SHILCHAR TECHNOLOGIES LTD.

Shilchar Technologies Ltd has announced the closure of its trading window for dealing in equity shares. This closure is in accordance with SEBI regulations and the company's insider trading code. The window will be shut from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The specific date for the board meeting to consider these results will be communicated later. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Shilchar Technologies Ltd. received an order from the Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara, regarding a demand of ₹3,19,24,454. The order, dated April 30, 2026, and received on May 12, 2026, set aside a demand of ₹3,17,73,217, including directions to re-determine a demand of ₹1,64,50,315 under Section 73 of the CGST Act, 2017. The interest and penalty related to the set-aside tax demand were also waived. The company states that the order does not have a material impact on its financial position or operations.

Shilchar Technologies Ltd's board approved the audited financial results for the quarter and financial year ended March 31, 2026. They recommended a final dividend of 125% (₹12.50 per share) subject to shareholder approval. The board also approved the re-appointment of Mr. Aashay Alay Shah as Whole Time Director from November 1, 2026, to October 31, 2031, also subject to shareholder approval. The auditor's report has an unmodified opinion.

Shilchar Technologies Ltd's board recommended a final dividend of 125% (₹12.50 per share) for FY 2025-2026, subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the re-appointment of Mr. Aashay Alay Shah as Whole Time Director from November 1, 2026, to October 31, 2031, also subject to shareholder approval. The decisions were made during the board meeting held on May 5, 2026, where the audited financial results for the quarter and financial year ended March 31, 2026, were also approved.

Shilchar Technologies Ltd's board approved audited financial results for FY26 with an unmodified audit opinion. A final dividend of ₹12.50 per share (125%) was recommended, subject to shareholder approval. Mr. Aashay Alay Shah was re-appointed as Whole Time Director from November 1, 2026, to October 31, 2031, also pending shareholder approval.

Shilchar Technologies Ltd's Board of Directors will meet on May 5, 2026, to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026. The Board will also consider recommending a final dividend for the financial year ended March 31, 2026. Additionally, the meeting will address fixing the date, time, and mode for the 40th Annual General Meeting and approving its draft notice. The trading window for designated personnel will remain closed until 48 hours after the public announcement of the board meeting's outcome.

Shilchar Technologies Ltd has received a demand order under Section 74 of the CGST Act, 2017 from the Joint Commissioner, Vadodara-I. The demand is for INR 3,21,20,305 along with interest and penalty. The demand arose from audit observations relating to classification, reconciliation of GST returns, reconciliation with financial statements, and certain procedural aspects. The company believes it has a strong case on merits and does not expect any material impact on its financial position. The company is in the process to challenge the said Order before the First Appellate Authority.

Shilchar Technologies Ltd has announced the closure of its trading window for dealing in equity shares by Directors, Promoters, Members of Promoter Group, Designated Employees and Specified Connected Persons as defined in the company's Code of Conduct for Prevention of Insider Trading. The closure will be effective from 1st April, 2026 until 48 hours after the declaration of Audited financial results for the quarter and financial year ending on 31st March, 2026. The date of the Board Meeting to consider these results will be intimated in due course.

Shilchar Technologies Ltd has appointed Mr. Aatman Alay Shah as Whole Time Director and Mr. Arvind Nopany as Non-Executive Independent Director. The appointments were approved by the Shareholders of the Company through Postal Ballot Notice dated 02 February, 2026 and became effective on 06 March, 2026. The appointments are for a term of 5 consecutive years. Mr. Aatman Alay Shah has extensive experience in Project Management, Marketing, and Business Development, while Mr. Arvind Nopany is the Chairman and Managing Director of the Company. Neither of the appointees is debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.

Shilchar Technologies Ltd has reported its unaudited financial results for the quarter and nine months ended on 31st December, 2025. The company approved the results in a board meeting on 31st January, 2026. The meeting was conducted by CNK & Associates LLP Chartered Accountants, who issued a limited review report on the results. The company's revenue from operations was 17,025.9 lakhs, with a net loss of 4,233.7 lakhs. The company has made an additional provision of 42.24 lakhs under 'Employee benefit expense' for the new Labour Codes implemented by the Government of India. The company's equity shares got listed on the National Stock Exchange of India Limited on 24th November, 2025.