SBEC SYSTEMS (INDIA) LTD.

Operates two main lines — technical services/consultancy and solar power generation — plus a small stream of income from investments in associates. In the quarter ended 31 March 2026, the technical services/consultancy segment generated Rs 0.76 crore of revenue and the solar power generation segment generated Rs 0.29 crore. The company commissioned a 265 KWp solar power project on the premises of G S Pharmbutor Private Limited in Modinagar, Uttar Pradesh on 31 March 2026, and had earlier secured a Rs 2.80 crore term loan from SVC Co-operative Bank Ltd to set up further solar capacity, with security taken on the solar modules, inverters and mounting structures. Other operating expenses made up 39.1% of revenue and employee cost 8.2%, while capex was 82.5% of revenue, reflecting the ongoing solar build-out rather than steady-state operations. The company also completed a SEBI-directed open offer for associate SBEC Sugar Limited in January 2026. The standalone balance sheet shows deeply negative other equity of Rs -646.73 lakh against share capital of Rs 1,000 lakh, indicating accumulated past losses.