Dear Sir/Madam, Pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read ....
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Hemang Resources Limited's Board met on May 27, 2026 and approved the standalone audited financial results for Q4 and FY ended March 31, 2026. The company reported a net loss of Rs. 42.92 Lakhs for FY2026, a significant turnaround from a net profit of Rs. 54.02 Lakhs in FY2025. Revenue from operations declined to Rs. 808.08 Lakhs from Rs. 880.18 Lakhs. Total assets decreased to Rs. 4,717.37 Lakhs from Rs. 5,557.04 Lakhs, while inventories dropped sharply by Rs. 753.98 Lakhs. The coal trading segment saw a dramatic revenue decline to Rs. 127.33 Lakhs from Rs. 721.98 Lakhs. The Board also re-appointed M/s RSPS & Associates as Internal Auditor for FY 2026-2027.
The company swung from profit to loss, indicating deteriorating operational performance. The sharp decline in coal trading revenue and overall revenue decline may negatively impact investor sentiment. The reduction in inventory suggests either weak demand or inventory liquidation.