹1,538 lakhs

Consolidated Results

The consolidated financial results, which include the parent company and its subsidiary Farco Foods Private Limited, showed revenue from operations of ₹661 lakhs for Q3 FY26 compared to ₹1,171 lakhs in Q3 FY25. Consolidated net profit for the quarter was ₹3 lakhs against ₹52 lakhs in the previous year.

Key Financial Highlights

• Paid-up Equity Share Capital: ₹259 lakhs (Face value ₹10 per share)
• Tax Expenses: ₹112 lakhs for Q3 FY26 versus ₹15 lakhs in Q3 FY25
• Employee Benefit Expenses: ₹52 lakhs for the quarter
• Finance Costs: ₹9 lakhs for Q3 FY26

The company noted that revenue recognition follows the completed contract method of accounting, while provision for income tax is made by recognizing revenue on the percentage of completion method. The results reflect the company's diversified business model across real estate development, information technology services, and other ventures including hospital and resort operations.

Shervani Industrial Syndicate Limited has announced the unexpected demise of Mr. Sadiq Husain Siddiqui, the company's Whole-time Director. Mr. Siddiqui, who held the position with Director Identification Number (DIN) 02125236, passed away on November 17, 2025.

Company's Response

The company described Mr. Siddiqui's sudden passing as an "irreparable loss." In a formal communication to the BSE Limited, Shervani Industrial Syndicate Limited expressed deep sympathy and condolences to Mr. Siddiqui's family on behalf of the Chairman, Managing Directors, Directors, and employees.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company promptly informed the stock exchange about this significant event. The intimation included the following details:

Impact on Company Leadership

The unexpected loss of a Whole-time Director is likely to have a significant impact on the company's leadership structure. Whole-time Directors typically play crucial roles in the day-to-day management and strategic decision-making processes of a company.

Shervani Industrial Syndicate Limited, with its registered office at 2 Kanpur Road, Prayagraj-211001, U.P., India, will need to address this vacancy in its executive team. The company's board may need to convene to discuss succession plans or the redistribution of Mr. Siddiqui's responsibilities among the existing leadership.

As the company navigates this challenging period, shareholders and stakeholders will be watching closely for any updates on how Shervani Industrial Syndicate Limited plans to manage this transition in its executive ranks.