Announcement • Aug 05
Shantai Industries Limited to Report Q1, 2027 Results on Aug 10, 2026 Shantai Industries Limited announced that they will report Q1, 2027 results at 3:30 PM, Indian Standard Time on Aug 10, 2026 Reported Earnings • May 27
Full year 2026 earnings released: ₹8.76 loss per share (vs ₹0.41 profit in FY 2025) Full year 2026 results: ₹8.76 loss per share (down from ₹0.41 profit in FY 2025). Revenue: ₹98.9m (down 51% from FY 2025). Net loss: ₹13.1m (down ₹16.2m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 290 percentage points per year, which is a significant difference in performance. Announcement • May 18
Shantai Industries Limited to Report Q4, 2026 Results on May 25, 2026 Shantai Industries Limited announced that they will report Q4, 2026 results on May 25, 2026 Announcement • Feb 13
Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal and Pandav Pradipkumar Vijaybhai entered into a Share Purchase Agreement to acquire 74.40% stake in Shantai Industries Limited (BSE:512297) from Disha Murli Sawlani, Harish Fatandas Sawlani, Murli Fatandas Sawlani, Reena Harish Sawlani and Vasudev Fatandas Sawlani for INR 64.17 million. Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal and Pandav Pradipkumar Vijaybhai entered into a Share Purchase Agreement to acquire 74.40% stake in Shantai Industries Limited (BSE:512297) from Disha Murli Sawlani, Harish Fatandas Sawlani, Murli Fatandas Sawlani, Reena Harish Sawlani and Vasudev Fatandas Sawlani for INR 64.17 million on February 13, 2026. A cash consideration of INR 64.17 million valued at INR 11.5 per share will be paid by the buyers. Radhe Dhokla Private Limited will acquire 66.4% Shantai Industries Limited. In a related transaction Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal and Pandav Pradipkumar Vijaybhai offered to acquire 25.60% in Shantai Industries Limited. Reported Earnings • Feb 06
Third quarter 2026 earnings released: ₹1.30 loss per share (vs ₹0.14 profit in 3Q 2025) Third quarter 2026 results: ₹1.30 loss per share (down from ₹0.14 profit in 3Q 2025). Revenue: ₹15.3m (down 81% from 3Q 2025). Net loss: ₹9.76m (down ₹10.8m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹24.12, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 29x in the Retail Distributors industry in India. Total returns to shareholders of 255% over the past three years. Announcement • Jan 29
Shantai Industries Limited to Report Q3, 2026 Results on Feb 05, 2026 Shantai Industries Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹16.13, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 29x in the Retail Distributors industry in India. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹12.97, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 30x in the Retail Distributors industry in India. Total returns to shareholders of 35% over the past three years. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.14 (vs ₹0.13 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.14 (up from ₹0.13 in 2Q 2025). Revenue: ₹25.3m (down 40% from 2Q 2025). Net income: ₹1.05m (up 8.5% from 2Q 2025). Profit margin: 4.1% (up from 2.3% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Shantai Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 Shantai Industries Limited announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Oct 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$10m (₹104.6m market cap, or US$1.18m). Minor Risk Revenue is less than US$5m (₹239m revenue, or US$2.7m). Announcement • Sep 01
Shantai Industries Limited, Annual General Meeting, Sep 24, 2025 Shantai Industries Limited, Annual General Meeting, Sep 24, 2025, at 16:00 Indian Standard Time. Location: m-8 to 13,agrassen point, citylight,surat,gujarat 395007, surat India Reported Earnings • Aug 16
First quarter 2026 earnings released: ₹0.043 loss per share (vs ₹0.032 profit in 1Q 2025) First quarter 2026 results: ₹0.043 loss per share (down from ₹0.032 profit in 1Q 2025). Revenue: ₹42.2m (up ₹36.5m from 1Q 2025). Net loss: ₹323.9k (down 236% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Shantai Industries Limited to Report Q1, 2026 Results on Aug 14, 2025 Shantai Industries Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (39% accrual ratio). Market cap is less than US$10m (₹106.7m market cap, or US$1.23m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (₹202m revenue, or US$2.3m). Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.41 (vs ₹0.084 loss in FY 2024) Full year 2025 results: EPS: ₹0.41 (up from ₹0.084 loss in FY 2024). Revenue: ₹202.5m (up ₹189.6m from FY 2024). Net income: ₹3.06m (up ₹3.69m from FY 2024). Profit margin: 1.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Shantai Industries Limited to Report Fiscal Year 2025 Results on May 30, 2025 Shantai Industries Limited announced that they will report fiscal year 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹63.75, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 23x in the Retail Distributors industry in India. Total returns to shareholders of 126% over the past three years. Buy Or Sell Opportunity • Mar 20
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ₹76.93. The fair value is estimated to be ₹61.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 96% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Mar 12
