Executive Summary
The overnight filing cycle (May 30-31, 2026) reveals a deeply polarized earnings season for Indian corporates. While a handful of companies like Shri Venkatesh Refineries (revenue +96.3% YoY) and Sharpline Broadcast (+59% YoY) posted stellar growth, a significant cluster of micro-cap and small-cap firms reported severe financial distress.
The most alarming theme is the surge in qualified audit opinions and going-concern warnings, with at least 8 companies receiving modified opinions, including Harish Textile Engineers, Frontline Corporation, and Sudal Industries. Period-over-period comparisons show a worrying trend of revenue growth failing to translate into profitability, with multiple firms like Amco India (revenue +11.8%, profit -82.3%) and Billwin Industries (revenue +14.9%, profit -31.2%) experiencing severe margin compression. Capital allocation is mixed, with B.R. Goyal Infrastructure launching a ₹13.09 Cr preferential warrant issue and MSP Steel approving a ₹500 Cr capex, while others like SVP Global Textiles remain in deep distress with zero operating revenue. Insider activity is notably absent from filings, but management actions—such as board deferrals and delayed results—signal underlying stress. The most critical development is the SEBI penalty of ₹15.95 Cr on Suzlon Energy for historical financial misstatements, which could trigger a broader market re-rating of governance risk. Overall, the market opens to a landscape of selective strength in niche sectors (renewable energy, specialty chemicals) and widespread weakness in micro-cap industrials and textiles.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · Corporate action · M&A
Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from May 30, 2026.
Investment Signals (12)
- Shri Venkatesh Refineries ↓ (BULLISH)▲
Revenue surged 96.3% YoY to ₹137,872.35 Lakh, net profit jumped 111.3% to ₹3,820.25 Lakh, and a ₹1/share dividend recommended. Debt-equity ratio increased to 2.66, but strong top-line growth signals robust demand in the refining sector
- MSP Steel & Power ↓ (BULLISH)▲
Q4 FY26 net profit of ₹8,530.53 Lakh vs a loss of ₹3,419.77 Lakh in Q4 FY25, a remarkable turnaround. Board approved ₹500 Cr capex to expand Raigarh facilities by 2,04,000 MT sponge iron and 2,17,800 MT billet, signaling strong demand visibility
- Sharpline Broadcast ↓ (MIXED)▲
Annual revenue grew 59% to ₹6,885.57 Lakh and net profit jumped 26% to ₹755.55 Lakh. However, Q4 FY26 saw a sharp sequential decline (revenue -38% QoQ, profit -56% QoQ), suggesting a lumpy revenue model
- Onelife Capital Advisors ↓ (BULLISH)▲
Strong turnaround with Q4 FY26 net profit of ₹197.61 Lakh vs loss of ₹61.52 Lakh in Q4 FY25. Cash reserves surged from ₹8.63 Lakh to ₹1,377.45 Lakh. New CEO appointed effective June 1, 2026, and ESOP plan approved for 18.68 Lakh shares
- B.R. Goyal Infrastructure ↓ (BULLISH)▲
Board approved preferential issue of 11,00,000 convertible warrants at ₹119 each to raise ₹13.09 Cr, signaling capital infusion. Also recommended ₹0.25/share dividend and approved 10% stake acquisition in Virtuoso Infra Meditech LLP
- Blue Cloud Softech Solutions ↓ (MIXED)▲
Consolidated revenue grew 25.7% YoY to ₹1,00,190.09 Lakh and net profit rose 36.6% to ₹6,049.51 Lakh. However, standalone Q4 net profit plunged 53% sequentially and 52.9% YoY, with goodwill ballooning to ₹55,208.58 Lakh from acquisitions
- Parvati Sweetners and Power ↓ (BULLISH)▲
Acquired 51% stake in Vedshree Food Industries for ₹6 Cr to enter Compressed Bio Gas (CBG) sector. This related-party transaction targets the renewable energy theme, with a 6-month closing timeline
- Citichem India ↓ (BULLISH)▲
H2 FY26 saw a strong turnaround with PAT of ₹68.00 Lakh vs a loss of ₹32.14 Lakh in H1 FY26, despite full-year revenue declining 49% YoY. This H2 recovery suggests operational restructuring is gaining traction
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Revenue grew 4.6% YoY to ₹66,695.85 Lakh, but net profit was flat. Domestic revenue grew 16.9% to ₹41,153.27 Lakh, while exports declined 10.7%. Exceptional items of ₹1,350.34 Lakh (gold loss, debenture derecognition) weighed on profitability
- Signet Industries ↓ (MIXED)▲
Total income grew 13.7% YoY to ₹134,902.98 Lacs, but net profit grew only 3.3% due to a ₹499.37 Lacs exceptional loss from a fire incident. Dividend of ₹0.5/share recommended
- Affordable Robotic & Automation ↓ (BEARISH)▲
Full-year net profit rose 16.2% to ₹695.90 Lakh, but Q4 FY26 net profit fell 36.2% YoY. Gross sales declined 32.1% for the full year, indicating top-line weakness despite profit growth
- Balu Forge Industries ↓ (BEARISH)▲
Full-year net profit grew 14.1% to ₹15,320.36 Lakh on 10.5% revenue growth. However, export trade receivables of ₹33,907.66 Lakh remain outstanding due to geopolitical conditions, with cheques of ₹2,440.76 Lakh not realized, posing significant collection risk
Risk Flags (10)
- Harish Textile Engineers/Going Concern↓ [HIGH RISK]▼
Qualified audit opinion with material uncertainty over going concern. Defaults on debenture redemption of ₹211.51 Lakhs, negative net working capital of ₹1,649.25 Lakhs, and enforcement proceedings initiated by Axis Trustee Services
- Sudal Industries/Insolvency Risk↓ [HIGH RISK]▼
Qualified audit opinion due to NCLAT order setting aside the prepackaged insolvency resolution plan. Supreme Court appeal pending. Depreciation expense jumped 183% to ₹582.27 Lakh, and company swung to a net loss of ₹80.59 Lakh from a profit of ₹569.78 Lakh in FY25
- Frontline Corporation/Audit Qualifications↓ [HIGH RISK]▼
Qualified opinion citing non-provision of ₹671.98 Lakh interest on NPA accounts, overstating profit. Assets under SARFAESI proceedings without impairment assessment. Corporate guarantees to Fairdeal Supplies (under CIRP) pose contingent liability risk
- Raconteur Global Resources/Massive Loss↓ [HIGH RISK]▼
Swung from a profit of ₹16.42 Lakh to a consolidated loss of ₹2,133.96 Lakh. Loss on sale of fixed assets of ₹1,324.15 Lakh and finance costs spiking from ₹0.25 Lakh to ₹290.97 Lakh signal severe financial distress
- Suzlon Energy/Regulatory Penalty↓ [HIGH RISK]▼
SEBI imposed ₹15.95 Cr penalty for misstatements in financial statements from FY 2013-14 to FY 2017-18. Additional ₹13 Cr penalties on four former executives. Company plans to appeal, but governance risk is elevated
- Spright Agro/Sharp Reversal↓ [HIGH RISK]▼
Net loss of ₹1,249.11 Lakhs for FY26 vs profit of ₹1,958.28 Lakhs in FY25. Revenue declined 36.1% YoY, current liabilities surged 219% to ₹1,911.87 Lakhs, indicating severe financial stress
- SVP Global Textiles/Zero Revenue↓ [HIGH RISK]▼
Revenue from operations was nil for both Q4 and full year FY26. Subsidiaries under CIRP, lenders have recalled borrowings. Finance cost not provided, masking true financial position. Net loss improved to ₹636.94 Lakh from ₹996.33 Lakh but remains deeply distressed
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Qualified audit opinion citing non-compliance with AS-2, AS-9, AS-15, and AS-17. Interest income of ₹48.39 Lakh under legal dispute, prior year receivables of ₹142.86 Lakh unreceived. GST turnover of ₹9.83 Lakh unreconciled
- Bharat Road Network/Going Concern↓ [HIGH RISK]▼
Qualified audit opinion with material uncertainty over going concern. Non-recognition of interest understated loss by ₹884.96 Lakh for Q4 and overstated profit by ₹4,107.69 Lakh for FY26. Current liabilities understated by ₹7,027.26 Lakh. Promoter reclassification deferred
- Amco India/Margin Collapse↓ [HIGH RISK]▼
Revenue grew 11.8% to ₹11,774.49 Lakhs but net profit collapsed 82.3% to ₹33.10 Lakhs. Aluminium Foil segment profit fell 95.5% to ₹6.91 Lakhs. PVC Film segment remains dormant with ₹282.51 Lakhs capital employed idle
Opportunities (10)
- MSP Steel & Power/Capacity Expansion↓ (OPPORTUNITY)◆
₹500 Cr capex to add 2,04,000 MT sponge iron and 2,17,800 MT billet capacity at Raigarh. Current capacity utilization at 74-89% suggests strong demand. Q4 turnaround from loss to ₹8,530.53 Lakh profit signals operational leverage kicking in
- Shri Venkatesh Refineries/High Growth↓ (OPPORTUNITY)◆
Revenue doubled (+96.3% YoY) and net profit more than doubled (+111.3% YoY). Final dividend of ₹1/share recommended. Despite higher leverage (D/E 2.66), the growth trajectory is compelling in the refining space
- Parvati Sweetners and Power/Renewable Energy Entry↓ (OPPORTUNITY)◆
Acquired 51% of Vedshree Food Industries to enter Compressed Bio Gas (CBG) sector. Consideration of ₹6 Cr for a recently incorporated entity suggests early-stage entry. Renewable energy tailwinds could drive significant value
- Onelife Capital Advisors/Turnaround Play↓ (OPPORTUNITY)◆
Q4 FY26 net profit of ₹197.61 Lakh vs loss of ₹61.52 Lakh in Q4 FY25. Cash reserves surged from ₹8.63 Lakh to ₹1,377.45 Lakh. New CEO and ESOP plan signal management confidence. Watch for sustained profitability
- Citichem India/H2 Recovery↓ (OPPORTUNITY)◆
After a loss of ₹32.14 Lakh in H1 FY26, the company posted a profit of ₹68.00 Lakh in H2 FY26. Full-year revenue declined 49% but expenses fell even more sharply (74.5%), suggesting aggressive cost restructuring is working
- B.R. Goyal Infrastructure/Capital Infusion↓ (OPPORTUNITY)◆
Preferential issue of 11,00,000 convertible warrants at ₹119 each to raise ₹13.09 Cr. Combined with borrowing limit increase to ₹700 Cr and a small acquisition in meditech, the company is positioning for growth. EOGM on June 29, 2026
- Sharpline Broadcast/Annual Growth Story↓ (OPPORTUNITY)◆
Despite Q4 sequential weakness, annual revenue grew 59% and net profit 26%. Total assets rose 67.4% to ₹8,883.68 Lakh. Clean audit opinion. The Q4 dip may be seasonal; watch for Q1 FY27 recovery
- Sree Rayalaseema Hi-Strength Hypo/Domestic Shift↓ (OPPORTUNITY)◆
Domestic revenue grew 16.9% to ₹41,153.27 Lakh while exports declined 10.7%. The shift towards domestic markets reduces geopolitical risk. Exceptional items of ₹1,350.34 Lakh are one-time in nature; core business remains stable
- Signet Industries/Fire Incident Recovery↓ (OPPORTUNITY)◆
Exceptional loss of ₹499.37 Lakh from a fire incident depressed FY26 profits. With insurance claims likely, FY27 could see a reversal. Core business revenue grew 13.7% YoY, and dividend of ₹0.5/share signals management confidence
- Blue Cloud Softech Solutions/Consolidated Growth↓ (OPPORTUNITY)◆
Consolidated revenue grew 25.7% and net profit 36.6%, driven by acquisitions. Goodwill of ₹55,208.58 Lakh and intangibles of ₹40,944.20 Lakh indicate an aggressive M&A strategy. If integrations succeed, upside potential is significant
Sector Themes (6)
- Micro-Cap Distress Wave◆
At least 8 companies received qualified audit opinions or going-concern warnings, including Harish Textile Engineers, Sudal Industries, Frontline Corporation, and Bharat Road Network. This cluster of distress signals a systemic issue in micro-cap industrials and textiles, likely driven by working capital stress and weak demand. Investors should scrutinize balance sheet quality across the small-cap universe.
