Outcome of Board Meeting for approval of Unaudited Standalone Financial Results of the Company for the Quarter and Half Year ended on 30th September, 2025
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Awaiting price reaction for this filing.
Shree Rajasthan Syntex Ltd reported revenue from operations of Rs 360 lakhs for Q2 FY26 (up from Rs 320 lakhs in Q2 FY25) and Rs 701 lakhs for H1 FY26 (up from Rs 595 lakhs in H1 FY25, roughly 18% growth). However, losses widened sharply — the company posted a loss of Rs 278 lakhs in Q2 (vs Rs 120 lakhs loss a year ago) and Rs 411 lakhs for H1 FY26 (vs Rs 347 lakhs loss). An exceptional gain of Rs 151 lakhs was booked relating to the final payment to lenders under its NCLT-approved Resolution Plan, under which the company completed a Pre-Packaged Insolvency Resolution Process (PPIRP). Total equity has turned negative at Rs (482) lakhs, and operating cash outflow was Rs 274 lakhs for the half year. The statutory auditor flagged a material uncertainty on going concern, citing accumulated losses and current liabilities (Rs 1,504 lakhs) substantially exceeding current assets (Rs 423 lakhs).
Despite top-line growth, the company remains financially distressed — negative shareholder equity, widening losses, and an explicit going concern warning from auditors are serious red flags. The stock is likely to remain under pressure until the resolution plan fully stabilises operations and profitability.