Shantai Industries Limited Announces Board Changes Shantai Industries Limited announced the resignation of Ms. Komal Agarwal, Company Secretary & Compliance Officer of the company from the post of Company Secretary & Compliance Officer, with effect from March 12, 2025 on account of personal reasons. The Board has appointed Ms. Shipra Mehta as the Company Secretary and Compliance Officer of the Company with effect from 12th March, 2025. Shipra Mehta She is Associate member of the Institute of Company Secretaries of India (ICSI) having ICSI Membership No. 70118. She is Associate member of the Institute of Company Secretaries of India (ICSI). She has done her Graduation from MDS University. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹60.30, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 25x in the Retail Distributors industry in India. Total returns to shareholders of 67% over the past three years. Board Change • Feb 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vipulbhai Munshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 01
Shantai Industries Limited to Report Q3, 2025 Results on Feb 11, 2025 Shantai Industries Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Board Change • Oct 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vipulbhai Munshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Shantai Industries Limited Announces Resignation of Omprakash Vishandas Lakhwani as Independent Director Shantai Industries Limited announced that Mr. Omprakash Vishandas Lakhwani (DIN: 08033361) have tendered his resignation as the Independent Director of the company, with effect from close of business hours on 25th October, 2024, citing pre-occupation and other personal commitments. COMPOSITION OF COMMITTEES OF BOARD: Audit Committee: Vipulbhai Subhashchandra Munshi, Chairperson, Independent Director; Vandanaben Satishbhai Dalal, Member, Independent Director; Harishbhai Fatandas Sawlani, Member, Managing Director. Nomination & Remuneration Committee: Vipulbhai Subhashchandra Munshi, Chairperson, Independent Director; Vandanaben Satishbhai Dalal, Member, Independent Director; Reena Harish Sawlani, Member, Non-Executive Director. Stakeholder’s Relationship Committee: Reena Harish Sawlani, Chairperson, Non-Executive Director; Vipulbhai Subhashchandra Munshi, Member, Independent Director; Vandanaben Satishbhai Dalal, Member, Independent Director. Announcement • Oct 17
Shantai Industries Limited to Report Q2, 2025 Results on Oct 25, 2024 Shantai Industries Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Announcement • Aug 31
Shantai Industries Limited Appoints Vipulbhai Subhashchandra Munshi as an Independent Director Shantai Industries Limited at its AGM held on August 29, 2024, considered the appointment of Mr. Vipulbhai Subhashchandra Munshi as an Independent Director of the Company. Date of appointment as an Independent Director of the Company for a period of 5 (five) years commencing from August 29, 2024 to August 28, 2029. Mr. Vipulbhai Subhashchandra Munshi, aged 59 years holds Bachelor of Commerce degree. He is an expert in the field of marketing and finance and has an experience of 14 years in managing the overall affairs of the company. He is good at finding practical solutions to various management problems and is an arch trouble shooter with innovative ideas. Reported Earnings • Aug 08
Full year 2024 earnings released: ₹0.42 loss per share (vs ₹0.64 loss in FY 2023) Full year 2024 results: ₹0.42 loss per share (improved from ₹0.64 loss in FY 2023). Revenue: ₹12.9m (up 115% from FY 2023). Net loss: ₹631.0k (loss narrowed 34% from FY 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Shantai Industries Limited, Annual General Meeting, Aug 29, 2024 Shantai Industries Limited, Annual General Meeting, Aug 29, 2024, at 16:00 Indian Standard Time. Location: m-8 to 13,agrassen point, citylight,surat,gujarat 395007, surat India Announcement • Aug 02
Shantai Industries Limited to Report Q1, 2025 Results on Aug 09, 2024 Shantai Industries Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 30
Full year 2024 earnings released: ₹0.42 loss per share (vs ₹0.64 loss in FY 2023) Full year 2024 results: ₹0.42 loss per share (improved from ₹0.64 loss in FY 2023). Revenue: ₹13.2m (up 120% from FY 2023). Net loss: ₹630.8k (loss narrowed 34% from FY 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 22
Shantai Industries Limited to Report Q4, 2024 Results on May 28, 2024 Shantai Industries Limited announced that they will report Q4, 2024 results on May 28, 2024 New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m (₹3.1m revenue, or US$37k). Market cap is less than US$10m (₹61.6m market cap, or US$738.2k). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Buy Or Sell Opportunity • Mar 12
Now 20% undervalued Over the last 90 days, the stock has risen 47% to ₹42.75. The fair value is estimated to be ₹53.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% over the last 3 years. Earnings per share has grown by 71%. Announcement • Feb 06
Shantai Industries Limited to Report Q3, 2024 Results on Feb 13, 2024 Shantai Industries Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Announcement • Oct 28