- Revenue Growth vs. Profitability Divergence◆
Multiple companies reported revenue growth but sharp profit declines. Amco India (revenue +11.8%, profit -82.3%), Billwin Industries (revenue +14.9%, profit -31.2%), and Mafia Trends (revenue +91.4%, profit +15.9% but H2 profit -93.5% vs H1) highlight margin compression from rising input costs and competitive pressures. This pattern suggests pricing power is eroding in manufacturing segments.
- Renewable Energy and Infrastructure Capex Cycle◆
MSP Steel's ₹500 Cr capex, Parvati Sweetners' CBG acquisition, and B.R. Goyal's capital raise signal a revival in infrastructure and renewable energy investments. The government's focus on green energy and steel PLI schemes is driving capacity expansion, creating opportunities for ancillary suppliers and EPC contractors.
- Governance and Regulatory Scrutiny Intensifying◆
SEBI's ₹15.95 Cr penalty on Suzlon Energy for historical misstatements, coupled with multiple qualified audit opinions, indicates heightened regulatory scrutiny. Companies with weak internal controls (e.g., Novateor Research, Dhyaani Tradeventtures) face increased compliance costs and potential investor lawsuits.
- Textile and Apparel Sector Weakness◆
SVP Global Textiles (zero revenue), Harish Textile Engineers (going concern), and Bhanderi Infracon (revenue -47.7% YoY) all point to severe distress in the textile sector. Global demand slowdown and high raw material costs are squeezing margins. Avoid the sector until clear demand recovery signals emerge.
- Selective Strength in Specialty Chemicals and Refining◆
Shri Venkatesh Refineries (revenue +96.3%) and Sree Rayalaseema Hi-Strength Hypo (revenue +4.6%, domestic +16.9%) show resilience in the chemicals and refining space. Domestic demand is driving growth, while export-oriented players face headwinds. Focus on companies with strong domestic market exposure.
Watch List (8)
- Girnar Spintex Industries (formerly Amit Spinning)👁
Board meeting adjourned to June 2, 2026 due to non-availability of documents. Trading window remains closed. Watch for the delayed results and potential audit qualifications [June 2, 2026]
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Failed to submit audited results by May 30 deadline. Board meeting scheduled for first week of June 2026. Delay due to auditors needing extra time for reconciliations. Watch for potential regulatory action and stock price impact [First week of June 2026]
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Board noted non-submission of FY26 results due to pending audit. Next meeting on June 4, 2026. Rights issue proceeds of ₹1,916.16 Lakh show ₹55.80 Lakh shortfall in utilization. Watch for audit outcome and fund utilization clarity [June 4, 2026]
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EOGM on June 29, 2026 to approve preferential warrant issue and borrowing limit increase to ₹700 Cr. The ₹13.09 Cr capital raise at ₹119 per warrant will be a key sentiment driver. Watch for subscription levels and promoter participation [June 29, 2026]
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Board meeting rescheduled from May 30 to June 30, 2026. Significant delay raises concerns about financial health. Watch for the results and auditor appointments [June 30, 2026]
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SEBI penalty of ₹15.95 Cr to be appealed at SAT. Watch for SAT hearing date and any adverse ruling. The stock may face selling pressure from governance-conscious investors. Also monitor for any class-action lawsuits from shareholders [Ongoing]
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Export trade receivables of ₹33,907.66 Lakh outstanding due to geopolitical conditions. Cheques of ₹2,440.76 Lakh not realized. Watch for collection updates in Q1 FY27 and any potential write-offs that could impact profitability [Q1 FY27 results]
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Dividend unclaimed for 7 consecutive years (FY 2018-19 to FY 2024-25). Shares to be transferred to IEPF if claims not filed by September 18, 2026. Watch for shareholder response and potential value leakage for non-claimants [September 18, 2026]
Filing Analyses
(50)
30-05-2026
Bhanderi Infracon Limited reported its audited standalone and consolidated financial results for the half-year and year ended March 31, 2026. On a standalone basis, the company posted a net profit of ₹9.55 Lakh for the half-year ended March 2026, a sharp decline from ₹40.82 Lakh in the same period last year, while full-year net profit fell to ₹9.18 Lakh from ₹93.00 Lakh in FY25. On a consolidated basis, the half-year net profit (after minority interest) was a loss of ₹4.61 Lakh, compared to a profit of ₹88.89 Lakh in the prior-year period, and full-year profit dropped to ₹20.43 Lakh from ₹129.45 Lakh. The auditors issued an unmodified opinion on both standalone and consolidated results.
- · Standalone half-year total income from operations fell to ₹55.45 Lakh from ₹105.97 Lakh (down 47.7% YoY).
- · Consolidated half-year total income from operations fell to ₹287.60 Lakh from ₹489.04 Lakh (down 41.2% YoY).
- · Consolidated full-year real estate segment revenue dropped to ₹275.30 Lakh from ₹524.49 Lakh (down 47.5% YoY).
- · Consolidated full-year real estate segment EBITDA declined to ₹68.90 Lakh from ₹214.83 Lakh (down 67.9% YoY).
- · Standalone EPS (basic, before extraordinary items) for FY26 was ₹0.35 vs ₹3.58 in FY25.
- · Consolidated EPS (basic, before extraordinary items) for FY26 was ₹0.79 vs ₹4.99 in FY25.
- · Standalone total assets increased to ₹3,304.02 Lakh from ₹3,070.72 Lakh as of March 2025.
- · Consolidated total assets increased to ₹9,367.19 Lakh from ₹6,689.96 Lakh as of March 2025.
- · Consolidated short-term borrowings rose sharply to ₹4,894.79 Lakh from ₹3,318.22 Lakh.
- · The company has not adopted Ind AS, using exemption available to SME-listed companies.
- · Auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
30-05-2026
Wardwizard Innovations & Mobility Limited's Board approved audited standalone and consolidated financial results for FY ended March 31, 2026, with an unmodified audit opinion. The Board also approved a Rights Issue of equity shares up to ₹100 Crore, with specific terms to be determined later. No deviation or variation in utilization of funds was reported for the quarter.
- · Audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2026 were approved.
- · Statutory auditor VCA & Associates issued an unmodified opinion on the financial results.
- · No deviation or variation in utilization of funds was reported for the quarter ended March 31, 2026.
- · The Rights Issue is subject to regulatory approvals and specific terms (issue price, entitlement ratio, record date) will be determined later.
- · Board meeting started at 07:30 IST and concluded at 08:00 IST on May 30, 2026.
30-05-2026
Balu Forge Industries Limited reported audited standalone financial results for the quarter and year ended March 31, 2026. For the full year, total income increased 10.5% to ₹68,071.61 Lakh from ₹61,591.08 Lakh in FY25, while net profit after tax grew 14.1% to ₹15,320.36 Lakh from ₹13,422.97 Lakh. However, the auditor's report highlights significant risks: export trade receivables of ₹33,907.66 Lakh remain outstanding due to geopolitical conditions, and cheques totaling ₹2,440.76 Lakh from customers were not deposited or realized as of the report date.
- · The auditor's report includes an Emphasis of Matter regarding export trade receivables of ₹33,907.66 Lakh impacted by geopolitical conditions, and cheques of ₹2,440.76 Lakh not deposited/realised as of report date.
- · Export receivables from the wholly owned subsidiary of ₹524.13 Lakh exceed RBI prescribed realization timelines.
- · The company's basic EPS for FY26 is ₹13.3 per share (face value ₹10), up from ₹12.5 in FY25.
- · Total expenses for FY26 increased 11.3% to ₹48,035.26 Lakh from ₹43,159.39 Lakh in FY25.
- · Finance costs rose 49.8% to ₹1,642.83 Lakh in FY26 from ₹1,096.84 Lakh in FY25.
- · Depreciation and amortization expense increased 233.8% to ₹932.30 Lakh in FY26 from ₹279.12 Lakh in FY25.
- · Other income surged 91.0% to ₹3,329.35 Lakh in FY26 from ₹1,743.43 Lakh in FY25.
- · The company has a single reportable operating segment: manufacturing of crankshafts and forged components.
