We are hereby submitting the Audited Financial Results pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 to approve inter alia: 1. Independent Auditor's Report on Audited Financial ....
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Sidh Automobiles Limited reported a net loss of Rs. 214.91 lakhs for FY2026, significantly declining from a profit of Rs. 275.93 lakhs in FY2025. Revenue from operations dropped sharply to Rs. 29.16 lakhs from Rs. 342.20 lakhs in the previous year. Other income of Rs. 206.39 lakhs helped partially offset losses. The company's cash position deteriorated drastically with cash and cash equivalents falling from Rs. 223.53 lakhs to just Rs. 0.22 lakhs. Total equity reduced marginally from Rs. 578.34 lakhs to Rs. 556.84 lakhs. The statutory auditor B.M. Gattani & Co. issued an unmodified (clean) opinion on the financial statements. The company operates a single reportable segment.
The sharp revenue decline and substantial net loss indicate significant operational challenges. The severe depletion of cash reserves raises concerns about the company's liquidity and ability to meet short-term obligations. Shareholders should monitor the company's turnaround efforts closely.