Please find attached corrigendum to consolidated financial results of the Company for the quarter and financial year ended 31.03.2026.
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Riddhi Siddhi Gluco Biols Ltd filed a corrigendum correcting an inadvertent omission in the consolidated Balance Sheet where Current Tax Assets of Rs. 39.94 Lakhs were missing. For FY 2025-26, total income from continuing operations grew 36% to Rs. 30,444.66 lakhs (from Rs. 22,328.48 lakhs), driven by a 74% surge in trading business revenue. However, profit after tax from continuing operations dropped 68% to Rs. 2,038.64 lakhs due to higher finance costs and reduced other income. The consolidated net loss stood at Rs. 1,222.95 lakhs. The auditors highlighted three emphasis matters: Rs. 308 lakhs income tax dispute (contingent liability), further impairment of Rs. 2,784.33 lakhs on the discontinued Paper Division assets, and regulatory restraint from securities market per SAT/Supreme Court orders. Operating cash flow remained negative at Rs. 923.98 lakhs.
The company faces regulatory scrutiny with market access restrictions, significant losses from discontinued operations, and negative operating cash flows. While revenue is growing, the sharp decline in profitability and ongoing asset impairments signal financial stress.