Shervani Industrial Syndicate FY26 Results

Standalone net loss of Rs 69 lakh and revenue of Rs 1,687 lakh reported for FY26.
Reader Takeaway: Dividend payout offers some shareholder relief, but declining revenue and a pending GST tax dispute create operational pressure.

What just happened

Shervani Industrial Syndicate Ltd has declared its standalone financial results for the year ending March 31, 2026. The company swung into a net loss of Rs 69 lakh compared to a profit of Rs 446 lakh in the prior year. Revenue from operations dropped to Rs 1,687 lakh from Rs 4,403 lakh in the previous fiscal period.

Dividend Recommendation

The board has recommended a dividend of 25% for the year, amounting to Rs 2.50 per Ordinary share and Rs 6.25 per Deferred share, pending approval at the upcoming Annual General Meeting.

Legal and Regulatory Matters

The company faces a GST demand order from the Assistant Commissioner, CGST & Central Excise Division-II, Allahabad. The demand totals Rs 1,33,96,340, including penalties and interest, related to the purchase of Floor Area Ratio (FAR) between FY20 and FY23. Shervani Industrial intends to file an appeal against this order.

Business and Project Updates

• Group Housing: The company is working on 'Unity Tower' in Prayagraj, aiming for UPRERA registration.
• Eco-tourism: Construction is ongoing for a holiday resort project in District Prayagraj.
• Subsidiary Performance: Farco Foods Private Limited, a wholly-owned subsidiary, recorded a loss of Rs 4 lakh due to production underutilization.

Leadership Changes

Mr. Bal Krishna Misra has been appointed as Executive Director effective August 6, 2026, bringing over 22 years of expertise in finance and corporate law.