Integrated Filing — IndAS



General information about company

Scrip Code 544459
NSE Symbol SHANTIGOLD
MSEI Symbol NOTLISTED
ISIN INE06ZD01017
Name of company SHANTI GOLD INTERNATIONAL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 21-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Wholesaler & Manufacturer of Gold Ornaments
Start date and time of board meeting 21-05-2026   16:00:00
End date and time of board meeting 21-05-2026   18:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 19-12-2024
Indicate Company website link for updated RPT policy of the Company https://shantigold.in/wp-content/uploads/2025/02/Policy-on-RPT_SGIL.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
This disclsoure is not applicable to the Company as the Company has not defaulted on any of its loans or debt securities.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 65,893.00 2,01,870.90
Other income 339.10 978.80
Total income 66,232.10 2,02,849.70
2 Expenses
(a) Cost of materials consumed 58,374.90 1,99,529.60
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 107.70 (19,566.40)
(d) Employee benefit expense 209.80 737.00
(e) Finance costs 445.40 1,833.40
(f) Depreciation, depletion and amortisation expense 169.40 607.60
(f) Other Expenses
1 Hall Marking Charges 20.80 89.90
2 Insurance 8.30 24.20
3 Electricity Expenses 6.70 26.60
4 Professional Fees 34.50 112.40
5 Rent, Rates & Taxes 26.20 83.30
6 Repairs & Maintenance 31.40 78.30
7 Director Sitting fees 1.50 6.80
8 Selling & Distribution Expenses 209.80 284.40
9 Travelling Expenses 52.70 179.30
10 Miscellaneous Expenses 107.60 385.80
Total other expenses 499.50 1,271.00
Total expenses 59,806.70 1,84,412.20
3 Total profit before exceptional items and tax 6,425.40 18,437.50
4 Exceptional items 0.00 0.00
5 Total profit before tax 6,425.40 18,437.50
6 Tax expense
7 Current tax 1,189.50 4,230.90
8 Deferred tax 43.10 191.20
9 Total tax expenses 1,232.60 4,422.10
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5,192.80 14,015.40
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 5,192.80 14,015.40
17 Other comprehensive income net of taxes (22.70) (18.00)
18 Total Comprehensive Income for the period 5,170.10 13,997.40
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 7,209.60 7,209.60
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 52,629.50
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 7.86 21.22
Diluted earnings (loss) per share from continuing operations 7.86 21.22
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 7.86 21.22
Diluted earnings (loss) per share from continuing and discontinued operations 7.86 21.22
24 Debt equity ratio 0.3600 0.3600
25 Debt service coverage ratio 4.5200 4.5200
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1,837.10
Capital work-in-progress 1,004.70
Investment property 2,318.80
Goodwill 0.00
Other intangible assets 68.80
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.30
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Fixed Deposits with Banks 325.00
2 Security Deposits 328.40
Total of other non-current financial assets 653.40
Total non-current financial assets 653.70
Deferred tax assets (net) 0.00
Other non-current assets
1 Right-of-use asset 1,700.00
Total of other non-current assets 1,700.00
Total non-current assets 7,583.10
2 Current assets
Inventories 34,749.10
Current financial asset
Current investments 0.00
Trade receivables, current 36,294.40
Cash and cash equivalents 160.90
Bank balance other than cash and cash equivalents 4,756.60
Loans, current 0.00
Other current financial assets
Total of other current financial assets 61.40
Total current financial assets 41,273.30
Current tax assets (net) 0.00
Other current assets
1 Prepaid Expenses 103.60
2 Advance to Creditors 589.90
3 Advance to staff 5.80
4 Balance with govt. authorities 1,327.10
5 Interest On Income Tax Refund Receivable 1.80
6 Pre Incorporation For Dubai 13.80
7 Preliminary Expenses For IPO 0.00
Total of other current assets 2,042.00
Total current assets 78,064.40
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 85,647.50
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 7,209.60
Other equity 52,629.50
Total equity attributable to owners of parent 59,839.10
Non controlling interest
Total equity 59,839.10
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 727.90
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Deposit Received 107.50
2 Lease Liabilities 632.50
Total of other non-current financial liabilities 740.00
Total non-current financial liabilities 1,467.90
Provisions, non-current 2.90
Deferred tax liabilities (net) 787.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 2,257.80
Current liabilities
Current financial liabilities
Borrowings, current 19,832.60
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 190.60
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 822.40
Total Trade payable 1,013.00
Other current financial liabilities
1 Interest Accrued But Not Due 42.20
2 Creditors For Capital Expenses 0.00
3 Expenses Payable 66.20
4 Salary & Wages Payable 31.30
5 Lease Liabilities 431.40
Total of other current financial liabilities 571.10
Total current financial liabilities 21,416.70
Other current liabilities 1,245.70
1 Unearned Rent 9.80
2 Advances Received From Customers 1,189.10
3 Contribution to Provident Fund & ESIC Payable 11.60
4 Due To Government Authorities 35.20
Total of other current liabilities 1,245.70
Provisions, current 888.20
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 23,550.60
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 25,808.40
Total equity and liabilites 85,647.50
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 30.30 24.10
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss (7.60) (6.10)
5 Total Other comprehensive income (22.70) (18.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 18,437.50
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,833.40
Adjustments for decrease (increase) in inventories (21,355.10)
Adjustments for decrease (increase) in trade receivables, current (18,129.80)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,364.80)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (40.70)
Adjustments for other bank balances (3,674.30)
Adjustments for increase (decrease) in trade payables, current 406.30
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,009.50
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 607.60
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 3.70
Adjustments for provisions, current (35.40)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (29.50)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (345.80)
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 354.60
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (40,760.30)
Net cash flows from (used in) operations (22,322.80)
Dividends received 0.00
Interest paid 0.00
Interest received 260.00
Income taxes paid (refund) 4,000.30
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (26,063.10)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2.50
Purchase of property, plant and equipment 520.90
Proceeds from sales of investment property 0.00
Purchase of investment property 113.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received (260.00)
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (773.50)
Net cash flows from (used in) investing activities (1,664.90)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 32,032.80
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 261.40
Repayments of borrowings 1,479.60
Payments of lease liabilities 374.90
Dividends paid 0.00
Interest paid 1,708.10
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,525.00)
Net cash flows from (used in) financing activities 27,206.60
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (521.40)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 345.80
Net increase (decrease) in cash and cash equivalents (175.60)
Cash and cash equivalents cash flow statement at beginning of period 336.50
Cash and cash equivalents cash flow statement at end of period 160.90





