What’s new

• Annual revenue jumped to ₹78.3 crore from ₹13 crore in FY25.
• Net profit reached ₹1.64 crore, up from ₹6.7 lakh.
• Auditors flagged missing internal audits, non-compliance with depreciation norms, and ₹3.72 crore in tax disputes.

Why it matters

The company is growing fast, but the underlying governance structure is crumbling. Revenue growth is only half the story when an auditor issues formal qualifications regarding basic internal controls and regulatory compliance. The results are a red flag for the quality of reported earnings.

What we’re watching

• Whether the company appoints an internal auditor to clear the current qualification.
• Resolution of the ₹3.72 crore in outstanding tax disputes.
• Evidence that the new agricultural trading division can sustain these margins.

The full read

Shakti Press posted a massive increase in revenue for FY26, climbing to ₹78.3 crore from ₹13 crore the year prior. The shift centers on a new agricultural trading division that accounted for ₹68 crore of that total. Profit rose alongside the top line, hitting ₹1.64 crore compared to ₹6.7 lakh in FY25. Yet, these results arrive with a warning. The auditor’s report is thick with qualifications, specifically citing the lack of an internal audit function and failure to follow Ind AS standards for depreciation and deferred taxes. Adding to the concern are ₹3.72 crore in pending tax disputes and overdue statutory dues. Growth in this sector is common, but it rarely arrives with such significant governance gaps. Investors should ask whether the expansion is actually viable or if it has merely obscured institutional weakness. For now, the financial growth is real, but the accounting health is not.

Primary source: BSE · NSE