30-05-2026
Shri Krishna Prasadam Ltd reported net revenue from operations of ₹5.08 Lakh for the quarter ended 31st March 2026, compared to nil in the same quarter last year, a significant improvement. However, the company posted a net loss of ₹2.99 Lakh for the quarter, a vast improvement from a loss of ₹1,239.55 Lakh in the prior year quarter, and a net loss of ₹2.72 Lakh for the full fiscal year 2026, versus a loss of ₹1,275.41 Lakh in FY2025. Total assets increased sharply to ₹7.26 Lakh from ₹1.27 Lakh, while equity share capital was reduced from ₹1,010.00 Lakh to ₹201.60 Lakh.
- · Total assets grew from ₹1.27 Lakh (FY2025) to ₹7.26 Lakh (FY2026).
- · Other equity improved from a negative ₹1,017.62 Lakh to a negative ₹246.44 Lakh.
- · Total borrowings increased from ₹6.47 Lakh (FY2025) to ₹46.99 Lakh (FY2026).
- · Cash and cash equivalents rose from ₹0.57 Lakh to ₹3.05 Lakh.
- · Finance cost incurred was ₹0.57 Lakh for FY2026 (nil in FY2025).
- · Earnings per share (basic & diluted) improved from a loss of ₹12.63 (FY2025) to a loss of ₹0.07 (FY2026).
- · The auditor's report is unmodified.
- · The company states it has commenced business activities during the reporting period.
30-05-2026
Nilachal Carbo Metalicks Limited's Board approved standalone and consolidated audited financial results for the half year and FY ended March 31, 2026, with an unmodified audit opinion. The company also adopted a revised policy on materiality of related party transactions and filed a statement of deviation/variation in IPO fund utilisation, showing Rs. 762.13 Lakh of the Rs. 887.18 Lakh allocated for capital expenditure remains unutilized, while Rs. 342.35 Lakh was temporarily deployed for working capital. No deviation or variation in fund utilisation was reported.
- · Board meeting commenced at 05:00 PM and concluded at 08:50 PM on May 30, 2026.
- · Statutory auditor M/s. PAMS & ASSOCIATES issued an unmodified opinion on both standalone and consolidated financial results.
- · The company filed a declaration under Regulation 33(3)(d) confirming unmodified audit opinion.
- · A statement of deviation/variation in IPO fund utilisation was filed under Regulation 32, showing no deviation or variation.
- · Of the Rs. 887.18 Lakh allocated for capital expenditure, Rs. 762.13 Lakh was utilised, leaving Rs. 125.05 Lakh unutilized (difference from Rs. 762.13 Lakh to Rs. 887.18 Lakh).
- · Rs. 342.35 Lakh was temporarily deployed for working capital purposes, which was not originally allocated.
- · Rs. 419.78 Lakh remains unutilized in the designated escrow account.
30-05-2026
Girnar Spintex Industries Limited (formerly Amit Spinning Industries Limited) adjourned its Board Meeting scheduled for May 30, 2026, due to non-availability of requisite information and documents needed to finalize the audited financial results for the quarter and financial year ended March 31, 2026. The meeting will reconvene on June 2, 2026, to consider and approve the results. The trading window remains closed until 48 hours after the declaration of the results.
- · The Audit Committee meeting also commenced on May 30, 2026, but could not conclude due to the same reason.
- · The adjourned meeting is scheduled for Tuesday, June 2, 2026.
- · The trading window will remain closed until 48 hours after the declaration of the audited financial results.
30-05-2026
Spright Agro Limited reported a net loss of ₹1,249.11 Lakhs for the year ended March 31, 2026, a sharp reversal from a net profit of ₹1,958.28 Lakhs in the prior year. Revenue from operations declined 36.1% YoY to ₹10,505.55 Lakhs from ₹16,437.73 Lakhs, while total expenses fell 18.4% to ₹11,780.52 Lakhs. The company's total equity decreased to ₹11,672.70 Lakhs from ₹13,034.61 Lakhs, and current liabilities surged to ₹1,911.87 Lakhs from ₹599.37 Lakhs, indicating increased financial leverage.
- · The company reported a net loss of ₹1,020.60 Lakhs for the quarter ended March 31, 2026, compared to a loss of ₹781.76 Lakhs in the same quarter last year.
- · Other income decreased to ₹25.86 Lakhs for FY2026 from ₹30.36 Lakhs in FY2025.
- · Purchases of stock-in-trade fell to ₹11,091.14 Lakhs from ₹14,839.73 Lakhs YoY.
- · Employee benefits expenses decreased to ₹12.74 Lakhs from ₹36.96 Lakhs YoY.
- · Finance cost was nil for FY2026 versus ₹4.69 Lakhs in FY2025.
- · Depreciation remained stable at ₹1.52 Lakhs (FY2026) vs ₹1.49 Lakhs (FY2025).
- · Other expenses declined to ₹45.36 Lakhs from ₹117.16 Lakhs YoY.
- · Basic and diluted loss per share for continuing operations was ₹(0.12) for FY2026, compared to earnings per share of ₹0.18 in FY2025.
- · Trade receivables increased to ₹9,467.84 Lakhs as at March 31, 2026 from ₹8,168.59 Lakhs a year earlier.
- · Inventories decreased to ₹1,304.47 Lakhs from ₹1,934.23 Lakhs.
- · Non-current investments fell to ₹290.48 Lakhs from ₹487.80 Lakhs.
- · Short-term borrowings stood at ₹722.10 Lakhs as at March 31, 2026, compared to nil in the prior year.
- · Trade payables (other than MSME) increased to ₹1,107.61 Lakhs from ₹471.53 Lakhs.
- · Cash flow from operations was negative at ₹(1,376.39) Lakhs for FY2026, compared to negative ₹(4,199.67) Lakhs in FY2025.
- · The auditor's report includes a disclaimer of opinion, indicating significant uncertainty about the financial statements.
30-05-2026
Astal Laboratories Limited (formerly Macro International Limited) announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, as approved by the Board on May 30, 2026. The Board also re-appointed M/s V R P S & Co. as internal auditors for FY 2026-27. The filing does not disclose any specific financial figures, so no performance trends (positive, negative, or flat) can be reported.
- · The Board meeting was held on May 30, 2026, from 5:00 PM to 7:20 PM at the corporate office in Telangana.
- · The company has one direct subsidiary: Sriven Pharmachem India Private Limited (incorporated in India).
- · M/s V R P S & Co. (FRN: 006340S) was re-appointed as internal auditors for FY 2026-27, effective May 30, 2026.
- · The auditor for the financial results is Sathuluri & Co. (FRN: 006383S).
- · The company's registered office is in Noida, Uttar Pradesh, and its corporate office is in Telangana.
- · The company was formerly known as Macro International Limited.
30-05-2026
Amco India Ltd. reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations grew 11.8% YoY to ₹11,774.49 Lakhs for the full year, but net profit declined sharply by 82.3% to ₹33.10 Lakhs from ₹187.45 Lakhs in FY25. The Aluminium Foil segment, the company's sole revenue generator, saw segment profit fall 95.5% to ₹6.91 Lakhs, while the PVC Film/Sheeting segment remained dormant with no revenue.
- · The PVC Film/Sheeting segment reported zero revenue for both FY26 and FY25, with capital employed of ₹282.51 Lakhs remaining idle.
- · Total comprehensive income for FY26 was ₹34.82 Lakhs, down from ₹192.05 Lakhs in FY25.
- · Finance costs decreased 11.2% YoY to ₹105.68 Lakhs in FY26 from ₹119.00 Lakhs.
- · Depreciation and amortisation expense fell 9.1% YoY to ₹109.86 Lakhs.
- · Cost of materials consumed increased 14.3% YoY to ₹10,941.42 Lakhs, outpacing revenue growth.
- · Other income declined 22.0% YoY to ₹149.99 Lakhs.
- · Total assets decreased to ₹4,071.28 Lakhs as of March 31, 2026 from ₹4,064.37 Lakhs a year earlier (slight increase).
- · The Board meeting was held on May 30, 2026 at the corporate office in Noida, Uttar Pradesh.
30-05-2026
DSJ Keep Learning Limited reported audited financial results for Q4 and FY ended March 31, 2026. Revenue from operations declined 54.7% YoY in Q4 to ₹149.94 Lakh, and full-year revenue fell 20.9% to ₹789.00 Lakh. The company posted a net profit of ₹75.98 Lakh in Q4 (vs ₹3.93 Lakh in Q4 FY25) and full-year net profit of ₹96.70 Lakh (vs ₹32.88 Lakh in FY25). However, the company reported a basic loss per share of ₹0.05 for Q4 and ₹0.06 for the full year, compared to a loss of ₹0.17 and earnings of ₹0.03 in the prior periods, respectively. The board also approved the re-appointment of M/s. Amit B Agarwal & Associates as internal auditor for FY 2026-27 and 2027-28.
- · Total income for Q4 FY26 was ₹153.13 Lakh, down from ₹330.14 Lakh in Q4 FY25.
- · Total expenses for Q4 FY26 were ₹265.31 Lakh, down from ₹329.75 Lakh in Q4 FY25.
- · The company reported a loss before tax of ₹112.18 Lakh in Q4 FY26 vs profit of ₹0.38 Lakh in Q4 FY25.
- · Total comprehensive income for FY26 was ₹96.71 Lakh vs ₹36.73 Lakh in FY25.
- · The company has only one operating segment: Education activities.
- · The audit report contains an unmodified opinion.
- · The board meeting commenced at 6:00 PM and concluded at 08:10 PM on May 30, 2026.
30-05-2026
MRC AGROTECH LIMITED has informed the BSE of a delay in submitting its audited financial results for the quarter and year ended March 31, 2026, beyond the statutory deadline of May 30, 2026. The delay is attributed to the statutory auditors requiring additional time for audit procedures and reconciliations. The company expects the audit to be completed and a board meeting to be held in the first week of June 2026 to approve the results.
- · The company failed to meet the statutory deadline of May 30, 2026 for submitting audited financial results.
- · The delay is due to auditors needing extra time for end-of-year reconciliations and audit procedures.
- · The Board of Directors met on May 30, 2026 but only to note the delay; a separate meeting for approving results is scheduled for the first week of June 2026.
- · The meeting on May 30 lasted from 8:30 PM to 9:00 PM.
