In compliance with Regulation 33 of SEBI (LODR) Regulation, 2015, we herewith submitting the Audited Financial Results of the quarter and financial year ended 31st March 2026 which have ....
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Suryo Foods & Industries Ltd has submitted its audited financial results for the quarter and financial year ended March 31, 2026. The company received an unqualified (clean) audit opinion from its statutory auditor, Sanjit Mohanty & Co. A critical finding highlighted by the auditor is that there was no revenue from operations during the reported financial year. The company undertook a Rights Issue of 29,70,000 equity shares at Rs. 20 per share (including Rs. 10 premium), raising approximately Rs. 5.94 crore to support operations. The balance sheet shows other equity of Rs. 4.81 lakh and total assets of Rs. 6.66 lakh. The company posted a loss before tax of Rs. 27 thousand and negative operating cash flows of Rs. 22,280 thousand during the year.
The company has no operating revenue which raises serious concerns about its business viability. However, the Rs. 5.94 crore rights issue provides some liquidity buffer. The clean audit opinion provides assurance on financial statement accuracy despite the challenging operational performance.