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Shaival Reality Ltd

| Standalone Audited Financial Results for Half Year and Year Ended March 31, 2026

Report Source

⬤24th Apr 26

Summary : Shaival Reality Limited reported an unmodified audit opinion, strong cash, and debt-free status despite discontinuing primary operations and divesting JVs.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Total expenses: 60.98 Lacs (Half Year ended 31.03.2026)
  2. Consolidated Total expenses: 60.98 Lacs (Half Year ended 31.03.2026)
  3. Standalone Revenue from operations (Net sales/income): 3.15 Lacs (Half Year ended 31.03.2026)
  4. Standalone Other Income: 587.47 Lacs (Half Year ended 31.03.2026)
  5. Consolidated Revenue from operations (Net sales/income): 3.15 Lacs (Half Year ended 31.03.2026)
  6. Consolidated Other Income: 587.47 Lacs (Half Year ended 31.03.2026)
  7. Standalone Net Cash Used in Operating Activities: 888.92 Lacs (FY 2025-26)
  8. Standalone Net Cash used in Investment Activities: 912.97 Lacs (FY 2025-26)
  9. Standalone Net Changes in Cash and Cash Equivalents: 1,801.89 Lacs (FY 2025-26)
  10. Consolidated Net Cash Used in Operating Activities: 914.63 Lacs (FY 2025-26)
  11. Consolidated Net Cash used in Investment Activities: 302.77 Lacs (FY 2025-26)
  12. Consolidated Net Cash From Financing Activities: -20.72 Lacs (FY 2025-26)
  13. Consolidated Net Changes in Cash and Cash Equivalents: 1,796.68 Lacs (FY 2025-26)
  14. Standalone Share Capital: 1,157.40 Lacs (As at 31.03.2026)
  15. Standalone Reserves and Surplus: 1,019.77 Lacs (As at 31.03.2026)
  16. Standalone Total Equity and Liabilities: 2,288.38 Lacs (As at 31.03.2026)
  17. Standalone Cash and Cash Equivalents: 1,844.39 Lacs (As at 31.03.2026)
  18. Consolidated Share Capital: 1,157.40 Lacs (As at 31.03.2026)
  19. Consolidated Reserves and Surplus: 1,019.77 Lacs (As at 31.03.2026)
  20. Consolidated Total Equity and Liabilities: 2,288.38 Lacs (As at 31.03.2026)
  21. Consolidated Cash and Cash Equivalents: 1,844.39 Lacs (As at 31.03.2026)
  22. Approved transactions with related party (ies) as per Section 188 of the Companies Act, 2013.
  23. Both standalone and consolidated audited financial results are presented.
  24. Consolidated results include KCL SRPL JV and MCC SRPL JV.
  25. Company ceased joint control over JVs from 14th August 2025.

Corporate Overview

  1. Ahmedabad, Gujarat (Registered Office)
  2. Discontinuation of primary business operations during the year.
  3. Operating in renting of Immovable Property and other income.
  4. Discontinued primary business operations during the year.
  5. Formal and compliant with regulatory requirements.
  6. Acknowledges discontinuation of primary business operations.
  7. Renting of Immovable Property
  8. Other Income

Risk Factors

  1. Discontinuation of primary business operations.
  2. Uncertainty regarding future business model.
  3. Reliance on other income for revenue.
  4. Impact of joint venture divestment.

Key Drivers

  1. Unmodified audit opinion on financial results.
  2. Strong cash position, debt-free balance sheet.
  3. New Chief Financial Officer appointed.
  4. Strategic divestment of joint venture interests.

Auditor’s Report

  1. Unmodified opinion on standalone and consolidated financial results.
  2. Company has discontinued its primary business operations during the year.
  3. Disposed of entire equity interest in KCL SRPL JV and MCC SRPL JV effective 14th August 2025.
  4. No material uncertainty exists regarding the Company's ability to continue as a going concern.

Board Commentary

  1. Mr. Patel Sureshkumar Kantilal appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective 24/04/2026.
  2. Appointment follows resignation of Mr. Bhavya Sandeep Kamdar from CFO & KMP role.
  3. Discontinuation of primary business operations.
  4. Compliance with SEBI (LODR) Regulations, 2015.

Corporate Governance

  1. Auditors fulfilled ethical responsibilities in accordance with Code of Ethics.
  2. Auditors complied with ethical requirements regarding independence.
  3. Audit Committee reviewed and recommended financial results.

Management Discussion & Analysis

Future Strategy

  1. Disposal of equity interest in KCL SRPL JV and MCC SRPL JV.

Performance Drivers

  1. Significant 'Other Income' contributing to overall revenue.
  2. Effective management of expenses leading to profit.

Risk Control Measures

  1. Adequate financial resources, including cash and cash equivalents.
  2. Debt-free balance sheet and healthy reserves.
  3. Management's assessment indicates ability to continue as going concern.

Critical Risks

  1. Discontinuation of primary business operations.
  2. Potential for future business model uncertainty.