30-05-2026
Dhyaani Tradeventtures Limited reported audited standalone results for the half year and financial year ended March 31, 2026. Revenue from operations for the full year surged to ₹2,721.73 Lakh from ₹1,228.13 Lakh in FY25, a 121.6% increase, while net profit after tax fell sharply to ₹6.78 Lakh from ₹24.81 Lakh, a decline of 72.7%. The auditor's report includes an unmodified opinion but highlights significant compliance issues, including non-compliance with e-way bill/e-invoice rules, TDS under Section 194Q, and pending income tax dues of approximately ₹45-50 Lakh.
- · The auditor's report includes an Emphasis of Matter noting non-compliance with e-way bill/e-invoice rules, non-compliance with Section 194Q of the Income Tax Act regarding TDS on purchases exceeding ₹50 Lakh from a single party, and pending income tax dues of approximately ₹45-50 Lakh for the last two years.
- · Trade receivables surged to ₹6,297.36 Lakh as at 31.03.2026 from ₹2,223.42 Lakh a year ago, a 183.2% increase.
- · Trade payables also rose sharply to ₹3,733.82 Lakh from ₹1,776.54 Lakh, a 110.1% increase.
- · The company's cash flow from operations turned positive at ₹417.43 Lakh in FY26 versus a negative ₹3,137.49 Lakh in FY25.
- · The Board meeting was held via video conferencing on May 30, 2026, from 05:10 PM to 06:30 PM.
- · The company changed its name from Dhyaani Tile and Marblez Limited to Dhyaani Tradeventtures Limited.
30-05-2026
Mafia Trends Limited reported audited standalone financial results for the year ended March 31, 2026, with total revenue increasing 91.4% YoY to ₹1,531.67 Lakh and net profit rising 15.9% to ₹47.31 Lakh. However, the second half (H2 FY26) saw a sharp sequential decline, with revenue falling 47.8% to ₹525.31 Lakh and net profit plunging 93.5% to ₹2.87 Lakh compared to H1 FY26. The auditor issued an unmodified opinion.
- · Auditor M/s. Ashit N. Shah & Co. issued an unmodified (clean) opinion on the FY26 financials.
- · Total equity (share capital + reserves) increased to ₹841.28 Lakh as at March 31, 2026 from ₹793.95 Lakh a year earlier.
- · Total borrowings (short-term) decreased to ₹368.91 Lakh from ₹411.48 Lakh YoY.
- · Trade receivables surged to ₹318.89 Lakh from ₹36.68 Lakh YoY, a 769% increase.
- · Inventories declined to ₹862.48 Lakh from ₹930.78 Lakh YoY.
- · Cash and cash equivalents fell to ₹205.19 Lakh from ₹276.39 Lakh YoY, a decrease of 25.8%.
- · Earnings per share (basic) for FY26 stood at ₹1.07 vs ₹0.92 in FY25.
- · The trading window, closed from April 1, 2026, will reopen 48 hours after the results declaration.
- · The company has only one operating segment, so no segment-wise reporting is provided.
30-05-2026
Harish Textile Engineers Limited has received a qualified audit opinion from its auditor K M Swadia & Co. for its annual financial results for the year ended March 31, 2026. The auditors have flagged material uncertainties over the company's ability to continue as a going concern, citing defaults on debenture redemption obligations totaling ₹211.51 Lakhs, a negative net working capital of ₹1649.25 Lakhs, and unresolved regulatory liabilities. While the company has paid some interest post-period, the overall financial position remains severely stressed.
- · The audit opinion is qualified, with three specific bases: debenture repayment default, inability to validate MSME interest provision, and non-reversal of input tax credit for suppliers unpaid beyond 180 days.
- · A notice of 'Event of Default' was received from Debenture Trustee Axis Trustee Services Limited on November 11, 2025, which has called for enforcement proceedings.
- · The company's net working capital as of March 31, 2026 is negative ₹1649.25 Lakhs (current liabilities ₹6430.61 Lakhs vs current assets ₹4781.36 Lakhs).
- · The going concern basis is subject to material uncertainty and depends on successful renewal of credit facilities, raising additional funds, and continued support from lenders and creditors.
- · A separate company petition filed by certain shareholders of Pacific Harish Industries Limited (PHIL) with the NCLT Mumbai Bench regarding slump-sale of the Non-Woven and PSF business is highlighted as an emphasis of matter.
30-05-2026
Eraaya Lifespaces Limited announced its audited financial results for the quarter and fiscal year ended March 31, 2026, approved at a Board meeting held on May 30, 2026. The filing includes standalone and consolidated results along with audit reports and a statement on audit qualifications. No specific financial figures or period-over-period comparisons were disclosed in the filing letter itself.
- · Board meeting held on May 30, 2026 at 54, Janpath, New Delhi
- · Meeting commenced at 04:45 PM and concluded at 06:15 PM
- · Results include standalone and consolidated figures for Q4 and FY ended March 31, 2026
- · Audit report and statement on impact of audit qualifications are enclosed
30-05-2026
Onelife Capital Advisors Limited reported a strong turnaround in Q4 FY26 with a net profit of ₹197.61 Lakhs compared to a net loss of ₹61.52 Lakhs in Q4 FY25, and full-year net profit surged to ₹211.11 Lakhs from ₹50.93 Lakhs in FY25. Additionally, the Board appointed Mr. Pandoo Naig as CEO effective June 1, 2026, and approved an ESOP plan for up to 18.68 Lakh shares. However, the company's cash flow from operations turned deeply negative at -₹2,822.01 Lakhs in FY26 versus +₹2,764.04 Lakhs in FY25, and total income for the full year declined from ₹571.77 Lakhs to ₹679.61 Lakhs (though this includes a significant other income component).
- · Trade Receivables decreased from ₹57.28 Lakhs (March 31, 2025) to ₹18.36 Lakhs (March 31, 2026).
- · Cash and Cash Equivalents surged from ₹8.63 Lakhs to ₹1,377.45 Lakhs.
- · Borrowings (current) increased from ₹186.45 Lakhs to ₹1,529.87 Lakhs.
- · Trade Payables increased from ₹41.04 Lakhs to ₹189.56 Lakhs.
- · Other Financial Liabilities dropped sharply from ₹2,337.23 Lakhs to ₹110.49 Lakhs.
- · The company's statutory auditors issued an unmodified opinion on the financial results.
- · EBITDA (calculated: Profit before tax + Depreciation + Interest) for FY26: ₹217.94 + 0.48 + 148.35 = ₹366.77 Lakhs vs FY25: ₹73.94 + 0.26 + 0.14 = ₹74.34 Lakhs.
- · Other Income for FY26 was ₹462.61 Lakhs vs ₹571.77 Lakhs in FY25, a decline of about 19%.
- · Employee Benefits Expense increased from ₹178.80 Lakhs (FY25) to ₹187.28 Lakhs (FY26).
- · Other Expenses decreased significantly from ₹318.64 Lakhs (FY25) to ₹125.56 Lakhs (FY26).
30-05-2026
Asian Petroproducts & Exports Ltd. reported audited financial results for Q4 and FY ended March 31, 2026, with total income of ₹6750.30 Lakh and net profit of ₹121.00 Lakh. However, the auditor issued a qualified opinion citing non-compliance with TDS provisions, unreconciled TDS receivable differences with Form 26AS, and non-compliance with Ind AS 19 on employee benefits. The Board also approved the re-appointment of Shri Jashwant Bhatt as Independent Director for a second term and appointed Mr. Sunil Kumar Mundra as Internal Auditor for FY 2026-27.
- · Total expenditure of ₹6793.73 Lakh exceeded total income of ₹6750.30 Lakh, resulting in a net profit of only ₹121.00 Lakh.
- · Earnings Per Share (EPS) reported as ₹0.49, but noted as 'Not Determinable' in the adjusted figures column.
- · Audit qualifications are repetitive in nature, covering TDS non-compliance, unreconciled TDS receivable differences, and non-compliance with Ind AS 19 on employee benefits.
- · The Board meeting lasted 30 minutes (8:30 pm to 9:00 pm).
- · Shri Jashwant Bhatt's re-appointment as Independent Director is subject to shareholder approval at the ensuing AGM.
30-05-2026
B.R.Goyal Infrastructure Limited's Board approved audited standalone and consolidated financial results for the half year and year ended 31 March 2026 with an unmodified audit opinion. The Board recommended a final dividend of ₹0.25 per share (2.5% on face value of ₹10) and approved a preferential issue of up to 11,00,000 convertible warrants at ₹119 each to raise ₹13,09,00,000 (₹13.09 Cr). Additionally, the Board recommended increasing the company's borrowing limits to ₹700 Crore and approved a 10% stake acquisition in Virtuoso Infra Meditech LLP for ₹1,50,000.
- · The Board meeting commenced at 16:00 IST and concluded at 19:00 IST on 30 May 2026.
- · The convertible warrants are convertible into equity shares within 18 months from allotment.
- · The EOGM is scheduled for 29 June 2026 at 15:00 IST via video conferencing.
- · The relevant date for warrant pricing is 29 May 2026.
- · The company appointed M/s Aman Jindal & Co. as Internal Auditor and M/s Dhananjay V. Joshi & Associates as Cost Auditor for FY 2026-2027.
- · The audit report was issued with an unmodified opinion.
30-05-2026
Parvati Sweetners and Power Ltd. has executed a Share Purchase Agreement to acquire a 51% stake in Vedshree Food Industries Private Limited for an aggregate consideration of approximately INR 6,00,00,000 (₹6 Cr). The acquisition is a related party transaction due to common directors and promoters, and is aimed at expanding the company's presence in the renewable energy sector, specifically Compressed Bio Gas (CBG). The deal is expected to close within 6 months, subject to customary conditions precedent.
- · The target entity, Vedshree Food Industries Private Limited, was incorporated on July 2, 2024, with a paid-up capital of INR 1,00,000.
- · The acquisition is a related party transaction due to common directors (Mr. Anupam Chouksey) and common promoters (Mr. Anupam Chouksey, Mr. Jai Narayan Chouksey, and Ananjay Construction and Contracts Private Limited).
- · The consideration was determined based on a valuation report considering financial position, business operations, and future prospects of Vedshree.
- · No governmental or regulatory approvals are currently required; the company will update the exchange if any become necessary.
- · The indicative completion timeline is within 6 months from the date of execution of the SPA.
