Shree Krishna Infrastructure Reports Significant Loss Amid Management Changes and Auditor Concerns

Shree Krishna Infrastructure Limited has reported a substantial loss in its unaudited financial results for the half-year ended September 30, 2025. The company's performance has raised concerns, compounded by management changes and auditor disclaimers.

Financial Performance

The company's financial results reveal a stark contrast to the previous year:

Particulars (in Rs. lacs)	Half-year ended Sept 30, 2025	Half-year ended Sept 30, 2024
Revenue from Operations	30.88	43.29
Total Income	40.80	43.38
Total Expenses	150.21	40.62
Profit/(Loss) after tax	(109.39)	2.41
Earnings per share (Basic)	(0.99)	0.02

Shree Krishna Infrastructure reported a significant loss of Rs. 109.39 lacs for the half-year ended September 30, 2025, compared to a profit of Rs. 2.41 lacs in the same period last year. This represents a substantial decline in the company's financial performance.

Operational Challenges

The financial results indicate several operational challenges:

Revenue Decline: Revenue from operations decreased to Rs. 30.88 lacs from Rs. 43.29 lacs in the previous year.
Increased Expenses: Total expenses surged to Rs. 150.21 lacs, compared to Rs. 40.62 lacs in the previous year.
Employee Benefit Expenses: A notable increase in employee benefit expenses to Rs. 100.71 lacs from Rs. 23.86 lacs in the previous year.

Auditor's Disclaimer

NKSC & Co., the company's auditors, issued a disclaimer of opinion on the financial results. Key points from their report include:

Management Change: The company underwent a change in management (shareholders) during the current financial year.
Insufficient Financial Records: The current management was unable to provide sufficient and appropriate financial records to verify transactions in the company's books of accounts.
Inability to Verify: The auditors were unable to confirm or verify by alternative means the company's state of affairs, profit, and cash flows for the half-year ended September 30, 2025.

Cash Flow and Assets

The company's cash flow statement reveals significant changes:

Particulars (in Rs. lacs)	Half-year ended Sept 30, 2025	Year ended March 31, 2025
Net Cash flow from Operating Activities	(454.55)	249.11
Net Cash used in Investing Activities	126.17	(3.84)
Net decrease in Cash and Cash Equivalents	(328.38)	282.77
Cash and bank balances at end of the period	0.38	328.76

The company's cash and bank balances decreased dramatically from Rs. 328.76 lacs at the end of the previous financial year to Rs. 0.38 lacs at the end of this half-year.

Conclusion

Shree Krishna Infrastructure faces significant financial challenges, with a substantial loss reported for the half-year ended September 30, 2025. The auditor's disclaimer of opinion due to insufficient financial records and management changes adds to the uncertainty surrounding the company's financial position. Investors and stakeholders may need to closely monitor the company's future performance and any steps taken to address these issues.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.93%	+10.13%	-14.56%	-68.62%	-81.38%	+201.94%

Shree Krishna Infrastructure Limited (SKIFL) has announced significant changes to its leadership team and set the date for its 35th Annual General Meeting (AGM). The company's Board of Directors, at a meeting held on November 6, 2025, made several key decisions that signal a new direction for the organization.

New Executive Appointments

Mr. Anil Shiv Charan Singh has been appointed as an Additional Executive Director of the company, effective November 6, 2025. Mr. Singh brings over 15 years of extensive experience in Accounting, Financial Management, and Corporate Advisory Services. His appointment is subject to shareholder approval at the upcoming AGM.

In another significant move, Mr. Vishal Gupta has been named as the new Chief Financial Officer (CFO) of SKIFL. Mr. Gupta, a Commerce Graduate, has more than 10 years of experience in Banking, Finance, and Treasury Management. His appointment is also effective from November 6, 2025.

35th Annual General Meeting

The company has scheduled its 35th AGM for Saturday, November 29, 2025, at 3:00 p.m. IST. In line with ongoing health and safety considerations, the meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Change in Registered Office

Subject to shareholder approval, SKIFL plans to shift its registered office from Rajpipla, Narmada district, to Ahmedabad. The proposed new address is:

Office No. 37, Cabin 01, 4th Floor, Shri Krishna Centre, Near Passport Office, Mithakhali, Navrangpura, Ahmedabad 380009, Gujarat, India

This move is expected to enhance the company's operational efficiency and accessibility.

Looking Ahead

These changes come at a time when SKIFL is positioning itself for future growth. The appointment of experienced professionals to key positions and the proposed office relocation suggest a strategic realignment of the company's operations.

Shareholders and interested parties are encouraged to attend the upcoming AGM, where these changes and other important matters will be discussed in detail. The company will provide further information on how to participate in the virtual meeting closer to the date.

As Shree Krishna Infrastructure Limited embarks on this new chapter, stakeholders will be watching closely to see how these changes impact the company's performance and market position in the coming years.