Shivom Investment completed its insolvency process and is transitioning into metal manufacturing. For FY26, it reported a profit of ₹2.88 crore on ₹3.50 crore income, though shares remain suspended.

Shivom Investment Completes CIRP, Eyes Metal Manufacturing

Shivom Investment reported a Profit After Tax of ₹2.88 Crore for FY 2025-26.
Total Income stood at ₹3.50 Crore for FY 2025-26.

Reader Takeaway: Turnaround in early stages; track trading suspension and new unit progress.

What just happened

Shivom Investment & Consultancy Ltd has officially completed its Corporate Insolvency Resolution Process (CIRP) as of August 18, 2025. The company is actively pivoting from its previous role as an inactive Non-Banking Financial Company (NBFC) to becoming a manufacturer of metal and metal-based products. The financial year 2025-26 is described as a transition phase with no active commercial operations.

Why this matters

This marks a significant shift for the company following a period of insolvency. The pivot to a new industry, metal manufacturing, signals a potential turnaround. However, the company is still in its nascent stages of this transformation, with ongoing efforts to stabilize operations and plan for the new business.

The backstory

Previously an inactive NBFC, Shivom Investment underwent CIRP. The company is now under new management focused on establishing a metal products manufacturing business. The transition phase means current financials reflect administrative activities rather than core business operations.

What changes now

The company's strategic direction has fundamentally changed. It is focusing on administrative stabilization and laying the groundwork for its metal manufacturing unit. Shareholders are being asked to approve increased borrowing powers up to ₹500 Crore and investment limits up to ₹200 Crore to fuel future growth initiatives.

Auditor and Regulatory Risks

Adding a layer of caution, the Statutory Auditor has issued a disclaimer of opinion. This means they could not form an opinion on the financial statements due to the transition period and information gaps concerning historical assets and liabilities. Furthermore, the company's shares remain suspended on the BSE due to the non-payment of annual listing fees by the prior management. An application for revocation of this suspension has been made.

Peer comparison

As the company is in a transition phase and has no active commercial operations in the new sector, a direct peer comparison for the current financial year is not applicable. Its former operations as an NBFC are now defunct.

Context metrics

For FY 2025-26, Shivom Investment reported Total Income of ₹3.50 Crore and Total Expenditure of ₹0.61 Crore, resulting in a Profit After Tax of ₹2.88 Crore. Total Assets were ₹38.25 Crore, with a Paid-up Equity Share Capital of ₹6.44 Crore. This compares to FY 2024-25, where Profit After Tax was ₹3.70 Crore on Total Income of ₹3.87 Crore.

What to track next

Investors should closely monitor the progress of the trading suspension revocation on the BSE. Additionally, updates on the establishment of the new metal manufacturing unit and the resolution of accounting and compliance discrepancies under the new management will be crucial.