Key Financial Figures - Standalone (₹ lakhs)
Quarterly Performance (Q4 FY26)
- Total Income: ₹37.90
- Total Expenses: ₹117.00
- Profit before tax from continuing operations: ₹(79.10)
- Profit from discontinued operations: ₹245.03
- Net Profit/(Loss): ₹162.66
- Basic EPS: ₹0.38
- Diluted EPS: ₹0.38
Annual Performance (FY26)
- Total Income: ₹37.90
- Total Expenses: ₹117.00
- Profit before tax from continuing operations: ₹(79.10)
- Profit from discontinued operations: ₹245.03
- Net Profit/(Loss): ₹162.66
- Basic EPS: ₹0.38
- Diluted EPS: ₹0.38
Balance Sheet Position (as of March 31, 2026)
- Total Assets: ₹105,370.46
- Total Liabilities: ₹192.60
- Net Worth: ₹105,177.86
- Paid-up equity share capital: ₹1,447.88 (Face value ₹10 per share)
- Other Equity: ₹103,729.98
Key Financial Figures - Consolidated (₹ lakhs)
Annual Performance (FY26)
- Revenue from operations: ₹280.00
- Other income: ₹57,715.00
- Total income: ₹57,995.00
- Total expenses: ₹420.08
- Profit before tax from continuing operations: ₹159.88
- Profit from discontinued operations: ₹245.02
- Net Loss: ₹(354.83)
- Basic EPS: ₹(11.12)
- Diluted EPS: ₹(11.12)
Balance Sheet Position (as of March 31, 2026)
- Total Assets: ₹114,373.54
- Total Liabilities: ₹9,529.91
- Net Worth: ₹104,935.57
Audit Qualifications
The statutory auditors, Mehra Goel & Co., issued a qualified opinion on both standalone and consolidated financial results due to:
- Non-confirmation and non-reconciliation of balances with vendors, inter-corporate deposits, loans, and advances
- Inability to obtain sufficient appropriate audit evidence to verify existence, accuracy, and completeness of these balances
- Effect of any adjustments on financial statements, including EPS and taxation, is not ascertainable
- This is the first time this qualification has appeared
Management's response: Believes no material adjustment is required as balances are considered good and recoverable/payable in ordinary course of business.
Significant Corporate Developments
Acquisitions and Subsidiaries
1. DC&T Global Private Limited: Acquired 100% stake (2,13,641 equity shares) on December 24, 2025, through share swap arrangement. Consideration: 1,36,08,849 equity shares issued at ₹769.16 per share (₹759.16 premium), aggregating ₹1,046.73 crore.
2. BESS Limited: Acquired 99% stake (1,00,000 equity shares) on October 18, 2025. Open offer process completed on February 6, 2026.
3. Metafin Technology Private Limited: DC&T Global subscribed to 12,223 equity shares (55% stake) on March 5, 2026, for ₹149.12 lakhs.
4. DC&T Defence Limited: Incorporated as wholly owned subsidiary on February 7, 2026.
Corporate Actions
- Company name changed from "Synthiko Foils Limited" to "Belding India Limited" effective February 23, 2026
- Share consolidation approved: Face value changed from ₹5 to ₹10 per share (every 2 shares consolidated into 1)
- Post-consolidation and acquisition, paid-up capital increased to 1,44,78,849 shares
Discontinued Operations
- Company discontinued its foil manufacturing business during the year
- Results presented separately as discontinued operations in compliance with Ind AS 105
- FY26 profit from discontinued operations: ₹245.03 lakhs (standalone), ₹245.02 lakhs (consolidated)
Cash Flow Highlights (Standalone)
- Net cash from operating activities: ₹181.50
- Net cash used in investing activities: ₹(259.14)
- Net cash used in financing activities: ₹116.67
- Net decrease in cash equivalents: ₹(59.97)
Purchase Price Allocation (Provisional)
DC&T Global Private Limited
- Net assets: ₹44,975.99 lakhs
- Goodwill: ₹59,697.01 lakhs
- Total purchase price: ₹1,04,673.00 lakhs
Metafin Technology Private Limited
- Net assets: ₹(55.95) lakhs
- Goodwill: ₹205.07 lakhs
- Total purchase price: ₹149.12 lakhs
Comparative Information
- Previous year auditor: Unmodified opinion dated May 29, 2025
- No subsidiaries in previous year, making comparative consolidated figures not directly comparable
- Figures regrouped/rearranged for comparability where necessary
Additional Information
- Contact: +91 9156426003, compliance@belding.in