Sadhav Shipping Limited Approves Audited Financial Results and Confirms Preferential Issue Fund Utilization
Sadhav Shipping Limited (SSL) announced the approval of its audited standalone and consolidated financial results for the half-year and year ended March 31, 2026. The Board of Directors meeting held on May 14, 2026, approved the financial statements, along with the statement detailing the utilization of funds raised through the company’s preferential issue.The company also issued a certificate confirming that there was no deviation or variation in the utilization of proceeds from the preferential issue for the half-year ended March 31, 2026.
Financial Results Overview
The audited financial statements, which are available on the company's website and the stock exchange platform, report key figures across both standalone and consolidated levels. The Company's full-year revenue from operations for the period ending March 31, 2025, reached 9,686.46 Lakhs.The financial performance data for the half-year and year ended March 31, 2026, is detailed below:
Standalone Financial Results (in Lakhs)
| Particulars | Half Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Total Income | 3,530.55 | 9,744.14 |
| Total Expenses | 2,979.11 | 8,002.25 |
| Net Profit for the Period | 417.23 | 1,175.40 |
Consolidated Financial Results (in Lakhs)
| Particulars | Half Year Ended March 31, 2026 | Year Ended March 31, 25 |
|---|---|---|
| Total Income | 3,530.55 | 9,744.14 |
| Total Expenses | 2,979.11 | 8,002.25 |
| Net Profit for the Period | 417.23 | 1,175.40 |
Fund Utilization Status
In addition to approving the financial results, the Board of Directors approved the statement regarding the utilization of proceeds from the preferential issue. The Company confirmed that there was no deviation or variation in the use of these funds.The preferential issue, which raised a total amount of 2,600 Lakhs (combining Rs. 23 crore from equity shares and Rs. 3 crore from convertible warrants), was initially allocated across several heads. The company modified the general corporate purposes allocation from 300 Lakhs to 100 Lakhs.
The utilization of funds for the half-year ended March 31, 2026, showed that 1,280.11 Lakhs of the allocated funds were utilized, broken down as follows:
| Particulars | Original Allocation (in Lakhs) | Modified Amount (in Lakhs) | Amount Utilized (in Lakhs) |
|---|---|---|---|
| Repayment of Loans | 700 | 700 | 543.37 |
| Capital Investment (Purchase/Upgradation of vessels) | 1,200 | 1,200 | 236.74 |
| Working Capital Requirement | 400 | 400 | 400 |
| General Corporate Purposes | 300 | 100 | 100 |
| Total | 2,600 | 2,400 | 1,280.11 |
Audit and Governance Opinion
The statutory auditor provided the company with an unmodified opinion on both the standalone and consolidated financial results for the period.The audit report also addressed the internal financial controls system. The auditors expressed an unmodified opinion on the adequacy and operating effectiveness of the company's internal financial controls over financial reporting as of March 31, 2026.
The Company's management is responsible for establishing and maintaining internal financial controls, including the design, implementation, and maintenance of adequate controls for ensuring the accurate and complete recording of transactions and providing reliable financial information.
SADHAV Stock Price Movement
Shares of Sadhav Shipping Limited today slipped by 9.04% to settle at ₹109.65. The stock saw a total traded volume of 35,400 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.