Shanti Gold Int'l Restates FY26 Q1-Q3 Results After Inventory Valuation Change
Shanti Gold International re-submitted restated financial results for Q1, Q2, and Q3 of FY26 due to a change in inventory valuation from FIFO to WAC, effective April 1, 2024. The decision, approved on May 11, 2026, was influenced by Ind AS 8. The reviewed results for quarter ended June 30, 2025, September 30, 2025 and nine months ended December 31, 2025, were approved by the board on May 21, 2026.
The change in accounting policy and the subsequent restatement of results could have a moderate impact on investor perception and valuation of the company.
The announcement is a procedural update regarding the restatement of financial results due to a change in accounting policy. There is no indication of positive or negative business performance.
Shanti Gold International Limited has re-submitted its financial results for Q1, Q2, and Q3 of FY 2025-26, following a change in its accounting policy for inventory valuation. This change, effective from April 1, 2024, involves shifting from the First-In-First-Out (FIFO) method to the Weighted Average Cost (WAC) method, as mandated by Ind AS 8. The re-stated financial results and the Limited Review Report by J. Kala & Associates, Chartered Accountants, are available on the company's website and have been submitted to both BSE Limited and the National Stock Exchange of India Limited. The decision to change the accounting policy was made on May 11, 2026. The reviewed results for the quarter ended June 30, 2025, and September 30, 2025, along with the nine months ended December 31, 2025, have been approved by the Board of Directors at their meeting held on May 21, 2026.
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Shanti Gold International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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