Shiv Texchem grows profit to ₹7.78 cr despite U.S. sanctions
Revenue climbed to ₹278.2 cr in FY26, but the company remains under U.S. OFAC sanctions that restrict its banking access.
— 1 earlier story on Shiv Texchem Ltd. →What's new
- Revenue rose to ₹278.2 cr from ₹220.5 cr in the prior year.
- Net profit increased to ₹7.78 cr, yielding an EPS of ₹49.61.
- Shruti Vyas, a Chartered Accountant, joined the board as an Additional Independent Director.
Why this matters
The company is growing while operating under a significant regulatory cloud. The auditor's 'Emphasis of Matter' regarding U.S. OFAC sanctions remains the primary risk, as it continues to limit the company's banking options.
What we're watching
- Updates on the delisting efforts managed by U.S. legal counsel.
- Any easing of banking restrictions as the company pursues its legal strategy.
- The impact of the new Independent Director on corporate governance.
The full read
Shiv Texchem delivered a strong fiscal year, with revenue reaching ₹278.2 crore and net profit climbing to ₹7.78 crore. For a company with a market capitalization of roughly ₹357 crore, these results show clear growth. However, the financial success is shadowed by the auditor's ongoing 'Emphasis of Matter' regarding U.S. OFAC sanctions. These sanctions continue to restrict the company's banking channels, creating a persistent hurdle for day-to-day operations. While the company has hired U.S. legal counsel to work toward delisting, the timeline for resolution remains uncertain. The board added Shruti Vyas, a Chartered Accountant, as an Additional Independent Director to improve governance. The core tension for investors is clear: the company is growing, but its ability to access global banking remains compromised by its current regulatory status.
Questions answered
- How did Shiv Texchem perform financially in FY26?
- The company grew its total revenue to ₹278.2 crore from ₹220.5 crore in the previous year. Net profit rose to ₹7.78 crore, up from ₹4.81 crore.
- What is the status of the U.S. OFAC sanctions?
- The auditor maintains an 'Emphasis of Matter' regarding the sanctions. These restrictions continue to limit the company's access to certain banking channels.
- What is the company doing about the sanctions?
- Shiv Texchem has engaged U.S.-based legal counsel to pursue delisting efforts. There is no timeline provided for when these restrictions might be lifted.
- Who was recently appointed to the board?
- The board appointed Mrs. Shruti Vyas as an Additional Independent Director. She is a Chartered Accountant with over 20 years of professional experience.
Story so far
All notes on SHIVTEXCHEM →- 27 May 2026 · 8:16 PM IST Shiv Texchem grows profit to ₹7.78 cr despite U.S. sanctions
- today Shiv Texchem grows revenue to ₹2,782 cr, but OFAC sanctions persist