Further to our letter dated 11th May, 2026, and as per recommendation made by the Audit Committee, the Board of Directors of the Company at their duly convened meeting held today i.e., ....
SHYAMCENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shyam Century Ferrous Limited reported its audited financial results for FY26. The company received an unmodified (clean) audit opinion, though the auditor included an Emphasis of Matter noting the discontinuation of its sole ferro silicon manufacturing business effective 7th May 2025. Revenue from operations collapsed to Rs 2,240.21 lakhs from Rs 11,314.61 lakhs in FY25 due to the shutdown of manufacturing operations. The company posted a net loss of Rs 916.59 lakhs for the year, compared to a loss of Rs 930.84 lakhs in the previous year. Despite consecutive losses, management confirmed the company continues as a going concern, relying on interest income from its substantial investment portfolio of Rs 10,955.61 lakhs in non-current investments.
Shareholders face continued losses with no operating revenue. The stock is essentially becoming an investment company with no core business until new opportunities are identified. However, the clean audit opinion and significant investment portfolio provide some stability.