Chandni Machines FY26 revenue shrinks as trading halts; board pivots to shipbuilding

Tipsheet Editorial — Thu, 18 Jun 2026 20:43:20 GMT

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.

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 it 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.

Primary source: BSE · NSE

Chandni Machines swaps trading for shipbuilding after revenue collapses 87%

Tipsheet Editorial — Thu, 18 Jun 2026 20:42:30 GMT

FY26 revenue fell to ₹2,597.46 lakhs from ₹20,098.62 lakhs as trading halted; board moves to add manufacturing, shipbuilding, and naval defense to MOA. Shareholder vote on July 23.

What’s new

FY26 revenue plunged 87% to ₹2,597.46 lakhs; net profit fell 49% to ₹73.12 lakhs.
Board approved MOA amendment to add manufacturing, shipbuilding, marine engineering, and naval defense.
Shareholder EGM on July 23 to vote on the object clause change.

Why it matters

Chandni Machines is making a survival pivot after its core trading business collapsed. The new lines require different capital and expertise, and success is far from assured. The ₹41 cr raised in January gives it a start, but the company is essentially starting over.

What we’re watching

Whether shareholders approve the MOA change at the July 23 EGM.
Any progress on utilising the ₹41 cr preferential allotment proceeds.
Initial contracts or order wins in the new segments.

The full read

Chandni Machines is no longer a trading company. After revenue fell 87% in FY26 to ₹2,597.46 lakhs from ₹20,098.62 lakhs, the board has moved to rewrite what the company can do. The new object clause covers manufacturing of aluminum, zinc, and metal products, plus shipbuilding, marine engineering, and naval defense. This is a strategic pivot, not an incremental shift. The company raised ₹41 crores through preferential allotments in January, giving it a capital base of ₹51 crore market cap. The EGM to approve the MOA change is July 23. The results confirm the old business model is broken; the question now is whether the new one can be built.

Primary source: BSE · NSE

Chandni Machines Ltd. (CHANDNIMACH) — Tipsheet

Chandni Machines FY26 revenue shrinks as trading halts; board pivots to shipbuilding

What’s new

Why it matters

What we’re watching

The full read

Chandni Machines swaps trading for shipbuilding after revenue collapses 87%

What’s new

Why it matters

What we’re watching

The full read