30-05-2026
Affordable Robotic & Automation Ltd reported audited standalone financial results for Q4 and FY ended March 31, 2026. Net profit for Q4 FY26 was ₹601.75 Lakhs, down 36.2% from ₹943.02 Lakhs in Q4 FY25, while full-year net profit rose 16.2% to ₹695.90 Lakhs from ₹598.59 Lakhs in FY25. The Board also appointed Mr. Vivek Mukherjee as Cost Auditor for FY 2026-27.
- · Q4 FY26 net profit of ₹601.75 Lakhs was significantly lower than Q3 FY26 net profit of ₹36.07 Lakhs (unaudited), a sequential increase of 1568%.
- · Full-year net profit for FY26 was ₹695.90 Lakhs, up 16.2% from ₹598.59 Lakhs in FY25.
- · Gross sales for FY26 declined 32.1% to ₹10,904.71 Lakhs from ₹16,047.26 Lakhs in FY25.
- · Cost of materials consumed for FY26 was ₹6,731.63 Lakhs, down from ₹11,182.15 Lakhs in FY25.
- · Employee benefits expense for FY26 was ₹1,507.59 Lakhs, down from ₹2,129.12 Lakhs in FY25.
- · Finance costs for FY26 were ₹427.27 Lakhs, down from ₹466.47 Lakhs in FY25.
- · Depreciation and amortisation expense for FY26 increased to ₹210.10 Lakhs from ₹151.56 Lakhs in FY25.
- · Other expenses for FY26 were ₹1,284.44 Lakhs, down from ₹1,421.05 Lakhs in FY25.
- · Basic and diluted EPS for FY26 was ₹6.19, up from ₹5.32 in FY25.
- · The auditor's report had an unmodified opinion.
- · Mr. Vivek Mukherjee was appointed as Cost Auditor for FY 2026-27.
30-05-2026
MSP Steel & Power Limited reported a strong turnaround for Q4 FY26, with standalone net profit of ₹8,530.53 Lakhs compared to a loss of ₹3,419.77 Lakhs in Q4 FY25, driven by a 7.4% YoY increase in revenue to ₹81,631.85 Lakhs. However, for the full year FY26, revenue declined 2.1% YoY to ₹2,84,296.43 Lakhs, and the company posted a net profit of ₹3,385.09 Lakhs versus a loss of ₹2,870.98 Lakhs in FY25, aided by exceptional items. The Board also approved a ₹500 Crore capital expenditure program to expand its Raigarh steel facilities, funded through debt and internal accruals.
- · The Board approved a capital expenditure of ₹500 Cr for expanding Raigarh facilities, adding 2,04,000 MT sponge iron, 2,17,800 MT billet, 2,00,000 MT rolling mill capacity, and 22 MW power.
- · Existing capacity utilization: Sponge Iron 74%, Billet 79%, Rolling Mill 89%, Power Plant 85%.
- · The company reported no default on loans or debt securities for the quarter.
- · Preferential issue of 2,80,00,000 convertible warrants at ₹35 each, with upfront receipt of ₹24.50 Cr (25% of total consideration of ₹98.0 Cr).
- · Out of the upfront subscription money, ₹22.84 Cr was utilized by March 31, 2026; the remaining ₹1.65 Cr was utilized in April 2026.
- · Exceptional items of ₹10,163.30 Lakhs (loss) were recognized in FY26, impacting the full-year profit before tax.
- · Deferred tax benefit of ₹3,718.69 Lakhs in Q4 FY26 contributed significantly to net profit.
- · Finance costs declined sharply from ₹8,111.57 Lakhs in FY25 to ₹4,749.65 Lakhs in FY26, a 41.4% reduction.
- · Total assets increased to ₹1,72,354.30 Lakhs as of March 31, 2026, from ₹1,53,083.92 Lakhs a year earlier.
- · Current borrowings rose to ₹31,015.02 Lakhs from ₹24,977.58 Lakhs, while non-current borrowings were fully repaid (₹1,094.00 Lakhs to zero).
30-05-2026
Signet Industries Limited reported audited financial results for Q4 and FY ended March 31, 2026. For the full year, total income grew 13.7% YoY to ₹134,902.98 Lacs, while net profit increased 3.3% to ₹1,615.54 Lacs. However, the Manufacturing segment revenue declined 5.9% YoY, and the company recorded an exceptional loss of ₹499.37 Lacs from a fire incident. The Board recommended a dividend of ₹0.5 per share.
- · The Board recommended a dividend of ₹0.5 per equity share (5% on face value of ₹10) subject to shareholder approval at the AGM.
- · Appointed M/s Dhananjay V. Joshi & Associates as Cost Auditor for FY 2026-27.
- · Appointed Mr. Ritesh Bhansali as Internal Auditor for FY 2026-27.
- · A fire incident on April 11, 2025 at the Pithampur plant caused an exceptional loss of ₹499.37 Lacs, fully adjusted in the books.
- · New Labour Codes effective from November 21, 2025 resulted in an additional provision of ₹16.98 Lakhs in the P&L.
- · Total borrowings increased from ₹38,858.99 Lacs (FY25) to ₹45,933.79 Lacs (FY26), a rise of 18.2%.
- · Trade receivables increased from ₹42,976.62 Lacs to ₹51,462.58 Lacs, up 19.7% YoY.
- · Cash and cash equivalents declined sharply from ₹110.60 Lacs to ₹27.82 Lacs.
30-05-2026
Sree Rayalaseema Hi-Strength Hypo Limited reported standalone revenue from operations of ₹66,695.85 Lakh for FY2025-26, up 4.6% from ₹63,782.26 Lakh in FY2024-25. Net profit after tax remained nearly flat at ₹9,265.07 Lakh versus ₹9,267.52 Lakh (down 0.03%). The Board recommended a final dividend of ₹3 per share (30% on paid-up capital) and reappointed internal and cost auditors. However, total comprehensive income fell sharply to ₹5,923.23 Lakh from ₹12,541.89 Lakh, driven by significant losses on FVTOCI financial instruments.
- · Exceptional items totaled ₹1,350.34 Lakh for FY2025-26, including ₹8.75 Crore loss on gold investment and ₹4.75 Crore derecognition of debenture investment.
- · Employee benefit expenses included ₹686.14 Lakh from retrospective application of new labour code for gratuity obligations.
- · Domestic revenue was ₹41,153.27 Lakh (FY2025-26) vs ₹35,188.38 Lakh (FY2024-25); export revenue declined to ₹25,542.58 Lakh from ₹28,593.88 Lakh.
- · No single customer represents 10% or more of total revenue.
- · The company reports only one operating segment (chemicals) as wind energy power revenue is less than 10% of total revenue.
- · Cash flow from operations decreased to ₹3,872.66 Lakh from ₹8,774.77 Lakh in the prior year.
- · Total assets increased to ₹1,10,683.79 Lakh from ₹1,05,863.98 Lakh.
- · Other equity grew to ₹95,924.54 Lakh from ₹90,516.25 Lakh.
30-05-2026
MSP Steel & Power Limited reported a standalone net profit of ₹8,530.53 Lakhs for Q4 FY26, a sharp turnaround from a net loss of ₹3,419.77 Lakhs in Q4 FY25. For the full year FY26, net profit stood at ₹3,385.09 Lakhs versus a loss of ₹2,870.98 Lakhs in FY25. However, annual revenue from operations declined 2.1% to ₹2,84,296.43 Lakhs from ₹2,90,524.78 Lakhs, and the company recorded an exceptional loss of ₹10,163.30 Lakhs for the year. The Board also approved a ₹500 Crore capital expenditure program to expand its integrated steel facilities at Raigarh, Chhattisgarh.
- · The Board approved a capital expenditure of ₹500 Crore (approx.) for expanding capacity at Raigarh, Chhattisgarh, to be funded through a mix of debt and internal accruals/promoter contribution.
- · Proposed capacity additions: Sponge Iron +2,04,000 MT, Billet +2,17,800 MT, Rolling Mill +2,00,000 MT, Power Plant +22 MW.
- · Current capacity utilization: Sponge Iron 74%, Billet 79%, Rolling Mill 89%, Power Plant 85%.
- · No default on loans or debt securities as of the quarter end.
- · The company raised ₹24.50 Crore via preferential issue of convertible warrants (25% upfront) on March 14, 2026; total consideration if fully converted is ₹98.00 Crore.
- · As of March 31, 2026, ₹22.84 Crore of the upfront proceeds were utilized, leaving ₹1.66 Crore unutilized (subsequently used in April 2026).
- · Standalone total comprehensive income for FY26 was ₹3,576.89 Lakhs vs. a loss of ₹2,703.28 Lakhs in FY25.
- · Deferred tax benefit of ₹3,718.69 Lakhs in Q4 FY26 contributed significantly to the quarterly profit.
- · Finance costs dropped 41.4% YoY to ₹4,749.65 Lakhs in FY26 from ₹8,111.57 Lakhs in FY25.
- · Total borrowings increased to ₹31,015.02 Lakhs as of March 31, 2026 from ₹24,977.58 Lakhs a year ago.
30-05-2026
Encode Packaging India Limited reported audited financial results for the quarter and year ended March 31, 2026, with net loss of ₹0.03 Lakhs for the quarter (vs ₹0.00 Lakhs in previous quarter) and net loss of ₹0.03 Lakhs for the year (vs ₹7.18 Lakhs loss in FY25). The company had zero revenue from operations in both periods, while total assets stood at ₹343.64 Lakhs. The auditors issued an unmodified opinion.
- · The company had zero revenue from operations for both Q4 FY26 and FY26, compared to ₹0.23 Lakhs in FY25.
- · Total expenses for FY26 were -₹0.03 Lakhs (negative due to other expenses adjustment), vs ₹7.46 Lakhs in FY25.
- · Equity share capital remained unchanged at ₹315.21 Lakhs with 100% public shareholding.
- · No promoter shareholding; all shares are held by public.
- · Cash and cash equivalents decreased from ₹7.86 Lakhs (FY25) to ₹7.83 Lakhs (FY26).
- · Trade receivables remained constant at ₹204.29 Lakhs.
- · The company operates in a single segment: Packaging.
- · Auditors issued an unmodified opinion on the financial results.
30-05-2026
Diggi Multitrade Limited reported a net loss of ₹13.07 Lakhs for FY2026, widening from a loss of ₹11.87 Lakhs in FY2025, while revenue from operations collapsed 94.4% to ₹11.44 Lakhs from ₹205.99 Lakhs. The Board approved the audited standalone financial results for the year ended March 31, 2026, with an unmodified audit opinion, but the company's performance deteriorated sharply with negative earnings per share of ₹-0.14.
