Shiva Granito Export Ltd — Board Meeting, 23-06-2025: Board Meeting

Shiva Granito Export Limited has announced a board meeting to approve the audited standalone financial results for the half year and year ended March 31, 2025, and appointed M/s Mohit Vanawat & Associates as Secretarial Auditor for FY 2025-26, subject to shareholder approval. The company reported total revenue of ₹866.01 lakh and a net profit of ₹2.48 lakh for the year, with earnings per share of ₹0.02. The auditor issued a qualified opinion due to non-provisioning for expected credit loss on trade receivables amounting to ₹3.77 crore, non-provision of interest on delayed payments to MSME creditors, and absence of gratuity liability provision. Management believes receivables are recoverable and is addressing the issues. Total assets stand at ₹32.64 Cr with equity of ₹23.26 Cr. The audit qualification is a repeat from the prior year, highlighting continuing financial control gaps that investors should monitor.