The Stock Exchange and Stakeholders are requested to take on record the Outcome of the Board Meeting, as attached herewith.
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Awaiting price reaction for this filing.
Shentracon Chemicals Ltd reported revenue of Rs 16.75 lakh for FY2026, down from Rs 17.66 lakh in FY2025, indicating a marginal revenue decline of about 5%. The company posted a net loss of Rs 33.35 lakh for the year, worsening from a loss of Rs 29.90 lakh in the previous year. For Q4 FY26 alone, revenue was Rs 4.75 lakh. The balance sheet shows severe distress with negative net worth of Rs 225.80 lakh (equity share capital Rs 443.81 lakh minus accumulated losses of Rs 669.61 lakh). The company had negative operating cash flow of Rs 4.99 lakh during the year. Statutory auditors M/s Mark and Co. issued an unmodified (clean) audit opinion on the financial results.
The company continues to incur losses with declining revenue and negative net worth, which raises significant concerns about its financial viability. The clean audit opinion without any qualification may be misleading given the company's distressed financial position. Shareholders should be cautious as the stock appears to be a penny stock with deteriorating fundamentals.