Integrated Filing — IndAS



General information about company

Scrip Code 522034
NSE Symbol SHANTIGEAR
MSEI Symbol NA
ISIN INE631A01022
Name of company SHANTHI GEARS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 29-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 29-07-2026   12:00:00
End date and time of board meeting 29-07-2026   12:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
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? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has no outstanding loans and has not defaulted during the year



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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 11,549.00 11,549.00
Other income 416.00 416.00
Total income 11,965.00 11,965.00
2 Expenses
(a) Cost of materials consumed 7,087.00 7,087.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,098.00) (1,098.00)
(d) Employee benefit expense 1,978.00 1,978.00
(e) Finance costs 11.00 11.00
(f) Depreciation, depletion and amortisation expense 506.00 506.00
(f) Other Expenses
1 Other Expenses 2,064.00 2,064.00
Total other expenses 2,064.00 2,064.00
Total expenses 10,548.00 10,548.00
3 Total profit before exceptional items and tax 1,417.00 1,417.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,417.00 1,417.00
6 Tax expense
7 Current tax 487.00 487.00
8 Deferred tax (55.00) (55.00)
9 Total tax expenses 432.00 432.00
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 985.00 985.00
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 985.00 985.00
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 985.00 985.00
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 767.00 767.00
Face value of equity share capital 7.67 7.67
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.28 1.28
Diluted earnings (loss) per share from continuing operations 1.28 1.28
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 1.28 1.28
Diluted earnings (loss) per share from continuing and discontinued operations 1.28 1.28
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. These unaudited financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standards 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) read with relevant rules issued there under (‘Ind AS 34’) and other recognized accounting principles generally accepted in India and is in compliance with the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the respective meetings held on 29 July 2026 and has been subjected to limited review by the Statutory Auditors of the Company. 2. The Company's main business is manufacture of Gearboxes and Gear Products. There are no separate reportable segments as per Ind AS 108 - Operating Segments. 3. The figures of the last quarter of the financial year ended 31 March 2026 are balancing figures between the audited figures in respect of the previous financial year and the published year-to-date figures up to the third quarter of the previous financial year prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards which were subjected to a limited review. 4. On 21 November 2025, the Government of lndia notified the four Labour Codes - the Code on Wages 2019, the Industrial Relations Code 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft central rules and FAQs to enable assessment of financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of actuarial valuation obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact in the provision for Defined benefit obligation amounting to Rs. 3.22 Cr for the quarter ended 31 March 2026 and Rs. 4.78 Cr in the audited financial results for the year ended 31 March 2026, arises primarily due to a change in the wage definition, and has been presented as Statutory impact of new labour code under Exceptional items. The Company continues to monitor the finalization of Central / State Rules and the clarification from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 5. The preparation of Consolidated Financial Results for the quarter ended 30 June 2026 are not applicable since the Company does not have any Subsidiary / Associate / Joint Venture. 6. Previous period / year figures have been re-grouped wherever necessary. 7. The above financial results are also available on our website www.shanthigears.com



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 INDIA 9,681.00 9,681.00
2 AMERICA 1,366.00 1,366.00
3 EUROPE 0.00093 0.00093
4 OTHERS 0.00409 0.00409
Total Segment Revenue 11,549.00 11,549.00
Less: Inter segment revenue
Revenue from operations 11,549.00 11,549.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 INDIA 0.00 0.00
2 AMERICA 0.00 0.00
3 EUROPE 0.00 0.00
4 OTHERS 0.00 0.00
Total Profit before tax 0.00 0.00
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 0.00 0.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 INDIA 0.00 0.00
2 AMERICA 0.00 0.00
3 EUROPE 0.00 0.00
4 OTHERS 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 INDIA 0.00 0.00
2 AMERICA 0.00 0.00
3 EUROPE 0.00 0.00
4 OTHERS 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
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
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
5 Total Other comprehensive income