- · Share capital remained unchanged at ₹967.75 Lakhs (face value ₹10 each) as on 31/03/2026 and 31/03/2025.
- · Revenue from operations for the half year ended 31/03/2026 was only ₹(0.06) Lakhs (negative), compared to ₹205.99 Lakhs for the same half of FY2025, indicating a complete collapse in business activity.
- · Trade payables increased to ₹105.91 Lakhs as on 31/03/2026 from ₹94.34 Lakhs a year ago, while cash and cash equivalents declined to ₹1.85 Lakhs from ₹2.72 Lakhs.
- · Total assets decreased marginally to ₹1,199.78 Lakhs from ₹1,204.54 Lakhs as on 31/03/2025.
- · The audit report contained an unmodified opinion on the financial results.
- · The company is not required to submit related party transaction disclosures under Regulation 23(9) of SEBI LODR as its paid-up equity share capital and net worth are below the prescribed thresholds (paid-up capital ≤ ₹10 Crore and net worth ≤ ₹25 Crore).
- · The company considers its operations as a single business segment and does not have reportable segments.
30-05-2026
B.R.Goyal Infrastructure Limited's Board approved audited standalone and consolidated financial results for the half year and year ended 31 March 2026 with an unmodified audit opinion. The Board recommended a final dividend of ₹0.25 per share (2.5% on face value of ₹10) and approved a preferential issue of up to 11,00,000 convertible warrants at ₹119 each to raise ₹13,09,00,000 (₹13.09 Cr). Additionally, the Board approved a 10% stake acquisition in Virtuoso Infra Meditech LLP for ₹1,50,000 and recommended increasing the company's borrowing limit to ₹700 Crore, subject to shareholder approval.
- · The Board approved appointment of M/s Aman Jindal & Co. as Internal Auditor and M/s Dhananjay V. Joshi & Associates as Cost Auditor for FY 2026-2027.
- · The Extra-Ordinary General Meeting (EOGM) is scheduled for 29 June 2026 at 15:00 IST via video conferencing.
- · The relevant date for warrant pricing is 29 May 2026, and the cut-off date for EOGM notice dispatch is also 29 May 2026.
- · The Board meeting started at 16:00 IST and concluded at 19:00 IST on 30 May 2026.
30-05-2026
The Board of Sattva Sukun Lifecare Limited meeting on May 30, 2026, noted non-submission of Financial Results for FY2025-26 due to ongoing audit finalization, with the next meeting scheduled for June 4, 2026. The board also approved related party transactions for the half-year ended March 31, 2026, took on record revised secretarial compliance observation regarding delayed financial results, and confirmed no deviation in the use of rights issue proceeds of ₹19,16,01,248 (₹1,916.16 lakh). Total proceeds utilized stood at ₹1,860.36 lakh out of ₹1,916.16 lakh allocated, with a shortfall of ₹55.80 lakh in utilization under the investment in subsidiary and issue expenses heads.
- · Financial results for the quarter/year ended March 31, 2026, were not approved due to pending audit finalization; the next board meeting is scheduled for June 4, 2026.
- · Revised Annual Secretarial Compliance Report for FY2025-26 included an observation regarding non-approval and non-submission of Financial Results within prescribed timelines under SEBI (LODR) Regulations.
- · Related party transactions disclosed include investment of ₹1,000 lakh in subsidiary Pavapuri Export Private Limited and loan/financial assistance of ₹131.21 lakh opening balance to Mayukh Trading Private Limited (closing ₹168.76 lakh).
- · A total of ₹1,860.36 lakh was utilized out of ₹1,916.16 lakh allocated rights issue proceeds, leaving ₹55.80 lakh underutilized primarily in the 'investment in subsidiary' (only ₹1,168.76 lakh utilized out of ₹1,200 lakh modified allocation) and issue expenses (₹55.44 lakh utilized out of ₹80 lakh).
30-05-2026
Sicagen India Limited has issued a notice to shareholders regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) for shareholders whose dividends have remained unpaid/unclaimed for seven consecutive years (FY 2018-19 to FY 2024-25). The company has published newspaper notices and is sending reminder letters, with a deadline of September 18, 2026 for shareholders to submit claims. The audited financial results for the quarter and year ended March 31, 2026 show a net loss after tax of ₹(2,808.07) Lakh for the quarter (vs. ₹(1,288.72) Lakh loss in Q4 FY25) and a net profit after tax of ₹1,336.55 Lakh for the full year (vs. ₹3,321.78 Lakh profit in FY25), indicating a significant decline in annual profitability.
- · The company's equity share capital decreased from ₹1,000 Lakh as at March 31, 2025 to ₹500 Lakh as at March 31, 2026.
- · Total income from operations for the quarter ended March 31, 2026 was ₹308 Lakh vs. ₹814.93 Lakh in the same quarter last year.
- · Total income from operations for the year ended March 31, 2026 was ₹1,138.53 Lakh vs. ₹1,650.08 Lakh in FY25.
- · Earnings per share (basic) for the year ended March 31, 2026 was ₹1.01 vs. ₹7.00 in FY25.
- · The company has already transferred some shares to IEPF and shareholders can claim them via Form IEPF-5 on the MCA website.
30-05-2026
Majestic Research Services and Solutions Ltd rescheduled its Board Meeting from May 30, 2026 to June 30, 2026. The meeting will consider and approve standalone audited financial results for the quarter and financial year ended March 31, 2026, along with appointments of secretarial, statutory, and internal auditors. The trading window remains closed as per insider trading code.
- · The earlier intimation referred to a board meeting scheduled on May 30, 2026, which has now been rescheduled to June 30, 2026.
- · The agenda includes approval of standalone audited financial results for the quarter and financial year ended March 31, 2026.
- · The meeting will also consider appointments of Secretarial Auditor, Statutory Auditor, and Internal Auditor.
- · The trading window for securities dealing remains closed and will reopen per applicable regulations.
30-05-2026
Bharat Road Network Limited (BRNL) reported its audited standalone and consolidated financial results for FY ended March 31, 2026, with the statutory auditor issuing a qualified opinion and highlighting a material uncertainty related to going concern. The qualified opinion stems from the company's non-recognition of interest on financial assistance from July 1, 2024, understating loss before tax for Q4 FY26 by ₹884.96 lakh and overstating profit before tax for FY26 by ₹4,107.69 lakh, while current liabilities are understated by ₹7,027.26 lakh. Additionally, the Board deferred a promoter reclassification request from Srei Infrastructure Finance Limited due to insufficient documentation, and the company faces ongoing litigation with terminated associate projects and a money laundering probe at a subsidiary.
- · The auditor's report includes a 'Material Uncertainty Related to Going Concern' due to defaults in repayment of dues and significant losses.
- · The Board deferred the reclassification request from promoter Srei Infrastructure Finance Limited to public category pending receipt of required documents.
- · Associate companies Kurukshetra Expressway Private Limited and Mahakaleshwar Tollways Private Limited have terminated projects; their claims are sub judice.
- · Search proceedings under the Prevention of Money Laundering Act, 2002 were conducted at subsidiary Guruvayoor Infrastructure Private Limited.
- · The company has defaulted on repayment of principal and interest due March 31, 2025; a partial payment of ₹8,000 lakh was made in December 2025.
- · The qualified opinion on interest recognition has been recurring for the years ended March 31, 2026 and March 31, 2025.
30-05-2026
Tilaknagar Industries Limited has made available the audio recording of its earnings conference call for Q4 and FY26 results, held on May 30, 2026. The recording can be accessed on the company's website. No specific financial figures or performance details are provided in this filing.
- · The audio recording link is: https://tilind.com/wp-content/uploads/investor/260530082756_TI%20-%20Q4%20FY26%20-%20Audio.mp3
- · The conference call was held on Saturday, May 30, 2026.
- · The filing is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
30-05-2026
Patanjali Foods Limited informed the exchanges that the audio recording of its Q4 FY26 earnings conference call held on May 30, 2026 is available on the company's website. The call was conducted with analysts and investors, and the recording can be accessed via the provided link.
- · The earnings call was held on May 30, 2026.
- · The audio recording is available at https://www.patanjalifoods.com/wp-content/uploads/2026/05/Patanjali-Foods-Q4FY26-Earnings-Call.mp3
- · The filing was made under Regulation 30 and 46(2)(oa) of SEBI Listing Regulations.
30-05-2026
Sudal Industries Limited announced its audited financial results for the quarter and year ended March 31, 2026. Revenue from operations grew 17.4% to ₹18,160.54 Lakh for FY26, but the company reported a net loss of ₹80.59 Lakh versus a profit of ₹569.78 Lakh in FY25. The auditor issued a qualified opinion citing ongoing litigation and a material uncertainty related to going concern, as the company's prepackaged insolvency resolution plan is subject to Supreme Court appeal.
- · Qualified audit opinion due to NCLAT order (July 22, 2024) setting aside the PIRP; Supreme Court stay granted Oct 4, 2024; matter is sub-judice and not quantifiable.
- · Going concern assumption dependent on favorable outcome of Supreme Court appeal.
- · Depreciation and amortization expense jumped to ₹582.27 Lakh in FY26 from ₹205.55 Lakh in FY25 (183% increase).
- · Finance costs declined 25.3% YoY to ₹230.67 Lakh in FY26.
- · The company reports only one operating segment: manufacturing of aluminium extrusions and downstream value added products.
30-05-2026
Shri Venkatesh Refineries reported audited financial results for FY2025-26 with total revenue of ₹137,872.35 Lakh, up 96.3% YoY from ₹70,239.04 Lakh. Net profit surged to ₹3,820.25 Lakh from ₹1,807.87 Lakh, a 111.3% increase. However, debt-equity ratio increased to 2.66 from 2.30, indicating higher leverage. The board recommended a final dividend of ₹1 per share.
- · Audited financial statements for Q4 and FY ended March 31, 2026 approved by board on May 30, 2026.
- · Final dividend of ₹1 per share recommended, subject to shareholder approval.
- · Related party transactions for FY2026-27 approved.
- · Auditor's report unmodified opinion; no audit qualifications.
- · Company is exempt from IND AS adoption as per MCA notification for SME listed companies.
- · No reportable segments as per AS 17.
