Company availed unsecured loans but has not provided for interest
Company granted loans and advances but has not recognized interest income
Outstanding balances for trade receivables, trade payables, loans and advances are subject to confirmations and reconciliations
Consolidated Financial Results
Auditor: FHMSV & Co. (FRN: 0128276W)
Opinion: Qualified opinion issued
Basis for Qualified Opinion:
Subsidiary (Maxrotth Foods Limited) has loans and advances of ₹776.13 lakhs, including ₹245.66 lakhs from relatives without repayment schedules or interest charges
Subsidiary paid managerial remuneration of ₹23.25 lakhs exceeding limits under Section 197 of Companies Act, 2013 without required approvals
Component Auditor: O R Maloo & Co. audited Maxrotth Foods Limited subsidiary
Segment Reporting - Standalone
Revenue by Segment (FY26)
Trading of Commodities including FMCG: ₹9,417.56
Solar: ₹844.52
Construction Chemicals: ₹553.45
Other Unallocable Segment: ₹46.60
Segment Assets (as of March 31, 2026)
Trading of Commodities including FMCG: ₹9,199.04
Supply of Technical Services for Software Systems: ₹35.24
Solar: ₹231.70
Construction Chemicals: ₹797.94
Total Assets: ₹12,557.02
Significant Balance Sheet Items - Standalone (as of March 31, 2026)
Assets
Property, plant and equipment: ₹11.63
Investments: ₹355.86
Inventory: ₹658.08
Trade receivables: ₹4,383.21
Cash and cash equivalents: ₹33.34
Loans: ₹5,696.51
Other financial assets: ₹1,302.00
Liabilities
Borrowings: ₹186.30
Trade payables: ₹107.21
Other current liability: ₹13.89
Cash Flow Statement - Standalone (FY26)
Net cash from operating activities: ₹(6,629.45)
Net cash from investing activities: ₹2,423.17
Net cash from financing activities: ₹4,221.66
Net increase in cash: ₹15.37
Board Meeting Details
Date: June 1, 2026
Time: 5:30 PM to 8:00 PM
Location: Registered office at 517, Skye Corporate Park, A.B. Road, Indore-452010
Businesses transacted: Approval of audited standalone and consolidated financial results for quarter and year ended March 31, 2026
Additional Information
Company changed name from Sylph Technologies Limited to Sylph Industries Limited
Managing Director: Hasmukh Nanalal Shah (DIN: 00398666)