Shyam Telecom Limited held a board meeting on August 11, 2026, through virtual video conferencing, which commenced at 01:00 PM and concluded at 02:00 PM (IST). The board considered and approved several matters, primarily focusing on the company's financial results and governance appointments.

Financial Results for Quarter Ended June 30, 2026

The board approved the unaudited financial results for the quarter ended June 30, 2026. The financial results were reviewed by the auditor, Padam Dinesh & Co, who issued a limited review report.

Key Financial Figures (in ₹ lakhs):

  • Total Revenue: 39.73 (compared to 3.57 in Q1 FY26 and 12.68 in Q4 FY26)
  • Other Income: 39.73 (compared to 3.57 in Q1 FY26)
  • Employee Benefits Expenses: 34.40 (compared to 32.52 in Q1 FY26)
  • Depreciation and Amortization: 2.80 (compared to 3.35 in Q1 FY26)
  • Other Expenses: 7.67 (compared to 33.47 in Q1 FY26)
  • Loss Before Exceptional Items: (5.19) (compared to (65.77) in Q1 FY26)
  • Exceptional Items: 247.45 (compared to 328.95 in Q1 FY26)
  • Loss After Exceptional Items: (252.59) (compared to (394.72) in Q1 FY26)
  • Tax Expenses: (53.24) (including taxes for earlier years of (53.14) and deferred tax of (0.10))
  • Net Loss for the Period: (199.35)
  • Total Comprehensive Income: (199.43)
  • Paid-up Equity Share Capital: 112.70 (face value ₹10 per share)
  • Basic and Diluted Earnings Per Share: (17.70) (compared to (35.00) in Q1 FY26)

Auditor's Emphasis of Matter:

The auditor highlighted that the company's net worth has been fully eroded, it incurred net cash losses during the quarter, and current liabilities substantially exceed current assets. These conditions indicate material uncertainty regarding the company's ability to continue as a going concern. However, the financial results have been prepared on a going concern basis as the company continues operations.

The auditor also noted there are certain long-outstanding receivables for which necessary approvals from statutory authorities are pending, though full provisions have been made. There are also certain long-outstanding payables in the process of being settled.

Board Appointments and Re-appointments

Re-appointment of Mr. Ajay Khanna as Managing Director:

  • Based on the recommendation of the Nomination & Remuneration Committee
  • Re-appointed for a period of five years effective from August 11, 2026, to August 10, 2031
  • Subject to approval of members in the ensuing Annual General Meeting
  • Terms and conditions to be mutually agreed between the board and Mr. Khanna
  • Confirmed that Mr. Khanna is not debarred from holding director office by SEBI or any other authority
  • Mr. Khanna is a founder promoter of the Shyam Telecom Group with extensive experience in commercial operations, financial management, and business development

Re-appointment of Mrs. Chhavi Prabhakar as Non-Executive Independent Director:

  • Based on the recommendation of the Nomination & Remuneration Committee
  • Re-appointed for a second term of five years effective from the conclusion of the ensuing AGM until the conclusion of the AGM in 2031
  • Subject to approval of members in the ensuing Annual General Meeting
  • Not liable to retire by rotation
  • Terms and conditions to be mutually agreed between the board and Mrs. Prabhakar
  • Confirmed that Mrs. Prabhakar is not debarred from holding director office by SEBI or any other authority
  • Mrs. Prabhakar is a senior financial services professional with over 20 years of experience and founder of "Global Indian Solutions"

Other Board Approvals

The board also approved:

  • The draft Director's Report, Corporate Governance Report, and Management Discussion & Analysis Report for FY2025-26
  • The draft notice of the 33rd Annual General Meeting to be held through video conferencing
  • Appointment of M/s Soniya Gupta & Associates as scrutinizer for the 33rd AGM
  • Appointment of NSDL for the e-voting process