- · Debt service coverage ratio improved to 3.64 from 1.60 YoY.
- · Interest service coverage ratio increased to 3.49 from 3.31 YoY.
- · Earnings per share (basic) for FY ended March 31, 2026: ₹17.27 vs ₹8.17 in prior year.
30-05-2026
Blue Cloud Softech Solutions reported mixed annual results for FY2026. Consolidated revenue grew 25.7% YoY to ₹1,00,190.09 Lakhs and net profit rose 36.6% to ₹6,049.51 Lakhs, driven by strong Q4 performance. However, standalone Q4 net profit plunged 53.0% sequentially to ₹540.78 Lakhs from ₹1,150.15 Lakhs in Q3, and standalone EPS for the quarter fell sharply to ₹0.07 from ₹0.22. The company also disclosed a significant increase in goodwill to ₹55,208.58 Lakhs and other intangible assets to ₹40,944.20 Lakhs, primarily from acquisitions.
- · Standalone Q4 FY2026 revenue declined 20.4% sequentially to ₹13,957.47 Lakhs from ₹17,540.38 Lakhs in Q3 FY2026.
- · Standalone Q4 FY2026 net profit fell 53.0% sequentially to ₹540.78 Lakhs from ₹1,150.15 Lakhs in Q3 FY2026.
- · Standalone Q4 FY2026 net profit also declined 52.9% YoY from ₹1,149.13 Lakhs in Q4 FY2025.
- · Consolidated Q4 FY2026 net profit declined 34.8% sequentially to ₹1,210.87 Lakhs from ₹1,857.59 Lakhs in Q3 FY2026.
- · Standalone annual EPS (basic) decreased slightly to ₹0.82 from ₹0.84 in FY2025.
- · Goodwill surged to ₹55,208.58 Lakhs as at 31 March 2026 from ₹1,965.18 Lakhs a year earlier, primarily due to acquisitions.
- · Other intangible assets increased to ₹40,944.20 Lakhs from ₹3,296.87 Lakhs as at 31 March 2025.
- · Total equity ballooned to ₹88,189.69 Lakhs from ₹10,235.00 Lakhs, driven by a large increase in other equity.
- · An associate company, BLUBIO SCIENCES SPV LIMITED, was incorporated on 27 March 2026 with a proposed 25% stake; no operations yet.
- · The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated financial statements.
30-05-2026
Billwin Industries Limited reported annual revenue of ₹808.46 Lakh for FY ended March 31, 2026, up 14.9% from ₹703.27 Lakh in FY ended March 31, 2025. However, net profit declined 31.2% to ₹46.76 Lakh from ₹67.94 Lakh in the prior year, driven by a sharp increase in cost of materials consumed (₹700.30 Lakh vs ₹472.40 Lakh, up 48.2%). The Board also approved the appointment of M/s. S DSatam & Co. as Internal Auditor and M/s. S.A. & Associates as Secretarial Auditor for FY 2026-27.
- · Total equity increased to ₹1,459.84 Lakh as at March 31, 2026 from ₹1,413.07 Lakh a year earlier.
- · Short-term borrowings surged to ₹154.40 Lakh from ₹28.58 Lakh, a 440% increase.
- · Trade payables rose to ₹203.60 Lakh from ₹83.24 Lakh, up 144.6%.
- · Inventories increased to ₹861.14 Lakh from ₹550.10 Lakh, up 56.5%.
- · Trade receivables decreased to ₹791.32 Lakh from ₹896.61 Lakh, down 11.7%.
- · Cash and cash equivalents fell to ₹1.25 Lakh from ₹1.74 Lakh.
- · The company is listed on the SME Platform of BSE and IND-AS is not applicable.
- · Segment reporting is not applicable as the business falls in one segment.
- · The Board meeting commenced at 7:00 p.m. and concluded at 7:30 p.m. on May 30, 2026.
30-05-2026
SJ Corporation Ltd's board approved audited financial results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. The board also approved a change in management control following a share purchase agreement and open offer by acquirers Pintu Kanjibhai Kalavadia and others, leading to the appointment of new directors and cessation of existing directors and CFO. However, the open offer is still pending SEBI approval, and the company plans to sell land at a consideration of not less than ₹1,40,50,000.
- · The board approved the shifting of registered office from Mumbai, Maharashtra to Rajkot, Gujarat, subject to approvals.
- · The board approved the sale of land at Kosmada, Surat for not less than ₹1,40,50,000, subject to shareholder and other approvals.
- · The board approved the reconstitution of Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee with new members.
- · The board authorized Mr. Pintu Kanjibhai Kalavadia to raise funds for Fishfa Rubber Limited (FRL), a wholly owned subsidiary.
- · The board approved related party transactions under Section 188 of the Companies Act for FY 2026-27.
- · The board approved increasing borrowing limits and creation of mortgage/charge on assets under Sections 180(1)(a) and 180(1)(c) of the Companies Act.
- · The board approved the appointment of M/s. Pooja Gala & Associate as Secretarial Auditor for five years from FY 2026-27 to 2030-31.
- · The e-voting period for the postal ballot is from June 4, 2026 to July 3, 2026.
30-05-2026
B.R.Goyal Infrastructure Limited's Board approved audited standalone and consolidated financial results for FY ended March 31, 2026, with an unmodified audit opinion, and recommended a final dividend of ₹0.25 per share (2.5% on face value of ₹10). The Board also approved a preferential issue of up to 11,00,000 convertible warrants at ₹119 each to raise ₹13,09,00,000 (₹13.09 Cr), and a small acquisition of a 10% stake in Virtuoso Infra Meditech LLP for ₹1,50,000. However, the filing does not provide any period-over-period financial performance data, so no growth or decline metrics are available to assess the company's operational trends.
- · Audited financial results received unmodified opinion from statutory auditor M/s A B M S & Associates.
- · Warrants are convertible into equity shares within 18 months from allotment date.
- · Proposed borrowing limit increase to ₹700 Crore requires shareholder special resolution at EOGM on June 29, 2026.
- · Appointed M/s Aman Jindal & Co. as Internal Auditor and M/s Dhananjay V. Joshi & Associates as Cost Auditor for FY 2026-27.
- · The Board meeting started at 16:00 IST and concluded at 19:00 IST on May 30, 2026.
30-05-2026
Goenka Diamond & Jewels Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 30, 2026. The auditor's report carries a modified opinion, and the company has submitted statements on the impact of audit qualifications. The filing does not disclose specific financial figures, so performance trends cannot be assessed.
- · The Board meeting commenced at 02:00 P.M. and concluded at 08:00 P.M. on May 30, 2026.
- · The auditor's report on both standalone and consolidated results contains a modified opinion.
- · Statements on the impact of audit qualifications have been submitted for both standalone and consolidated results.
30-05-2026
NILACHAL CARBO METALICKS LIMITED's Board of Directors approved and updated the Policy on Materiality of Related Party Transactions on May 30, 2026, in compliance with Regulation 23 of SEBI (LODR) Regulations, 2015, as applicable to SME listed entities. The revised policy sets materiality thresholds for related party transactions at ₹50 Crore or 10% of annual consolidated turnover (whichever is lower) for non-royalty transactions, and 5% of annual consolidated turnover for brand usage or royalty payments. The policy outlines procedures for identification, approval (including Audit Committee omnibus approval up to ₹1 Crore per unforeseen transaction), and disclosure of related party transactions, with ratification allowed within three months for transactions up to ₹1 Crore annually.
- · The revised policy is subject to review by the Board once every three years.
- · The Audit Committee may grant omnibus approval for repetitive related party transactions, valid for one year, with quarterly review.
- · Only independent directors of the Audit Committee can approve related party transactions.
- · Related party transactions entered into without prior approval can be ratified within three months of the transaction or the next Audit Committee meeting (whichever is earlier), provided the value does not exceed ₹1 Crore per financial year and the transaction is not material.
- · Failure to ratify renders the transaction voidable at the Audit Committee's option, and interested directors must indemnify the company against losses.
- · The materiality threshold of ₹50 Crore or 10% of annual consolidated turnover aligns with the SEBI (LODR) Regulations applicable to SME listed entities.
30-05-2026
Raconteur Global Resources reported a massive net loss of ₹674.76 Lakhs (standalone) and ₹2,133.96 Lakhs (consolidated) for FY ended March 31, 2026, a sharp reversal from a profit of ₹16.42 Lakhs in the prior year. While revenue from operations surged to ₹299.83 Lakhs (standalone) from ₹50 Lakhs, this was more than offset by a huge loss on sale of fixed assets (₹1,324.15 Lakhs consolidated) and a spike in finance costs to ₹290.97 Lakhs (standalone) from ₹0.25 Lakhs. The auditors issued a qualified opinion on the financial results.
- · The Board meeting commenced at 6:30 PM and concluded at 8:30 PM on May 30, 2026.
- · Statutory auditors Kapil Sandeep & Associates issued a qualified opinion on both standalone and consolidated financial results for FY ended March 31, 2026.
- · Mr. Shailendra Kumar Roy was appointed as Secretarial Auditor for FY 2025-26.
- · The company raised ₹10,32,74,955 via preferential issue on March 18, 2026, and reported no deviation in utilisation of funds.
- · Standalone other income jumped to ₹483.90 Lakhs (FY26) from ₹0.74 Lakhs (FY25).
- · Consolidated loss on sale of fixed asset was ₹1,324.15 Lakhs for FY26.
- · Standalone total expenses increased to ₹1,457.39 Lakhs (FY26) from ₹34.32 Lakhs (FY25).
- · Paid-up equity share capital increased to ₹10,777,844 (face value ₹10) from ₹5,213,561 in the prior year.
30-05-2026
SEBI has imposed a penalty of ₹15.95 Crore on Suzlon Energy Limited and additional penalties totaling ₹13 Crore on four former executives for alleged misstatements in financial statements from FY 2013-14 to FY 2017-18, overturning a prior adjudication order that had exonerated all parties. The company states there will be no impact on its financial, operational, or other activities and plans to appeal the order before the Securities Appellate Tribunal.
- · The SEBI order dated 29th May 2026 sets aside the earlier Adjudication Order dated 27th June 2025 that had exonerated all noticees without penalty.
- · The alleged violations relate to misstatements in financial statements for FY 2013-14 to FY 2017-18.
- · The company states it will file an appeal before the Securities Appellate Tribunal.
