Shree Rajasthan Syntex Ltd.

Board Meeting Details

The Board of Directors meeting was held on Thursday, 5th August 2026 at the registered office of the company, commencing at 12:30 PM and concluding at 5:00 PM.

Financial Results Approval

The Board considered and approved the Unaudited Standalone Financial Results for the quarter and half year ended 30th September 2026, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

Pursuant to BSE Circular No. LIST/COMP/0112019-20 dated April 02, 2019 and NSE Circular No. NSE/CML/2019111 dated April 02, 2019, the trading window was closed from 1st October 2026 and will remain closed until 48 hours after declaration of financial results.

Financial Performance Highlights

Quarter Ended September 30, 2026 (Unaudited)

  • Revenue from operations: ₹416.19 lakh
  • Other income: ₹36.45 lakh
  • Total income: ₹452.64 lakh
  • Total expenses: ₹500.79 lakh
  • Loss before exceptional items and tax: ₹(48.16) lakh
  • Exceptional items gain: ₹(0.06) lakh
  • Loss before tax: ₹(48.21) lakh
  • Total tax expense: ₹0.00 lakh
  • Net loss for the quarter: ₹(48.21) lakh
  • Other comprehensive income: ₹(7.92) lakh
  • Total comprehensive income: ₹(56.13) lakh
  • Basic and diluted EPS: ₹(0.12) per share

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from operations: ₹792.33 lakh
  • Other income: ₹67.80 lakh
  • Total income: ₹860.13 lakh
  • Total expenses: ₹978.19 lakh
  • Loss before exceptional items and tax: ₹(118.06) lakh
  • Exceptional items gain: ₹(0.06) lakh
  • Loss before tax: ₹(118.12) lakh
  • Total tax expense: ₹0.00 lakh
  • Net loss for the period: ₹(118.12) lakh
  • Other comprehensive income: ₹(15.84) lakh
  • Total comprehensive income: ₹(133.96) lakh
  • Basic and diluted EPS: ₹(0.29) per share

Comparative Figures

Quarter Ended September 30, 2025: Net loss ₹(278.00) lakh, EPS ₹(0.99)

Half Year Ended September 30, 2025: Net loss ₹(411.00) lakh, EPS ₹(1.46)

Year Ended March 31, 2026 (Audited): Net loss ₹(807.64) lakh, EPS ₹(2.50)

Capital Structure

  • Paid-up equity share capital: ₹4,073.73 lakh (face value ₹10 per share)
  • Reserves (excluding revaluation reserve): ₹(3,313.35) lakh as at March 31, 2026

Balance Sheet Position (as at September 30, 2026, Unaudited)

Assets

  • Non-current assets: ₹1,925.67 lakh
  • Property, plant and equipment: ₹1,503.56 lakh
  • Right of use assets: ₹55.46 lakh
  • Intangible assets: ₹0.05 lakh
  • Other financial assets: ₹45.22 lakh
  • Deferred tax assets: ₹217.43 lakh
  • Other non-current assets: ₹103.95 lakh
  • Current assets: ₹450.55 lakh
  • Inventories: ₹117.41 lakh
  • Trade receivables: ₹29.46 lakh
  • Cash and cash equivalents: ₹127.19 lakh
  • Other current assets: ₹156.27 lakh
  • Current tax assets: ₹20.22 lakh
  • Assets held for sale: ₹61.43 lakh
  • Total assets: ₹2,437.65 lakh

Liabilities and Equity

  • Equity: ₹626.41 lakh
  • Equity share capital: ₹4,073.73 lakh
  • Other equity: ₹(3,447.32) lakh
  • Non-current liabilities: ₹787.76 lakh
  • Financial liabilities: ₹531.93 lakh
  • Lease liability: ₹34.03 lakh
  • Other financial liabilities: ₹96.77 lakh
  • Provisions: ₹125.03 lakh
  • Current liabilities: ₹1,023.48 lakh
  • Trade payables: ₹537.94 lakh (₹18.30 lakh to micro/small enterprises, ₹519.64 lakh to others)
  • Lease liability: ₹23.53 lakh
  • Other financial liabilities: ₹276.20 lakh
  • Provisions: ₹15.66 lakh
  • Other current liabilities: ₹170.15 lakh
  • Total liabilities: ₹1,811.24 lakh
  • Total equity and liabilities: ₹2,437.65 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash from operating activities: ₹(54.36) lakh outflow
  • Net cash from investing activities: ₹(23.65) lakh outflow
  • Net cash from financing activities: ₹34.55 lakh inflow
  • Net change in cash and cash equivalents: ₹(43.46) lakh decrease
  • Opening cash balance: ₹170.66 lakh
  • Closing cash balance: ₹127.19 lakh

Material Uncertainty Regarding Going Concern

The independent auditor's review report highlights a material uncertainty related to going concern. The company has continuously incurred losses for several years, with net loss of ₹56.13 lakh for Q2 FY27 and ₹133.96 lakh for H1 FY27. Current liabilities exceed current assets as at September 30, 2026. These conditions indicate material uncertainties that may cast significant doubt about the company's ability to continue as a going concern. However, management believes the going concern basis is appropriate based on future business projections and mitigating factors dependent on operational performance improvement.

Fund Utilization from Preferential Issue

The company raised ₹1076.56 lakh through preferential allotment of 81,25,000 equity shares at ₹13.25 per share on November 28, 2025. Utilization as at September 30, 2026:

  • Repayment of financial creditors: ₹255.00 lakh (fully utilized)
  • Payment of workmen/employees dues: ₹65.00 lakh (fully utilized)
  • Working capital requirements: ₹456.56 lakh (fully utilized)
  • Capital expenditure: ₹300.00 lakh (fully utilized)
  • Total utilization: ₹1076.56 lakh (100% utilized)