Outcome of Board Meeting held on May 11, 2026, under Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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Syrma SGS Technology's Board approved standalone and consolidated audited results for the quarter and year ended March 31, 2026. Statutory auditors Walker Chandiok & Co LLP issued an unmodified opinion. Standalone revenue from operations grew ~21% to Rs. 43,672 million from a restated Rs. 36,158 million in the prior year. However, standalone PAT declined significantly to Rs. 786 million from Rs. 1,687 million (restated), partly reflecting the restatement impact of the Scheme of Amalgamation of SGS Infosystems and SGS Tekniks Manufacturing with effect from April 1, 2023 (approved by NCLT on October 7, 2025). The Board recommended a final dividend of Rs. 1.50 per equity share (15%) subject to shareholder approval at the ensuing AGM. During the year, the company raised Rs. 10,000 million via QIP and acquired a 60% stake in Elcome Integrated Systems for Rs. 2,135 million.
Revenue growth of ~21% signals strong business momentum in electronics manufacturing services. The sharp PAT decline warrants attention — shareholders should examine the restatement impact and exceptional items (Rs. 32.47 million labour code charge) when comparing year-on-year performance.