Shantai Industries Limited to Report Q2, 2024 Results on Nov 02, 2023 Shantai Industries Limited announced that they will report Q2, 2024 results on Nov 02, 2023 Announcement • Aug 24
Shantai Industries Limited, Annual General Meeting, Sep 25, 2023 Shantai Industries Limited, Annual General Meeting, Sep 25, 2023, at 16:30 Indian Standard Time. Announcement • Aug 18
Shantai Industries Limited to Report Fiscal Year 2023 Final Results on Aug 23, 2023 Shantai Industries Limited announced that they will report fiscal year 2023 final results on Aug 23, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: ₹0.40 loss per share (vs ₹0.057 loss in 1Q 2023) First quarter 2024 results: ₹0.40 loss per share (further deteriorated from ₹0.057 loss in 1Q 2023). Net loss: ₹593.8k (loss widened ₹508.1k from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 17
Shantai Industries Limited to Report Q4, 2023 Results on May 23, 2023 Shantai Industries Limited announced that they will report Q4, 2023 results on May 23, 2023 Board Change • May 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 02
Shantai Industries Limited to Report Q3, 2023 Results on Feb 07, 2023 Shantai Industries Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹41.55, the stock trades at a trailing P/E ratio of 72.7x. Average trailing P/E is 39x in the Retail Distributors industry in India. Total returns to shareholders of 28% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 14
Shantai Industries Limited to Report Q2, 2023 Results on Oct 20, 2022 Shantai Industries Limited announced that they will report Q2, 2023 results on Oct 20, 2022 Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₹29.85, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 44x in the Retail Distributors industry in India. Total loss to shareholders of 41% over the past three years. Board Change • Sep 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 07
Shantai Industries Limited, Annual General Meeting, Sep 29, 2022 Shantai Industries Limited, Annual General Meeting, Sep 29, 2022, at 16:30 Indian Standard Time. Location: 820, Golden Point, Nr. Telephone Exchange, Begampura Surat Gujarat India Agenda: To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended on 31 March, 2022, together with the Reports of the Board of Directors and Auditors' thereon; to appoint a Director in place of Mrs. Reena Harishbhai Sawlani, Director (DIN: 07245653), liable to retire by rotation in terms of section 152(6} of the Companies Act, 2013 and being eligible, seeks re-appointment; to Change the designation of Mr. Vasudev Fatandas Sawlani (DIN:00831830} from Managing Director to Whole-time director; and to transact other matters. Announcement • Jul 31
Shantai Industries Limited to Report Q1, 2023 Results on Aug 08, 2022 Shantai Industries Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Board Change • Jun 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 18
Shantai Industries Limited to Report Q4, 2022 Results on May 24, 2022 Shantai Industries Limited announced that they will report Q4, 2022 results on May 24, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 02
Now 24% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be ₹54.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 65% per annum over the last 3 years. Earnings per share has declined by 97% per annum over the last 3 years. Reported Earnings • Feb 05
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.32 (up from ₹0.35 in 3Q 2021). Revenue: ₹11.5m (up 444% from 3Q 2021). Net income: ₹1.99m (up 276% from 3Q 2021). Profit margin: 17% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Nov 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vandanaben Dalal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 27
Full year 2021 earnings released: ₹6.68 loss per share (vs ₹0.65 loss in FY 2020) Full year 2021 results: Net loss: ₹10.0m (loss widened ₹9.06m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 36% per year. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹0.35 (vs ₹3.68 loss in 3Q 2020) Third quarter 2021 results: Revenue: ₹312.0k (down 95% from 3Q 2020). Net income: ₹528.0k (up ₹6.06m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Jan 28
Shantai Industries Limited to Report Q3, 2021 Results on Feb 10, 2021 Shantai Industries Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Nov 14
Shantai Industries Limited Announces Executive Changes Shantai Industries Limited announced that Ms. Shweta C. Shah has tendered her resignation from the post of Company Secretary & Compliance Officer of the Company with effect from October 30, 2020. Company has appointed Ms Rajvi Sheth as Company Secretary & Compliance Officer of the Company at meeting of Board of Director held on 12 November,2020. Announcement • Nov 08
Shantai Industries Limited to Report Q2, 2021 Results on Nov 12, 2020 Shantai Industries Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Sep 09
Shantai Industries Limited to Report Q1, 2021 Results on Sep 09, 2020 Shantai Industries Limited announced that they will report Q1, 2021 results on Sep 09, 2020 Announcement • Aug 18
Shantai Industries Limited to Report Fiscal Year 2020 Results on Aug 25, 2020 Shantai Industries Limited announced that they will report fiscal year 2020 results on Aug 25, 2020 
