Outcome of Board Meeting for Approval of Audited Standalon Financial Results for the Half Year and Financial Year ended March 31 2026 and appointment of Cost Auditor and Internal Auditor
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Siyaram Recycling Industries reported a significant decline in FY26 with revenue falling 29% to ₹36,169 lakhs from ₹51,156 lakhs in FY25. PAT dropped sharply by 74% to ₹379 lakhs from ₹1,457 lakhs. The company reported negative operating cash flow of ₹2,829 lakhs. Borrowings increased substantially - short-term borrowings rose 43% to ₹9,868 lakhs and long-term borrowings more than doubled to ₹1,555 lakhs. The statutory auditor issued an unmodified (clean) opinion. The company also appointed Prafulla and Associates as Internal Auditor and Ankit Kushal & Associates as Cost Auditor for FY27.
The sharp revenue and profit decline combined with negative operating cashflow and rising debt levels present significant concerns for investors despite the clean audit opinion. The company's financial performance deteriorated substantially year-on-year.