Shreenath Investment Company Limited (SICL) announced the resignation of its statutory auditors, Kamdar Dalal & Associates, Chartered Accountants, effective November 15, 2025. The resignation comes as a result of the audit firm's planned dissolution by November 30, 2025.

Key Details of the Resignation

Appointment of New Auditor

Following the resignation, SICL's Board has approved the appointment of M/s. Mahesh Patira Associates as the new statutory auditor to fill the casual vacancy. The appointment is for the Financial Year 2025-26 and is subject to shareholder approval in the upcoming General Meeting. M/s. Mahesh Patira Associates brings over 30 years of experience in accounting, auditing, and taxation services.

Implications and Next Steps

The company has confirmed that there are no other material concerns or circumstances related to the previous auditors' resignation that need to be brought to the attention of SICL's members or creditors. The resignation is solely due to the mutual decision of the partners to dissolve the audit firm.

As per regulatory requirements, Kamdar Dalal & Associates will file Form ADT-3 with the Registrar of Companies, in accordance with Section 140(2) of the Companies Act, 2013, read with Rule 8 of the Companies (Audit & Auditors) Rules, 2014.

Recent Audit Activities

Prior to their resignation, Kamdar Dalal & Associates submitted their latest Limited Review Report for the second quarter of the financial year 2025-26 on November 12, 2025.

Company's Response

Shreenath Investment Company Limited has informed the BSE Limited about these developments, in compliance with Regulation 30 Schedule III Part A sub-clause 7A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment of M/s. Mahesh Patira Associates as the new statutory auditor demonstrates SICL's commitment to ensuring continuity in its audit processes. Shareholders and investors should note that the new auditor's appointment will be put to vote in the upcoming General Meeting.

Shreenath Investment Company Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing substantial growth in total comprehensive income and a strong financial position.

Financial Highlights

The company reported impressive financial performance for Q2 FY2026:

Key Financial Metrics

• Total Assets: Increased to ₹43,375.57 lakhs as of September 30, 2025, compared to ₹38,735.74 lakhs as of March 31, 2025.
• Investments: Form a major portion of assets at ₹43,339.33 lakhs, indicating a strong investment portfolio.
• Equity: The company's equity share capital remains stable at ₹25 lakhs, with other equity growing to ₹38,182.01 lakhs.

Performance Analysis

Shreenath Investment Company Limited demonstrated robust financial health in Q2 FY2026:

1. Revenue Growth: The company's total income for the quarter stood at ₹107.90 lakhs, primarily driven by other income.
2. Profitability: Net profit after tax reached ₹83.25 lakhs for the quarter, showcasing strong bottom-line performance.
3. Comprehensive Income: The total comprehensive income for the half-year surged to ₹3,900.69 lakhs, indicating substantial growth in the company's overall financial position.
4. Asset Growth: Total assets increased by 12% from March 31, 2025, to September 30, 2025, reflecting the company's expanding financial base.
5. Investment Strategy: With investments forming a significant portion of assets, the company maintains a strong focus on its investment portfolio.

Management Commentary

The Board of Directors approved these results in their meeting held on November 12, 2025. While specific management comments were not provided, the financial results reflect a positive trajectory for the company.

Conclusion

Shreenath Investment Company Limited's Q2 FY2026 results demonstrate strong financial performance, with significant growth in total comprehensive income and a robust balance sheet. The company's focus on investments and asset growth positions it well for continued success in the investment sector.

Investors and stakeholders may find these results encouraging, as they reflect the company's ability to generate substantial returns and maintain a strong financial position in the current market environment.