Shree Rajasthan Syntex Ltd. has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹77.83 lakhs for the period. A significant note in the auditor’s report highlights a material uncertainty related to the company’s going concern status due to continuous losses and current liabilities exceeding current assets.
Shree Rajasthan Syntex Reports Q1 FY27 Financials
Shree Rajasthan Syntex Ltd. has submitted its unaudited standalone financial results for the first quarter of the financial year ending June 30, 2026. The Board of Directors approved these results during a meeting held on August 12, 2026.
Key Financial Highlights
For the quarter ended June 30, 2026, the company reported a total comprehensive income (comprising profit/loss and other comprehensive income) of ₹(77.83) lakhs. This follows a loss of ₹(175.13) lakhs in the preceding quarter (ended March 31, 2026) and a loss of ₹(69.91) lakhs in the corresponding quarter of the previous year (ended June 30, 2025).
Total revenue from operations for the quarter stood at ₹376.14 lakhs, a decrease from ₹333.08 lakhs in the previous quarter and significantly lower than ₹1,386.08 lakhs in the same quarter of the prior year. Total expenses for the quarter amounted to ₹477.40 lakhs.
Material Uncertainty Regarding Going Concern
The independent auditors, Doogar & Associates, have raised a concern regarding the company’s ability to continue as a going concern. The report states that the company has continuously incurred losses for past several years, and for the quarter ended June 30, 2026, the net loss was ₹77.83 lakhs. Furthermore, current liabilities exceeded current assets. While management believes the going concern basis is appropriate based on future projections, the auditors highlight this as a material uncertainty that may cast significant doubt.
Trading Window Closure
In compliance with SEBI regulations and the company’s insider trading code, the trading window for dealing in the company’s securities was closed from July 1, 2026, and will remain closed for 48 hours after the declaration of financial results.
Utilization of Funds
Details on the utilization of funds raised through a preferential issue were also provided. Out of a total net proceed of ₹1076.56 lakhs, ₹1009.17 lakhs had been utilized up to March 31, 2026. An additional ₹26.69 lakhs were utilized during the current quarter (April 1 to June 30, 2026), leaving a fund unutilized balance of ₹40.70 lakhs primarily for capital expenditure.
Source: BSE
