Document Context

Seya Industries Ltd (Scrip Code: 524324, Symbol: SEYAIND) submitted its un-audited standalone financial results for the quarter and half year ended September 30, 2026 to the National Stock Exchange of India Limited. The submission was made pursuant to Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The financial statements were approved by the Interim Resolution Professional (IRP) based on the recommendation of the independent committee constituted by the IRP. The meeting for approval was held on November 14, 2026, starting at 17:30 hours and ending at 17:50 hours.

Corporate Status

The company is under Corporate Insolvency Resolution Process (CIRP) initiated by the Hon'ble National Company Law Tribunal, Mumbai through an order dated November 2, 2023, in a Section 7 application filed by a Financial Creditor. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act 2013.

Financial Performance - Quarter Ended September 30, 2026

Income Statement

Total Income: ₹465.00 lakh (solely from Other Income)

  • Revenue from Operations (Net): ₹0.00
  • Other Income: ₹465.00 lakh

Expenses: ₹521.75 lakh

  • Employee Benefit Expense: ₹40.03 lakh
  • Depreciation and Amortisation Expense: ₹444.91 lakh
  • Finance Cost: ₹0.00
  • Other Expenses: ₹36.81 lakh

Loss before Tax: ₹(56.75) lakh

Tax Expense: ₹(54.97) lakh

Net Loss after Tax: ₹(1.77) lakh

Earnings Per Share (Basic & Diluted): ₹(0.01)

Financial Performance - Half Year Ended September 30, 2026

Income Statement

Total Income: ₹848.72 lakh (solely from Other Income)

  • Revenue from Operations (Net): ₹0.00
  • Other Income: ₹848.72 lakh

Expenses: ₹1,031.11 lakh

  • Employee Benefit Expense: ₹79.42 lakh
  • Depreciation and Amortisation Expense: ₹884.98 lakh
  • Finance Cost: ₹0.01 lakh
  • Other Expenses: ₹66.70 lakh

Loss before Tax: ₹(182.38) lakh

Tax Expense: ₹(109.12) lakh

Net Loss after Tax: ₹(73.27) lakh

Earnings Per Share (Basic & Diluted): ₹(0.28)

Comparative Financials

Quarter Comparison (Q2 FY27 vs Q2 FY26):

  • Other Income: ₹465.00 lakh vs ₹381.00 lakh
  • Net Loss: ₹(1.77) lakh vs ₹(92.68) lakh

Half Year Comparison (H1 FY27 vs H1 FY26):

  • Other Income: ₹848.72 lakh vs ₹903.00 lakh
  • Net Loss: ₹(73.27) lakh vs ₹(154.91) lakh

Year Ended March 31, 2026 (Audited):

  • Total Income: ₹1,664.75 lakh
  • Net Loss: ₹(287.41) lakh
  • EPS: ₹(1.08)

Balance Sheet Position as at September 30, 2026

Total Assets: ₹160,509.84 lakh

Non-Current Assets: ₹158,310.07 lakh

  • Property, Plant and Equipment: ₹62,449.37 lakh
  • Capital Work in Progress: ₹79,620.58 lakh
  • Financial Assets (Loans & Advances): ₹73.11 lakh
  • Non Current Tax Assets: ₹2,561.38 lakh
  • Other Non Current Assets: ₹13,605.62 lakh

Current Assets: ₹2,199.77 lakh

  • Inventories: ₹748.67 lakh
  • Trade Receivables: ₹30.31 lakh
  • Cash and Cash Equivalents: ₹82.13 lakh
  • Bank Balance other than Cash and Cash Equivalents: ₹59.86 lakh
  • Other Financial Assets: ₹11.82 lakh
  • Other Current Assets: ₹1,266.99 lakh

Equity and Liabilities:

Total Equity: ₹81,770.37 lakh

  • Equity Share Capital: ₹2,657.05 lakh (unchanged from previous periods)
  • Other Equity: ₹79,113.31 lakh

Non-Current Liabilities: ₹69,601.52 lakh

  • Borrowings: ₹69,601.52 lakh

Current Liabilities: ₹9,137.96 lakh

  • Borrowings: ₹7,696.65 lakh
  • Trade Payables: ₹11.95 lakh
  • Other Financial Liabilities: ₹1,309.28 lakh
  • Other Current Liabilities: ₹78.28 lakh
  • Provisions: ₹41.80 lakh

Cash Flow Statement - Half Year Ended September 30, 2026

Cash Flow from Operating Activities: ₹(848.05) lakh

  • Cash Generated/(Used) in Operations: ₹(811.05) lakh

Cash Flow from Investing Activities: ₹848.72 lakh

  • Other Non-Operating Income: ₹848.72 lakh

Cash Flow from Financing Activities: ₹(0.67) lakh

  • Decrease in Long-term Borrowings: ₹(0.66) lakh
  • Finance Cost: ₹(0.01) lakh

Net Change in Cash and Cash Equivalents: ₹0.00 lakh

Cash and Cash Equivalents at End of Period: ₹82.13 lakh (unchanged from beginning)

Additional Information

Segment Information: The company has only one reportable segment namely 'Speciality Chemical Intermediates'.

Paid-up Equity Share Capital: Remained constant at ₹2,657.05 lakh across all periods presented.

Auditor Status: The financial results have not been audited by the statutory auditors but were reviewed by the independent committee constituted by the IRP.