Shree Rajasthan Syntex Ltd. has reported a net loss of ₹56.13 lakh for the quarter ended September 30, 2026, and a loss of ₹133.96 lakh for the half-year ended the same date. The company’s unaudited financial information indicates that current liabilities exceed current assets, raising material uncertainties about its ability to continue as a going concern. The Board of Directors, however, believes the going concern basis of accounting remains appropriate.
Financial Performance for Q2 FY27
Shree Rajasthan Syntex Ltd. announced its unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The company recorded a net loss of ₹56.13 lakh for the quarter, compared to a loss of ₹77.83 lakh in the same period of the previous year. For the half-year ended September 30, 2026, the net loss stood at ₹133.96 lakh.
Going Concern Uncertainty
The financial statements highlight that the Company has experienced continuous losses over several years. Furthermore, the unaudited financial information for the quarter and half-year ended September 30, 2026, reveals that the Company’s current liabilities exceed its current assets. These conditions collectively indicate the existence of material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern. Despite these uncertainties, the management, based on future business projections and other mitigating factors, is of the view that the going concern basis of accounting is appropriate for the preparation of the financial statements.
Board Meeting Outcome
The Board of Directors, in their meeting held on Thursday, August 5, 2026, considered and approved the aforementioned unaudited standalone financial results. The meeting also addressed other inter-alia matters as per the applicable regulations.
Trading Window Closure
In compliance with SEBI regulations and circulars from BSE and NSE, the trading window for dealing in the securities of the Company has been closed from October 1, 2026, and will remain closed for 48 hours after the declaration of financial results.
Fund Utilization Certificate
The company also submitted a certificate of utilization of funds raised through a preferential issue. The total proceeds of ₹10,76,56,250 were raised for repaying financial creditors, paying employees, financing working capital, and capital expenditure. As of September 30, 2026, the utilization stood at ₹1009.17 lakh for the original objects, with a balance of ₹67.39 lakh unutilized against specific components. The total utilization up to September 30, 2026, was ₹1076.56 lakh, leaving no funds unutilized against the total proceeds. The auditors have confirmed that the statement of utilization of funds is in agreement with the unaudited financial statements and fairly presents the manner of utilization.
Source: BSE