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 J. Kala & Associates Yes 31-01-2029


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 01-08-2025
Amount Raised 36,011.00
Report filed for Quarter ended 31-03-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Acuite Ratings & Research Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NOT APPLICABLE
Comments of the Audit Committee after review NO COMMENTS
Comments of the auditors, if any NO COMMENTS
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility 0 4,629.70 0.00 213.00 0.00
2 Funding working capital requirements of our Company 0 20,000.00 0.00 20,000.00 0.00
3 Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company 0 1,700.00 0.00 1,700.00 0.00
4 General corporate purposes 0 4,601.40 0.00 4,600.00 0.00


Signatory Details

Name of signatory Vrushti Shah
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 21-05-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Shanti Gold International Limited Pankajkumar Jagawat Managing Director Remuneration 66.20 None 66.20 6.00 16.00
2 Shanti Gold International Limited Manojkumar Jain Whole-time Director Remuneration 66.20 None 66.20 6.10 15.30
3 Shanti Gold International Limited Manojkumar Jain Whole-time Director Loan 7.80 None 7.80 17.40 9.60 Loan 0 Payable on demand Unsecured General Business Purpose
4 Shanti Gold International Limited Kavita Jain Director's Wife Any other transaction Salary 12.00 None 12.00 1.80 1.80
5 Shanti Gold International Limited Suman P. Jagawat Director's Wife Any other transaction Salary 12.00 None 12.00 1.80 1.80
6 Shanti Gold International Limited Mir Pankaj Jagawat Director's Son Any other transaction Salary 4.50 None 4.50 0.50 2.00
7 Shanti Gold International Limited Krish Pankaj Jagawat Director's Son Any other transaction Salary 12.00 None 12.00 1.70 1.70
8 Shanti Gold International Limited Vansh Manoj Jain Director's Son Any other transaction Salary 12.00 None 12.00 1.70 1.70
9 Shanti Gold International Limited Shashank Jagawat Non Executive Director Any other transaction Director Sitting Fees 0.50 None 0.50 2.80 0.50
10 Shanti Gold International Limited Pankajkumar Jagawat Managing Director Loan 0.00 None 0.00 0.00 0.00 Loan 0 Payable on demand Unsecured General Business Purpose
Total value of transaction during the reporting period 193.20