Shekhawati Industries Limited has decided to withdraw from its proposed investment in Shekhawati & Shubhraj Developers LLP, marking a strategic reversal from its earlier announced plans. The company communicated this decision to both BSE and National Stock Exchange on 11th February, 2026.

Investment Decision Reversal

The company had previously announced its intention to invest in the limited liability partnership following a board meeting outcome that was submitted to exchanges on 15th December, 2025. The proposed investment would have involved Shekhawati Industries subscribing as a partner in Shekhawati & Shubhraj Developers LLP.

Regulatory Compliance

The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Company Information

Shekhawati Industries Limited, formerly known as Shekhawati Poly-Yarn Limited, is listed on both major Indian stock exchanges. The company trades under scrip code 533301 on BSE and symbol SHEKHAWATI on NSE. The notification was signed by Meena Ashish Agal, who serves as CFO, Company Secretary & Compliance Officer.

The company's registered office is located at Express Zone, 'A' Wing, 11th Floor, Unit No. 1102/1103, Near Patel Vatika, Off Western Express Highway, Malad (E), Mumbai-400 097, Maharashtra.

Shekhawati Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging performance during Q3FY26. The company reported a net loss of ₹51.28 lakhs compared to a profit of ₹151.20 lakhs in the corresponding quarter of the previous year, marking a significant deterioration in financial performance.

Financial Performance Overview

The company's total income declined substantially to ₹219.10 lakhs in Q3FY26 from ₹1,567.81 lakhs in Q3FY25. Revenue from operations stood at ₹213.62 lakhs, comprising various income streams including job work income of ₹167.74 lakhs and other operating revenue of ₹0.55 lakhs. The company also recorded other income of ₹5.47 lakhs during the quarter.

Expense Analysis

Total expenses for the quarter amounted to ₹270.38 lakhs compared to ₹1,416.61 lakhs in Q3FY25. Key expense components included employee benefits expenses of ₹65.23 lakhs, other expenses of ₹51.08 lakhs, and cost of materials consumed at ₹52.81 lakhs. The company also recorded construction materials consumed of ₹43.73 lakhs and depreciation expenses of ₹31.67 lakhs during the quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company demonstrated better overall performance with a net profit of ₹417.31 lakhs, though this was lower than ₹642.86 lakhs achieved in the corresponding period of the previous year. Total income for the nine-month period stood at ₹960.53 lakhs compared to ₹5,180.15 lakhs in the previous year.

Segment Performance

The company operates primarily in textile operations, which generated segment revenue of ₹213.62 lakhs in Q3FY26 compared to ₹1,528.59 lakhs in Q3FY25. Segment results from textile operations showed a profit of ₹40.16 lakhs during the quarter. The company's segment assets totaled ₹1,802.36 lakhs, with textile operations accounting for ₹263.54 lakhs and real estate operations contributing ₹1,538.83 lakhs.

Earnings Per Share

The company reported a basic and diluted earnings per share of (₹0.15) for Q3FY26 compared to ₹0.44 in Q3FY25. For the nine-month period, EPS stood at ₹1.21 compared to ₹1.86 in the previous year. The paid-up equity share capital remained unchanged at ₹3,447.00 lakhs with a face value of ₹10 per share.

Board Meeting and Compliance

The Board of Directors meeting was held on January 21, 2026, at the company's registered office in Mumbai, where the unaudited financial results were approved. The results have undergone limited review by the statutory auditors SGCO & Co. LLP and comply with Indian Accounting Standards and SEBI listing regulations.