Seya Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Seya Industries Limited, a specialty chemicals company under Corporate Insolvency Resolution Process (CIRP) since November 2023, has reported audited financial results for FY2026. The company reported NIL revenue from operations with total income of Rs 1,664.75 lakhs from other income only. Despite zero operating revenue, losses narrowed significantly to Rs 287.41 lakhs (PAT) compared to Rs 630.69 lakhs loss in FY2025. Total expenses reduced to Rs 2,177.68 lakhs from Rs 2,328.14 lakhs. The balance sheet shows total debt of approximately Rs 7,730 lakhs against equity of Rs 8,184 lakhs. The statutory auditor has issued an unmodified (clean) opinion on the financial statements which have been approved by the Interim Resolution Professional (IRP).
The company continues to operate under insolvency proceedings with zero operating revenue, making this a high-risk investment. While losses have improved year-on-year, the lack of operational revenue and ongoing CIRP create significant uncertainty about the company's future. Shareholders should be cautious as the outcome depends on the resolution plan under CIRP.