Audited Standalone Financial Results of the Company for the quarter and year ended on 31st March, 2026
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Shree Rajasthan Syntex Ltd reported a net loss of Rs 807.64 lakhs for FY26, significantly improved from Rs 1,437.69 lakhs loss in FY25. Revenue from operations grew marginally to Rs 1,386.08 lakhs from Rs 1,330.74 lakhs. The auditor raised a 'Material Uncertainty Related to Going Concern' noting the company incurred a net loss of Rs 839.31 lakhs and current liabilities exceeded current assets by Rs 307.31 lakhs. The company raised Rs 1,076.56 lakhs via preferential issue in November 2025, utilizing funds for debt repayment, employee dues, and working capital. The Board also approved potential sale/disposal of the entire undertaking subject to shareholder approval. Despite negative reserves of Rs 3,313.35 lakhs, total equity turned positive at Rs 760.38 lakhs due to fresh capital infusion.
The company shows improvement in losses but faces serious going concern risks. The auditor's warning about ability to continue as a going concern is a significant red flag for shareholders. The proposed asset sale indicates potential major restructuring ahead.