Shivom Investment & Consultancy Ltd.

Shivom Investment & Consultancy Ltd. has reported a net profit of ₹2.88 crore for the financial year ended March 31, 2026. The company's revenue from operations for the same period stood at ₹3.29 crore.

Reader Takeaway: Profit reported despite auditor's disclaimer; significant restructuring underway.

What just happened

The company announced its financial results for the fourth quarter and the full fiscal year ending March 31, 2026. Alongside these results, Shivom Investment & Consultancy disclosed a 'Disclaimer of Opinion' from its statutory auditor. This disclaimer indicates the auditor could not obtain sufficient evidence to form an opinion on the financial statements.

The reported net profit for the year ended March 31, 2026, was ₹2.88 crore, and revenue from operations was ₹3.29 crore. Total assets stood at ₹38.25 crore, with borrowings at ₹17.50 crore as of the same date.

Why this matters

The auditor's disclaimer is a significant red flag for investors. It means the reported financial figures are uncertain and may require substantial adjustments. This situation arises as the company is in the middle of a major corporate overhaul, including a business pivot and implementing a resolution plan approved by the National Company Law Tribunal (NCLT).

The backstory

Shivom Investment & Consultancy is currently undergoing a substantial transformation. The company has ceased its NBFC (Non-Banking Financial Company) activities and surrendered its license. It plans to enter the manufacturing of metal and metal-based products. This strategic shift follows an NCLT-approved resolution plan, which involves restructuring its equity and a change in control.

What changes now

The company is implementing the NCLT resolution plan, which was approved on August 18, 2025. This involves significant changes to its capital structure and management. A new Managing Director, Mr. Ravi Dhirajlal Vagadiya, has been appointed for a five-year term. New auditors have also been appointed.

Risks to watch

The primary risk for investors is the uncertainty surrounding the accuracy of the financial statements due to the auditor's disclaimer. Furthermore, the company's shares are suspended from trading, creating a liquidity risk. The proposed business pivot to metal manufacturing has not yet commenced operations as of March 31, 2026.

Peer comparison

Direct peer comparison is difficult given the company's current state of suspension and radical restructuring. However, companies in the NBFC sector undergoing resolution or pivot face similar scrutiny regarding financial transparency and operational execution. Competitors in the metal manufacturing sector will be watching the company's ability to operationalize its new business.

Context metrics (time-bound)

• Revenue from Operations (FY26): ₹3.29 crore
• Net Profit (FY26): ₹2.88 crore
• Total Assets (as at 31.03.2026): ₹38.25 crore
• Borrowings (as at 31.03.2026): ₹17.50 crore
• NCLT Resolution Plan Approval Date: August 18, 2025

What to track next

Investors should closely monitor any updates regarding the lifting of the trading suspension. Progress on asset verification and the actual commencement of the proposed metal manufacturing business will be crucial indicators of the company's future viability. Clarity from the auditor following the completion of management handover and documentation verification will also be key.