Submission of change in management due to change in Statutory Auditor of the Company.
SGIL · price
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Synergy Green Industries reported FY2026 results with revenue from operations of Rs. 36,641.94 lakhs, a marginal 1.1% increase from Rs. 36,226.90 lakhs in FY2025. However, profit after tax declined sharply by 72% to Rs. 465.83 lakhs from Rs. 1,688.82 lakhs previously. The company posted a Q4 PAT of just Rs. 40.92 lakhs versus Rs. 383.51 lakhs in Q4 FY25. Finance costs rose 32% to Rs. 2,078.61 lakhs, while depreciation increased 56% to Rs. 2,032.87 lakhs. Long-term borrowings nearly tripled to Rs. 14,800.18 lakhs from Rs. 5,534.59 lakhs. The board did not recommend any equity dividend for FY2025-26 (nil vs Re. 1/- per share previously). New statutory auditor M/s P. G. Bhagwat LLP was appointed for 5 years. Cash position deteriorated to Rs. 33.14 lakhs from Rs. 186.08 lakhs.
The company experienced a significant profit decline with PAT falling 72% despite marginal revenue growth. Substantially higher debt levels and increased finance costs indicate financial stress. No equity dividend and a new auditor appointment may concern investors.