Shiva Granito Export Ltd

Shiva Granito Export Ltd has submitted its Annual Report for the financial year 2025-26 to the Bombay Stock Exchange, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report includes the company's profile, notice of the Annual General Meeting, Directors' Report, audited financial statements, and other relevant corporate information. The 11th Annual General Meeting is scheduled for September 30, 2026, at 11:30 AM in Udaipur, Rajasthan.

Shiva Granito Export Ltd has announced its 11th Annual General Meeting (AGM) will be held on September 30, 2026, at 11:30 AM at its registered office in Udaipur, Rajasthan. The agenda includes adopting financial statements for the year ended March 31, 2026, re-appointing a director and statutory auditors, and appointing two non-executive independent directors. The notice for the AGM has been enclosed with the filing.

Shiva Granito Export Ltd has announced that its Eleventh Annual General Meeting (AGM) will be held on September 30, 2026. In compliance with Section 91 of the Companies Act, 2013, the company's Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 30, 2026, inclusive. This closure is for the purpose of the AGM. The company will also facilitate remote e-voting for its members, with the e-voting period commencing on September 27, 2026, and concluding on September 29, 2026. The cut-off date for determining eligibility for voting is September 23, 2026.

Shiva Granito Export Ltd announced the appointment of Mrs. Krati Maheshwari and Mrs. Rekha Panwar as Additional Non-Executive Independent Directors. Both appointments are for a period of five years, subject to shareholder approval at the upcoming Annual General Meeting. They have also been appointed as members of the Audit Committee and Nomination & Remuneration Committee. Mrs. Maheshwari is a Qualified Company Secretary with over five years of experience, while Mrs. Panwar is a legal professional with similar experience in law and corporate compliance. Neither director is related to existing directors or debarred from holding office.

Shiva Granito Export Ltd has declared its audited standalone financial results for the year ended March 31, 2026. The audit report highlights several qualifications due to non-provision for expected credit loss on trade receivables (₹37.74 Cr), non-provision for interest on delayed payments to MSMEs, and non-provision for gratuity liability. The company also failed to provide appropriate valuation of inventories due to missing stock records. These issues could lead to increased expenses and reduced profits, with trade receivables and equity potentially overstated.

Shiva Granito Export Ltd announced its audited standalone financial results for the financial year ended March 31, 2026. The Board of Directors met on August 6, 2026, to consider and approve these results. The auditor's report highlighted several qualifications, including non-provision for expected credit loss on trade receivables amounting to ₹7,74,37,115, inadequate inventory valuation due to missing stock records, non-provision for interest payable to micro and small enterprises, and absence of gratuity liability provision as per Ind AS 19.

Shiva Granito Export Ltd has announced that its Board of Directors will convene on August 6, 2026. The primary agenda item for this meeting is to consider and approve the audited standalone financial results for the half-year and full year ending March 31, 2026. This announcement is made in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Shiva Granito Export Ltd announced the appointment of M/s Ankit Suresh Jain & Co. as its new Statutory Auditors. The decision was made by the Board of Directors on August 3, 2026, following a recommendation from the Audit Committee. This appointment is to fill a casual vacancy created by the resignation of the previous auditor. The appointment is effective from August 3, 2026, and is subject to shareholder approval at the upcoming General Meeting. M/s Ankit Suresh Jain & Co. is a chartered accountancy firm based in Udaipur, registered with ICAI, and has experience auditing various listed and private companies.

Shiva Granito Export Ltd has announced the resignation of its statutory auditors, M/s Nenawati & Associates. The auditors cited non-cooperation from the management in conducting the audit for the financial year 2025-26 as the primary reason for their resignation. The company has submitted additional details as required by SEBI circulars dated October 18, 2019, and November 11, 2024, along with the auditor's resignation letter. The auditors had previously issued a Limited Review Report for the half-year ended September 30, 2025. The resignation highlights potential corporate governance concerns regarding audit process cooperation.

Shiva Granito Export Ltd announced that its statutory auditors, M/s Nenawati & Associates, Chartered Accountants, have resigned. The resignation is effective from July 28, 2026. The auditors cited non-cooperating response from the management for the audit of FY 2025-26 as the reason for their resignation. The company has enclosed the details required under SEBI (LODR) Regulations, 2015, and the resignation letter as annexures to the filing.