Outcome of Board Meeting for approval of Unaudited Standalone Financial Results of the Company for the quarter and Nine Months ended on 31st December, 2025.
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The Board of Directors of Shree Rajasthan Syntex Ltd, at its meeting on February 6, 2026, approved the unaudited standalone financial results for Q3 FY26 (quarter ended Dec 31, 2025) and 9M FY26 (nine months ended Dec 31, 2025). For Q3, the company reported revenue from operations of Rs. 352 lakhs and a loss after tax of Rs. 222 lakhs (EPS of Rs. -0.54). For 9M FY26, revenue stood at Rs. 1,053 lakhs versus Rs. 1,110 lakhs in the prior-year period, with a loss after tax of Rs. 359 lakhs (EPS of Rs. -1.28), compared to a Rs. 633 lakh loss a year ago. The statutory auditor Doogar & Associates flagged a 'Material Uncertainty Related to Going Concern,' noting accumulated losses and current liabilities substantially exceeding current assets, and disclosed that the company has completed a Pre-Packaged Insolvency Resolution Process under an NCLT-approved plan. The company also raised Rs. 10.77 crore via a preferential allotment of 81.25 lakh equity shares at Rs. 13.25 each, of which Rs. 6.34 crore has been utilised (Rs. 4.43 crore pending deployment). An exceptional item of Rs. 98.67 lakhs was recorded as compensation paid to RIICO for a Texchem project settlement.
Persistent losses, an ongoing going-concern uncertainty from the auditor, and the recent insolvency resolution process indicate continued financial stress, which could keep the stock volatile and risky. Shareholders should closely watch the resolution plan execution, full utilisation of the fresh funds, and any further fundraising, as the company's survival depends on these.