Outcome of Board Meeting for the quarter and Financial Year ended 31.03.2026.
Awaiting price reaction for this filing.
Silverline Technologies board approved audited financial results for Q4 and FY ended March 2026. Full-year revenue grew significantly to Rs 20,356 Lakhs from Rs 3,371 Lakhs in the previous year. However, the company reported a net loss of Rs 394 Lakhs for the full year despite operating profit of Rs 225 Lakhs, mainly due to high tax expense of Rs 619 Lakhs. Q4 was particularly weak with revenue of only Rs 340 Lakhs and a loss of Rs 2,643 Lakhs. The statutory auditors issued an unmodified (clean) opinion on the financial results. Two independent directors resigned citing pre-occupation with other matters, and two new independent directors were appointed subject to shareholder approval. The board also approved shifting the registered office from Thane to Andheri East, Mumbai, Section 185 loan guarantees, and increasing FPI shareholding limits to 49%.
The company shows strong revenue growth but deteriorating profitability with negative equity of Rs 3,798 Lakhs on the balance sheet. The weak Q4 performance and full-year losses despite top-line growth are concerning signals for shareholders. The clean audit opinion provides some comfort.