Shantai Industries Limited has disclosed a substantial acquisition of shares under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated July 24, 2024, pertains to the acquisition of equity shares by promoter Vasudev Fatandas Sawlani through transmission following the death of a co-promoter.

Share Acquisition Details

The acquisition involved the transmission of 1,32,000 equity shares to Vasudev Fatandas Sawlani on July 23, 2024. This off-market acquisition occurred due to the transmission of shares following the death of a fellow co-promoter.

Shareholding Pattern Changes

The acquisition significantly altered Sawlani's shareholding pattern in the company. His total holding increased from 16.00% to 24.80% of the company's equity share capital.

Company Information

Shantai Industries Limited maintains its equity share capital structure unchanged following this transaction. The company's shares are traded on two stock exchanges in India.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) read with Regulation 29(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was communicated to both The Bombay Stock Exchange Limited and the company's registered office in Surat. The company's total diluted share capital remains at 15,00,000 equity shares of Rs. 10 each, with no outstanding convertible securities or warrants affecting the shareholding calculation.

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.