- · The company asserts there will be no impact on its financial, operational, or other activities.
30-05-2026
Aditya Ispat Ltd. held a Board meeting on May 30, 2026, approving Audited Financial Results for the quarter and year ending March 31, 2026, and appointing M/s R. Bengani & Associates as the internal auditor for FY 2026-27. No financial figures or segment-level performance data were disclosed in the filing, preventing any assessment of trends or period-over-period comparisons.
- · Internal auditor appointed for FY 2026-27: M/s R. Bengani & Associates, Practicing Chartered Accountants, Hyderabad.
- · Board meeting duration: 1900 hrs to 2100 hrs (2 hours).
- · Meeting covered Regulation 30 and 33 of SEBI (LODR) Regulations, 2015.
- · No financial figures, revenue, profit, or comparative data were provided in the filing.
30-05-2026
Frontline Corporation Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026, with the auditor issuing a qualified opinion. Key qualifications include non-provision of interest of ₹671.98 Lakh on NPA accounts (overstating profit and understating liabilities), lack of impairment assessment for assets under SARFAESI proceedings, and unresolved legal disputes. Additionally, the company faces material uncertainties from corporate guarantees to Fairdeal Supplies Limited (under CIRP) and outstanding MSME dues without interest provision.
- · Auditor issued a qualified opinion on the standalone financial results for the year ended March 31, 2026.
- · Non-provision of interest of ₹671.98 Lakh on NPA accounts leads to overstated profit and understated bank loan liabilities.
- · No impairment assessment performed on assets where lenders have taken possession under SARFAESI Act; matter is sub-judice.
- · Fairdeal Supplies Limited (promoter-director related) is under CIRP; the company had extended corporate guarantees – outcome and financial impact not determinable.
- · Outstanding dues to MSMEs without interest provision as per MSMED Act, 2006; financial impact unquantified.
- · Balance confirmations not available from some suppliers and loans & advances.
- · Board meeting held on May 30, 2026 from 5:00 p.m. to 9:00 p.m.
30-05-2026
Sharpline Broadcast Limited reported audited standalone financial results for the quarter and year ended March 31, 2026. Annual revenue grew 59% to ₹6,885.57 Lakh, and net profit jumped 26% to ₹755.55 Lakh compared to the prior year. However, the fourth quarter (Q4 FY26) saw a sharp sequential decline, with revenue of ₹2,550.24 Lakh down from ₹4,117.32 Lakh in Q3 FY26 and net profit at ₹332.97 Lakh versus ₹755.55 Lakh in Q3, highlighting a significant quarter-on-quarter drop in profitability.
- · The audited financial results received a clean audit opinion from BAS & Co. LLP, with no modified opinion.
- · Annual total comprehensive income (after including other comprehensive income) for FY26 was ₹489.48 Lakh, significantly lower than net profit due to negative OCI items, versus ₹5.22 Lakh in FY25.
- · Total assets as at March 31, 2026 rose to ₹8,883.68 Lakh from ₹5,306.46 Lakh a year ago.
- · Share capital increased to ₹2,863.49 Lakh (from ₹1,677.78 Lakh) and other equity grew to ₹1,324.42 Lakh (from ₹517.16 Lakh).
- · Trade receivables surged from ₹548.10 Lakh to ₹1,834.76 Lakh, and loans and advances jumped from ₹1,105.38 Lakh to ₹2,903.25 Lakh.
- · Earnings per share (basic) for the year: ₹4.50 (FY26) vs ₹2.92 (FY25); for Q4 FY26: ₹0.65 vs ₹4.50 in Q3 FY26.
- · Operating cost for FY26 was ₹4,504.76 Lakh (up 29% from ₹3,494.97 Lakh), and other expenses ballooned to ₹1,354.74 Lakh from ₹294.30 Lakh.
- · Net cash from operating activities was negative ₹611.77 Lakh for FY26 (vs negative ₹1,917.65 Lakh in FY25).
30-05-2026
Citichem India Limited reported audited standalone financial results for FY26 (year ended March 31, 2026). While full-year profit after tax declined ~18% to ₹100.14 Lakh from ₹122.87 Lakh in FY25, revenue from operations dropped sharply by ~49% to ₹947.82 Lakh from ₹1,869.54 Lakh. However, the second half of FY26 saw a significant recovery with a PAT of ₹68.00 Lakh versus a loss of ₹32.14 Lakh in H1 FY26, suggesting a strong turnaround in H2.
- · Auditor NGST & Associates issued an unmodified (clean) opinion on the annual financial results.
- · For H1 FY26, the company reported a net loss of ₹32.14 Lakh, which reversed to a net profit of ₹68.00 Lakh in H2 FY26.
- · Total expenses for FY26 were ₹1,346.23 Lakh down from ₹5,275.87 Lakh in FY25, driven largely by a reduction in purchase of stock-in-trade and changes in inventories.
- · Depreciation increased to ₹6.03 Lakh in FY26 from ₹0.70 Lakh in FY25.
- · Finance costs nearly doubled to ₹58.37 Lakh in FY26 from ₹30.61 Lakh in FY25.
- · Trade payables (other than MSME) decreased sharply to ₹2,375.03 Lakh from ₹4,195.37 Lakh, while trade receivables also declined to ₹3,717.12 Lakh from ₹5,108.33 Lakh.
- · Short-term borrowings increased to ₹772.08 Lakh from ₹476.72 Lakh.
- · Cash and cash equivalents declined to ₹65.59 Lakh from ₹445.72 Lakh.
- · Fixed assets (tangible) increased significantly to ₹92.54 Lakh from ₹6.46 Lakh, suggesting capital expenditure.
- · Operating cash flow remained negative at -₹519.31 Lakh (FY26) vs -₹1,158.73 Lakh (FY25), an improvement albeit still in negative territory.
- · The company is exempt from IND AS adoption as it is listed on the BSE SME platform.
- · The financial results for H2 FY26 are the balancing figure between audited FY26 and unaudited H1 FY25 data.
30-05-2026
Novateor Research Laboratories Limited reported audited standalone financial results for the half year and year ended March 31, 2026. The auditor issued a qualified opinion citing non-compliance with AS-2 (inventory valuation), AS-9 (revenue recognition), AS-15 (employee benefits), and AS-17 (segment reporting), along with unreconciled GST turnover of Rs. 9.83 lakhs. While total income for FY2026 increased to Rs. 431.58 lakhs from Rs. 125.31 lakhs in FY2025, the company faces significant accounting irregularities and unresolved legal disputes over interest income of Rs. 48.39 lakhs and prior year receivables of Rs. 142.86 lakhs.
- · Auditor's qualified opinion cites non-compliance with AS-2 (inventory valuation), AS-9 (revenue recognition), AS-15 (employee benefits), and AS-17 (segment reporting).
- · Interest income of INR 48.39 lakhs is under legal dispute and not realized; prior year interest receivable of INR 142.86 lakhs also remains unreceived.
- · GST turnover of Rs. 9.83 lakhs is under reconciliation with books of account.
- · Company revalued long lease land at fair market value of Rs. 100 Lakhs, creating a revaluation reserve of Rs. 30.15 Lakhs.
- · No provision for gratuity recorded; extent of non-compliance not ascertainable.
- · Total assets increased to Rs. 1,426.12 Lakhs (March 31, 2026) from Rs. 1,261.32 Lakhs (March 31, 2025).
- · Current liabilities rose to Rs. 238.69 Lakhs from Rs. 163.13 Lakhs, driven by higher trade payables and short-term borrowings.
30-05-2026
KCL Infra Projects Limited announced audited standalone financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. However, the auditor's report highlights significant concerns, including unpaid dues of ₹50 lakhs to micro and small enterprises (MSMED Act), trade receivables of ₹2,69,29,964 outstanding for over three years, and a key lease modification with C3 Multi Speciality Hospital Limited where the security deposit was raised to ₹11.00 crore while monthly rent was slashed to ₹1.00 lakh, without any rental income received until January 2026. The audit also flagged loans aggregating ₹4,31,53,653 for which supporting documentation was not provided.
- · The Board meeting commenced at 04:30 PM and concluded at 09:10 PM on May 30, 2026.
- · The statutory auditors issued an unmodified opinion on the financial results.
- · The original lease with C3 Multi Speciality Hospital (Dec 2021) was terminated and replaced with a new lease effective Jan 1, 2026 to Nov 30, 2036.
- · No rental income was received from C3 Multi Speciality Hospital up to January 1, 2026 under the original arrangement.
- · Certain balance sheet items were reclassified in the current year for better presentation, with no impact on previously reported net assets or profit/loss.
- · Comparative figures have been restated where necessary for these reclassifications.
30-05-2026
SVP Global Textiles Limited reported a standalone net loss of ₹636.94 Lakhs for FY ended March 31, 2026, improving from a loss of ₹996.33 Lakhs in FY ended March 31, 2025. Revenue from operations was nil for both the quarter and full year, with total revenue of ₹66.87 Lakhs (all from other income). The company continues to face significant financial distress, with subsidiaries under CIRP and lenders having recalled borrowings, though no finance cost has been provided in these results.
- · Revenue from operations was nil for both the quarter and full year ended March 31, 2026.
- · Total revenue of ₹66.87 Lakhs for both Q4 FY26 and FY26 came entirely from other income, unchanged from the prior year.
- · Finance cost for the year ended March 31, 2026 was not provided (shown as nil) because lenders have recalled borrowings and no charge/interest has been levied; the company will recognize finance cost upon receiving intimation.
- · The National Company Law Tribunal (NCLT) has initiated CIRP against key step subsidiaries Shri Vallabh Pittie South West Industries Limited and Shri Vallabh Pittie Industries Limited.
- · Trade receivables of ₹7,258.72 Lakhs and trade payables/loans receivables are subject to balance confirmations from third parties.
- · Property, Plant and Equipment decreased from ₹2,508.82 Lakhs as at March 31, 2025 to ₹1,774.61 Lakhs as at March 31, 2026.
- · Independent Director Prima Denish Parmar resigned effective May 31, 2026, citing personal and other professional commitments.
- · M/s. M. Goyal & Co. was reappointed as Cost Auditor for FY 2026-27, and M/s. Shweta Jain & Co. LLP was appointed as Internal Auditor for FY 2026-27.
- · The statutory auditors issued an unmodified (clean) audit opinion on the annual financial results.
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