Shyam Century Ferrous Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Shyam Century Ferrous Limited reported its audited financial results for Q4 and FY2026. The company ceased manufacturing operations at its sole facility in Meghalaya on May 7, 2025, with shareholder approval obtained in February 2026. Revenue from discontinued operations dropped to ₹2,240.21 lakhs from ₹11,314.61 lakhs in the prior year, reflecting the shutdown. The company posted a net loss of ₹916.59 lakhs compared to a loss of ₹930.84 lakhs in FY2025. Other income from investments was ₹837.58 lakhs, up from ₹792.95 lakhs. The company now relies on interest income from its investment portfolio (₹10,955.61 lakhs) to meet liabilities. Auditors issued an unmodified opinion with an emphasis of matter noting the going concern assessment, which management confirmed is positive with sufficient liquid assets.
The massive revenue decline and ongoing losses reflect the company's complete shutdown of its manufacturing business. Shareholders face uncertainty as the company transitions from a ferro silicon manufacturer to an investment/interest income entity. The stock may remain volatile until a new business opportunity is identified.