Pursuant to Second proviso to Regulation 30(6) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the Board of Directors ....
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The board of Saianand Commercial Limited approved unaudited financial results for the quarter and half year ended September 30, 2025, at a brief meeting held on November 6, 2025. The company reported zero revenue from operations in both Q2 FY26 and H1 FY26, compared with Rs. 119.82 lakhs and Rs. 247.54 lakhs in the same periods last year. Total income for H1 FY26 stood at Rs. 129.65 lakhs (vs Rs. 270.84 lakhs in H1 FY25), almost entirely from other income. Net profit jumped to Rs. 107.20 lakhs (H1 FY25: Rs. 17.29 lakhs), pushing up EPS to Rs. 0.05 from Rs. 0.01, driven mainly by sharply lower expenses. On the balance sheet, total assets rose marginally to Rs. 4,349.29 lakhs, with other equity increasing to Rs. 1,847.29 lakhs and short-term borrowings reduced to Rs. 230 lakhs. Operating cash flow turned positive at Rs. 144.35 lakhs versus a negative Rs. 147.05 lakhs a year ago. Notably, the reviewing auditor changed between quarters — Rishi Sekhri and Associates signed off on Q1 FY26, while Bipin & Co. (FRN 101509W) reviewed the current quarter.
Profits are now coming entirely from other income, with no core operating revenue, making the earnings quality a concern for shareholders. The unexplained switch in reviewing auditors between Q1 and Q2 FY26 is a governance red flag worth tracking.