Sreechem Resins Ltd

Results & audit rectification

• Board approves Standalone un-audited results for quarter ended June 30, 2026.
• Board meeting held August 14, 2026, 16:00–16:25.
• Rectification: Limited Review Report issued correcting auditor designation to 'Partner'.
• Annexure A includes revised Limited Review Report and standalone results.
• Annexure B contains the original filings.
• Limited Review Report states no material misstatement detected.
• Signature block unchanged except for auditor designation correction.

Standalone Q1 FY2026 results

• Board approved standalone unaudited results for quarter ended June 30, 2026.
• Results filed under IND AS and SEBI LODR Regulation 33.
• Limited Review Report from R C Fhawer & Co states no audit opinion.
• Auditors did not express an audit opinion.
• Board meeting held August 14, 2026; Kolkata.

Dematerialisation status

• Demat Transfer Register for 01/04/2026 to 30/06/2026 was sent to depositories and stock exchanges.
• Destroyed/Mutilated/Cancelled all securities received from DPs after dematerialisation within the stipulated time.

Financial results

• Board approved standalone audited financial results for quarter and year ended 31 March 2026.
• Results cover quarter ended 31 March 2026 and year ended 31 March 2026.
• Auditor issued an unmodified opinion on the standalone audited financial results.

Financial statements

• Board took on record standalone audited balance sheet, cash flow statement, and related notes.
• Standalone total assets were Rs 1,766.56 lakh and equity was Rs 1,406.38 lakh.
• Cash and cash equivalents closed at Rs 7.17 lakh.

Performance highlights

• Revenue from operations for the year ended 31 March 2026 was Rs 2,575.33 lakh.
• The company reported a year-end loss before tax of Rs 30.33 lakh.
• Total comprehensive loss for the year was Rs 22.93 lakh.

Compliance and defaults

• No audit qualifications were reported in the statutory auditor's report.
• Outstanding bank borrowing was Rs 2.85 crore, with no default reported.
• No debt securities were outstanding.

Financial Performance 📊

• Revenue from operations was ₹675.19 lakh in Q3 FY26, down 29.6% YoY from ₹959.53 lakh.
• Total income for Q3 FY26 stood at ₹675.91 lakh versus ₹959.36 lakh in Q3 FY25.
• Total expenses were ₹731.79 lakh in Q3 FY26, down 26.2% YoY from ₹992.55 lakh.
• Loss before tax for Q3 FY26 was ₹55.88 lakh versus a loss of ₹33.19 lakh in Q3 FY25.
• Net loss after tax for Q3 FY26 was ₹55.02 lakh compared to ₹33.19 lakh in Q3 FY25.
• EPS (basic and diluted) for Q3 FY26 was -₹1.25 per share versus -₹1.31 per share in Q3 FY25.

Nine Months Performance 📊

• Revenue from operations for nine months ended Dec 31, 2025 was ₹2,191.73 lakh, down 17.8% YoY.
• Total expenses for nine months ended Dec 31, 2025 were ₹2,321.71 lakh, down 15.6% YoY from ₹2,751.32 lakh.
• Net loss after tax for nine months ended Dec 31, 2025 was ₹125.41 lakh versus ₹90.56 lakh in prior year.

Corporate & Compliance

• Results reviewed by Audit Committee and approved by Board on Feb 5, 2026; limited review report unqualified.
• No outstanding loans, debt securities, or defaults reported as of Dec 31, 2025.
• No exceptional items reported in the quarter or nine months ended Dec 31, 2025.

Business Model & Segments

• Manufactures and sells chemical resins, operating in a single business segment.

Financial Performance 📊

• Approved standalone unaudited financial results for Q3 and nine months ended December 31, 2025.
• Total income for nine months ended December 31, 2025, was Rs. 2,193.79 lakhs.
• Net loss before tax for nine months was Rs. 127.92 lakhs; net loss Rs. 125.41 lakhs.
• Earnings per share (EPS) for nine months was negative Rs. 2.81 (not annualized).
• Other comprehensive income for nine months was Rs. 7.48 lakhs; total comprehensive loss Rs. 117.93 lakhs.
• No exceptional items reported during the period.

Corporate Governance & Compliance ⚖️

• Limited review report by statutory auditors issued with no qualifications or material misstatements.
• No changes in directors, auditors, or key management personnel.
• No material regulatory, legal, or compliance issues disclosed.

Capital Structure & Financial Position

• No loans, debt securities, or financial indebtedness outstanding or in default as of the date.

Business Operations

• Company operates in a single business segment.

Corporate Actions & Disclosures 📍

• No dividend declaration, capital raising, buybacks, or major investments/disposals disclosed.
• No deviations or variations in proceeds from public or preferential issues reported.