Business Update Positive

2026-05-27 17:42

CRITICAL RED FLAG DETECTED

Shanti Gold International Ltd. reported strong Q4 and FY26 performance and is expanding manufacturing capacity from 2,700 kg/annum to nearly 7,900 kg/annum with new facilities in Marol (imminent) and Jaipur (by Sep/Oct). Management guided for FY27 volume growth of 30-40% and value growth of 60-70%, targeting INR 3,000-3,500 crores in revenue. While FY26 reported PAT margins were around 7%, management clarified the sustainable core business PAT margin for FY27 is expected at 4%, as previous margins included non-recurring inventory gains. The company maintains a healthy ROCE of 38% and low debt-equity of 0.36, planning to leverage debt up to 1:1 for growth and expand its product portfolio and geographical reach, despite a delay in Dubai operations due to geopolitical issues.

Governance Neutral

2026-05-22 17:48

Shanti Gold International Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as required by Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by MNB & Co. LLP, Company Secretaries, confirms the company's compliance with applicable statutory provisions and good corporate practices, with no significant non-compliances, auditor resignations, or adverse regulatory actions noted.

Business Update Neutral

2026-05-22 17:29

Shanti Gold International Ltd. has made the audio link of its Q4FY26 Earnings Call, held on May 22, 2026, available on the company's website. The call pertains to the financial results for the quarter and year ended March 31, 2026, fulfilling compliance under Regulation 30 & 46(2) of SEBI LODR Regulations.

Financials Positive

2026-05-22 12:11

Revenue from Operations ₹658.93 Cr vs ₹297.29 Cr (▲121.65% YoY), EBITDA ₹67.01 Cr vs ₹21.12 Cr (▲217.26% YoY), PAT ₹51.93 Cr vs ₹9.19 Cr (▲465.30% YoY). EBITDA Margin 10.17% vs 7.10% (▲306bps).

Financials Positive

2026-05-21 19:41

Shanti Gold International Ltd. submitted re-stated financial results for Q1, Q2, and Q3 of FY26 due to a retrospective change in inventory valuation policy from FIFO to Weighted Average Cost (WAC). For Q1 FY26 (YoY): Operating Revenue ₹292.78Cr vs ₹239.83Cr (▲22.07%), EBITDA ₹51.41Cr vs ₹28.00Cr (▲83.63%), PAT ₹34.36Cr vs ₹21.85Cr (▲57.20%). EBITDA Margin 17.56% vs 11.67% (▲589bps). For Q2 FY26 (YoY): Operating Revenue ₹430.08Cr vs ₹266.07Cr (▲61.64%), EBITDA ₹36.79Cr vs ₹16.79Cr (▲119.09%), PAT ₹26.00Cr vs ₹8.75Cr (▲197.06%). EBITDA Margin 8.55% vs 6.31% (▲224bps). For Q3 FY26 (YoY): Operating Revenue ₹636.93Cr vs ₹303.22Cr (▲110.05%), EBITDA ₹43.79Cr vs ₹25.24Cr (▲73.46%), PAT ₹27.87Cr vs ₹12.35Cr (▲125.70%). EBITDA Margin 6.87% vs 8.32% (▼145bps).

Routine Neutral

2026-05-21 19:37

New Filing detected. See link for details.

Business Update Neutral

2026-05-18 12:37

Shanti Gold International Ltd. announced an Earnings Call on Friday, May 22, 2026, at 02:30 P.M. IST, to discuss the Audited Financial Results for the quarter and year ended March 31, 2026.

Governance Neutral

2026-05-11 18:45

The Board of Directors of Shanti Gold International Limited, at its meeting on May 11, 2026, approved a voluntary change in its accounting policy for inventory valuation from First-In-First-Out (FIFO) to Weighted Average Cost (WAC) method, effective retrospectively from April 01, 2024. This change aims to better reflect blended inventory costs, improve cost-revenue matching, and align with industry norms for more reliable financial reporting. For FY 2024-25, Profit Before Tax under WAC would be ₹7,109.33 Lakhs, compared to ₹7,283.09 Lakhs under FIFO.

Governance Neutral

2026-05-11 18:39

Shanti Gold International Ltd. announced on May 11, 2026, that its Board approved a voluntary change in inventory valuation from the First-In-First-Out (FIFO) method to the Weighted Average Cost (WAC) method. This change is effective retrospectively from April 01, 2024, for financial reporting from FY 2025-26 onwards. The company stated that the change, recommended by the Audit Committee, aligns with Ind AS 8 and industry norms, aiming to provide more reliable financial information by better reflecting blended inventory costs and improving cost-revenue matching.

Governance Positive

2026-04-25 13:45

Shanti Gold International Ltd. announced the successful passing of postal ballot resolutions. Shareholders approved the re-appointment of Mr. Pankajkumar Jagawat as Managing Director and Mr. Manojkumar Jain as Whole-Time Director, along with increases in their remuneration, with overwhelming majority.

Financials Positive

2026-04-14 17:24

For Q4 FY26, Volume grew ▲25% YoY and Revenue grew ▲Over 120% YoY, marking the strongest quarterly performance in the company's history. For the full year FY26, volumes grew 15% YoY and revenues increased over 80% YoY.

Business Update Negative

2026-03-31 18:09

Shanti Gold International Ltd. has revised the expected incorporation date for its Dubai subsidiary from March 31, 2026, to June 30, 2026. The delay is attributed to ongoing geopolitical tensions, conflict, and operational challenges in the region.

Routine Neutral

2026-03-24 17:18

Shanti Gold International Ltd. announced the closure of its trading window from April 01, 2026, until 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2026, in compliance with SEBI Insider Trading Regulations.

