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Shanthala FMCG Removes CFO After ₹760.79 Lakh Customer Cash Misappropriation


31 October 2026
Shanthala FMCG Products Ltd.

H2 FY26 Consolidated Results YoY: Revenue at 31.9 Cr vs 26.9 Cr, up 18.4%. EBITDA at 1.4 Cr vs 0.8 Cr, up 77.8%. EBITDA Margin at 4.4% vs 2.9%, expansion of 150bps. Board removed CFO for alleged misappropriation of 7.6 Cr flagged in Oct 9 forensic audit; appointed Ratnakar Rai as CFO. Auditors issued qualified opinion; 5.7 Cr related-party transfers without approval. PAT swung to a loss of 6.6 Cr vs profit of 0.5 Cr; includes impairment loss of 7.6 Cr on CFO recoverable.


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