Crysdale Industries Limited (formerly Relson India) reported a widening loss for the first quarter of FY26, reflecting minimal operational activity. The company posted a standalone net loss of ₹5.18 lakh for the quarter ended June 30, 2026, an increase from the ₹3.40 lakh loss recorded in the corresponding period of FY25.

On a consolidated basis, the loss stood at ₹5.19 lakh, compared to ₹3.42 lakh in Q1FY25. The financial results were approved by the Board of Directors in a meeting held on August 13, 2026, following review by the Audit Committee. Statutory auditors have issued a limited review report on the standalone financial results for the quarter.

Financial Performance

The company’s revenue generation remained negligible during the period. Consolidated revenue from operations was reported at just ₹2.00 lakh. No standalone revenue from operations was disclosed in the filing, indicating that the primary operations may be dormant or conducted through subsidiaries not contributing to standalone top-line figures.

What the Numbers Show

The divergence between standalone and consolidated revenue highlights the company's structural dependency. With standalone revenue at zero and consolidated revenue at merely ₹2.00 lakh, the entity appears to have negligible commercial activity. The widening loss year-on-year, despite near-zero revenue, suggests fixed overheads or administrative costs are outpacing any minor income generated, eroding equity reserves further. The paid-up equity share capital remains unchanged at ₹165.00 lakh.

Crysdale Industries Limited (formerly known as Relson India Limited) held its Board of Directors meeting on May 18, 2026, wherein the board considered and approved the audited financial results — both standalone and consolidated — for the quarter and year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, JMMK & Co. (earlier known as JMK & Co.), issued their reports with unmodified opinions on both standalone and consolidated financial results. The results were signed by Swati Sahukara, Director (DIN: 06801137), as authorised by the Board. Following the approval, the company submitted the extract of the newspaper publication for these financial results to BSE Limited on May 20, 2026, pursuant to Regulation 47 of the SEBI Listing Regulations. The advertisements were published in Business Standard and Pratakhkal.

Consolidated Financial Performance

On a consolidated basis, Crysdale Industries reported a significant deterioration in its financial performance. Total revenue declined sharply to ₹0.23 lakhs for the year ended March 31, 2026, compared to ₹4.56 lakhs in the previous year, as revenue from operations fell to nil from ₹4.30 lakhs. Total expenditure remained broadly stable at ₹23.35 lakhs versus ₹23.94 lakhs in the prior year, driven primarily by employee benefit expenses of ₹14.26 lakhs and other expenses of ₹9.09 lakhs. The consolidated net loss widened to ₹23.12 lakhs from ₹19.37 lakhs in the previous year.

The following table summarises the consolidated financial results (Rs. in Lakhs):

Standalone Financial Performance

The standalone results mirror the consolidated performance closely, with total revenue at ₹0.23 lakhs for the year ended March 31, 2026, compared to ₹4.56 lakhs in the prior year. Revenue from operations was nil versus ₹4.30 lakhs previously. Total standalone expenditure stood at ₹23.19 lakhs against ₹23.65 lakhs, with employee benefit expenses at ₹14.26 lakhs and other expenses at ₹8.93 lakhs. The standalone net loss for the year widened to ₹22.96 lakhs from ₹19.09 lakhs in the previous year.

Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects total assets of ₹485.57 lakhs, up from ₹446.38 lakhs as at March 31, 2025, driven primarily by an increase in loans under non-current financial assets to ₹464.19 lakhs from ₹437.72 lakhs. Total equity declined to ₹388.25 lakhs from ₹411.37 lakhs, reflecting the accumulated losses for the year. Long-term borrowings rose significantly to ₹81.61 lakhs from ₹0.06 lakhs, while current liabilities declined to ₹15.71 lakhs from ₹34.95 lakhs. On a standalone basis, total assets stood at ₹485.21 lakhs as at March 31, 2026, compared to ₹445.87 lakhs in the prior year. Total standalone equity was ₹388.20 lakhs versus ₹411.16 lakhs previously, with long-term borrowings at ₹81.61 lakhs against nil in the prior year.

Cash Flow Summary

The consolidated cash flow statement for the year ended March 31, 2026 shows a net cash outflow from operating activities of ₹53.78 lakhs, a sharp reversal from a net inflow of ₹0.55 lakhs in the prior year. Cash outflow from investing activities stood at ₹26.47 lakhs, primarily on account of loans given, while financing activities generated a net inflow of ₹81.55 lakhs through proceeds from borrowings. Net cash and cash equivalents increased by ₹1.29 lakhs during the year, closing at ₹2.71 lakhs. On a standalone basis, net cash outflow from operating activities was ₹54.68 lakhs versus a net inflow of ₹1.53 lakhs in the prior year. Investing activities recorded an outflow of ₹26.47 lakhs, while financing activities contributed an inflow of ₹81.61 lakhs. Standalone cash and cash equivalents closed at ₹1.84 lakhs, up from ₹1.38 lakhs at the beginning of the year.

Auditor's Report and Compliance

The statutory auditors, JMMK & Co. (Chartered Accountants, ICAI Firm Reg. No. 120459W), represented by CA Jitendra Doshi (Membership No. 151274), issued unmodified audit opinions on both the standalone and consolidated financial results. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The consolidated results include one subsidiary, Wergreen Industries Private Limited, whose unaudited financial statements reflect total assets of ₹0.87 lakhs as at March 31, 2026, with a net loss after tax of ₹0.13 lakhs for the quarter and ₹0.16 lakhs for the year ended on that date. The company operates in a single business segment and accordingly, no separate segment reporting is applicable under Ind AS 108. The intimation to BSE Limited was digitally signed by Kavita Jain, Company Secretary and Compliance Officer (Membership Number: A63116).