Outcome of Board Meeting for approval of Audited Standalone Financial Results of the Company for the quarter and year ended on 31st March, 2026
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Shree Rajasthan Syntex Limited reported a net loss of Rs 807.64 Lakhs for FY26, significantly improved from Rs 1,437.69 Lakhs loss in FY25. Revenue grew marginally to Rs 1,386.08 Lakhs from Rs 1,330.74 Lakhs. The auditor (Doogar & Associates) issued an unmodified opinion but raised a Material Uncertainty Related to Going Concern due to the net loss and current liabilities exceeding current assets by Rs 307.31 Lakhs. The Board also approved enabling resolution to sell/transfer the company's undertaking and assets at Dungarpur, subject to shareholder approval. The company raised Rs 1,076.56 Lakhs via preferential allotment in November 2025 and has Rs 67.39 Lakhs unutilized from the capital expenditure allocation.
The company's going concern qualification is a serious red flag despite improved losses. Negative reserves of Rs 3,313.35 Lakhs indicate severe capital erosion. Shareholders should be cautious as the textile company's turnaround remains uncertain and asset disposal plans signal potential strategic shift or exit.