Chandni Machines FY26 revenue shrinks as trading halts; board pivots to shipbuilding
Revenue drops to ₹2,597.46 lakhs from ₹20,098.62 lakhs; net profit falls to ₹73.12 lakhs. Board adds shipbuilding and naval defence to object clause after ₹41-crore preferential allotment.
— 1 earlier story on Chandni Machines Ltd. →What's new
- FY26 revenue falls to ₹2,597.46 lakhs from ₹20,098.62 lakhs; net profit at ₹73.12 lakhs.
- Company effectively ceased trading in the second half of the year.
- Board proposes adding shipbuilding, naval defence, and metal manufacturing to MOA after ₹41-cr preferential raise.
Why this matters
Chandni Machines is restarting as a manufacturing company. The ₹41-cr war chest funds the pivot, but execution risk is enormous for a business that just saw near-zero trading. The MOA change is only the first step.
What we're watching
- Shareholder approval for MOA change at EGM on July 23, 2026.
- First signs of new business revenue in FY27.
- Whether the company can transition from near-zero operations to shipbuilding and defence.
The full read
Chandni Machines' FY26 numbers confirm what the market suspected: the company has stopped trading. Revenue fell to ₹2,597.46 lakhs from ₹20,098.62 lakhs, and net profit dropped to ₹73.12 lakhs from ₹142.71 lakhs. The effective halt in the second half leaves the company idle. The board is betting on a dramatic pivot: it has proposed adding shipbuilding, naval defence, aluminium and metal manufacturing to the company's object clause — a move funded by a ₹41-crore preferential allotment in January. The EGM is set for July 23, 2026. The ₹41 crore gives it a war chest, but building a manufacturing business from a near-zero base is a high-risk bet. For a company with a ₹51-crore market cap, the next few quarters will reveal whether the pivot has substance.
Questions answered
- Why did Chandni Machines' revenue collapse in FY26?
- The company effectively ceased trading in the second half of the year, leading to revenue falling to ₹2,597.46 lakhs from ₹20,098.62 lakhs.
- What is the company planning to do now?
- It wants to enter shipbuilding, naval defence, aluminium and metal manufacturing by altering its main object clause, subject to shareholder approval.
- How is the pivot being funded?
- A ₹41-crore preferential allotment completed in January 2026 provides the capital for the new ventures.
- When will shareholders vote on the MOA change?
- An extraordinary general meeting (EGM) on July 23, 2026 will consider the amendment.
Chandni Machines Ltd.
Latest quarter · Mar 2026
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All notes on CHANDNIMACH →- 18 Jun 2026 · 8:43 PM IST Chandni Machines FY26 revenue shrinks as trading halts; board pivots to shipbuilding
- 18d ago Chandni Machines swaps trading for shipbuilding after revenue collapses 87%