ENCLOSED HEREWITH BM OUTCOME DATED 30.05.2026 FOR APPOINTMENMT OF INTERNAL AUDITOR FOR FINANCIAL YEAR 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suncity Synthetics reported audited FY2026 results with net profit of Rs 3.85 lakhs, recovering from a net loss of Rs 56.44 lakhs in FY2025. Revenue declined to Rs 82.73 lakhs from Rs 119.08 lakhs (approximately 31% decline). The company noted no production activities during the year. EPS stood at Rs 0.08 (positive vs negative in prior year). Total assets shrank significantly to Rs 85.45 lakhs from Rs 209.01 lakhs. Other equity remains deeply negative at Rs 639.04 lakhs. Statutory auditor S. Gandhi & Associates issued an unmodified opinion. Mrs. Aakansha Vaid was appointed as Internal Auditor for FY 2026-27.
The company returned to profitability but faces significant challenges including revenue decline, negative operating cash flow of Rs 80.39 lakhs, shrinking asset base, and mounting negative equity. Shareholders should monitor liquidity and operational sustainability closely despite the audit giving an unmodified opinion.