Considered and Approved the Unaudited Standalone Financial Results of the company for the Quarter Ended on 30th June, 2025
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Shree Rajasthan Syntex Ltd's board approved unaudited standalone results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations rose about 24% year-on-year to Rs. 341 lakh (vs Rs. 275 lakh in Q1 FY25), but the company still posted a loss of Rs. 133 lakh, narrower than the Rs. 227 lakh loss a year ago. Total comprehensive loss stood at Rs. 126 lakh with EPS at Rs. (0.05). The auditor (Doogar & Associates) flagged a 'Material Uncertainty Related to Going Concern,' noting accumulated losses and current liabilities substantially exceeding current assets; the company plans to rely on investor funds and sale of non-current assets to continue as a going concern. The board also approved raising authorised share capital to Rs. 47.5 crore and a preferential issue of up to 1.27 crore equity shares (Rs. 10 face value), of which 46 lakh shares will be issued by converting existing unsecured loans into equity. Reserves remain deeply negative at Rs. (2,888) lakh.
Existing shareholders face dilution from the preferential issue (up to ~31% expansion of equity base) but the fundraise and loan-to-equity conversion could ease liquidity stress. The auditor's going-concern warning and persistently negative reserves remain key risks for the stock, though the narrowing quarterly loss and revenue growth are mildly positive.