Span Divergent Limited - Audited Standalone and Consolidated Results for March 31, 2026
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Span Divergent Limited reported mixed results for FY26. On a standalone basis, revenue declined 9% to Rs. 146.64 Lakhs with PAT of Rs. 72.64 Lakhs (down 13.5%). However, consolidated revenue surged 82% to Rs. 1,851.08 Lakhs driven by cashew processing and trading segments, though the company posted a consolidated loss after tax of Rs. 294.72 Lakhs (vs loss of Rs. 127.37 Lakhs in FY25). Multiple subsidiaries face going concern issues: Aranya Consulting LLP has accumulated losses of Rs. 1,512 Lakhs, Biospan Contamination Control Solutions Pvt Ltd has liabilities exceeding assets by Rs. 710 Lakhs. The company raised Rs. 567.65 Lakhs via preferential equity shares. Auditors issued unmodified opinions for both standalone and consolidated financials.
The consolidated loss widening despite revenue growth signals operational challenges in the cashew processing business. Subsidiaries with going concern issues pose significant risk to future consolidated performance. The Rs. 567.65 Lakhs equity raise provides some liquidity buffer.