Governance Positive

2026-03-24 13:09

Shanti Gold International Ltd. announced a Postal Ballot for the re-appointment of Mr. Pankajkumar Jagawat as Managing Director and Mr. Manojkumar Jain as Whole-Time Director, along with proposed increases in their remuneration. E-voting will take place from March 25, 2026, to April 23, 2026.

Governance Positive

2026-03-19 17:15

Shanti Gold International's Board met on March 19, 2026, approving the re-appointment of Mr. Pankajkumar Jagawat as Managing Director and Mr. Manojkumar Jain as Whole-time Director, each for five years from September 1, 2026, with increased remuneration, pending shareholder approval.

Governance Neutral

2026-03-19 17:10

Shanti Gold International's Board re-appointed Mr. Pankajkumar Jagawat as Managing Director and Mr. Manojkumar Jain as Whole-time Director for a 5-year term (Sept 1, 2026 - Aug 31, 2031), with increased remuneration, subject to shareholder approval via Postal Ballot.

Business Update Neutral

2026-02-24 14:28

Shanti Gold International Ltd. will participate in a Non-Deal Roadshow with Investors/Analysts on February 26, 2026, from 3:30 p.m. to 5:00 p.m. IST in Mumbai. No unpublished price sensitive information will be shared during the meeting.

Financials Positive

2026-02-17 17:00

Revenue for Q3 FY26 was INR 636.9 Cr compared to INR 303.2 Cr in Q3 FY25, representing a 110.06% YoY growth. The company reported highest ever revenues for a nine-month period, driven by strong execution and increased transactions with organized jewellery retailers, and announced a capacity expansion.

Business Update Neutral

2026-02-13 17:29

Shanti Gold International Ltd. announced its management will participate in the Dolat Capital Corporate Conference 2026 on February 18, 2026, in Mumbai to discuss 'Decoding Growth Strategies'. No unpublished price sensitive information will be shared.

Business Update Positive

2026-02-13 17:00

Shanti Gold International Ltd. approved an investment of ₹4.28 Cr by subscribing to 2,00,000 convertible warrants of Golkunda Diamonds & Jewellery Ltd. at ₹214/- per warrant, via private placement. This will result in a 2.42% stake upon full conversion in the jewellery manufacturing entity.

Business Update Neutral

2026-02-11 17:44

The audio link for Shanti Gold International Ltd.'s Q3FY26 Earnings Call, held on February 11, 2026, for the quarter ended December 31, 2025, is now available on the company's website.

Routine Neutral

2026-02-10 13:58

Shanti Gold International Ltd. submitted the Monitoring Agency Report for the quarter ended December 31, 2025, regarding IPO proceeds utilization. Acuite Ratings & Research Limited confirmed no deviation from the disclosed objects, as reviewed by the Audit Committee.

Routine Neutral

2026-02-10 13:18

New Filing detected. See link for details.

Routine Neutral

2026-02-10 13:13

New Filing detected. See link for details.

Financials Positive

2026-02-10 12:01

Consolidated Revenue ₹60.99Cr vs ₹56.18Cr (▲8.6% YoY), EBITDA ₹6.36Cr vs ₹4.89Cr (▲29.9% YoY), PAT ₹4.11Cr vs ₹3.05Cr (▲35.1% YoY). EBITDA Margin 10.4% vs 8.7% (▲170bps).

Routine Neutral

2026-02-10 11:55

New Filing detected. See link for details.

Financials Neutral

2026-02-06 12:48

Shanti Gold International Ltd. announced an Earnings Call on February 11, 2026, at 12:00 P.M. IST to discuss its unaudited financial results for the quarter ended December 31, 2025 (Q3 FY26) and 9M FY26 with investors.

Routine Neutral

2026-02-05 23:50

New Filing detected. See link for details.

Business Update Positive

2026-01-24 14:06

Shanti Gold International Limited received 'CARE A-; Stable' rating for its long-term bank facilities and 'CARE A-; Stable / CARE A2+' for long/short-term facilities from CARE Ratings. The assigned rating, with a stable outlook, reflects strong financial profile, growing operations, and experienced promoters.

Business Update Positive

2026-01-23 10:45

Shanti Gold International Ltd. received credit ratings from CARE Ratings on January 23, 2026. Long Term Facilities (₹2.53Cr) were rated CARE A-; Stable, and Long Term/Short Term Facilities (₹221.00Cr) were rated CARE A-; Stable / CARE A2+. The ratings were assigned with a stable outlook.

Business Update Positive

2026-01-22 11:59

Shanti Gold International Limited announced a capacity expansion for its new manufacturing facility, increasing its capacity by approximately 4,000 kgs per annum. This expansion aims to address increasing demand from organized jewellery retailers and strengthen existing and future retail partnerships.

Business Update Positive

2026-01-22 11:55

Shanti Gold International Ltd's Board approved a capacity expansion of its jewellery manufacturing facility by 4,000 kg per annum (approx.) by Q2 FY 2026-27. This Rs. 8.50 crore investment, funded by internal accruals, aims to meet growing demand and strengthen capabilities.

Business Update Positive

2026-01-22 11:39

Shanti Gold reported strong operational update for Q3 FY26 (Dec 31, 2025): volumes grew over 30% YoY and revenue approx. 110% YoY. For 9M FY26, volumes grew over 12% YoY and revenues over 65% YoY, driven by robust demand and favorable gold price trends.

Routine Neutral

2026-01-07 13:14

Shanti Gold submits certificate regarding share dematerialization | Compliance with SEBI regulations.

SHANTIGOLD

Shanti Gold International Limited

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