Desi Farms India Limited reported a net loss of ₹8.93 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a significant reversal from the net profit of ₹18.05 lakh recorded in the corresponding quarter of the previous year. The Bangalore-based agri-tech firm, formerly known as SER Industries Limited, registered zero revenue from operations for the period, highlighting a complete absence of operational income. This performance shift underscores challenges in generating top-line growth, as the company’s total expenses remained at ₹8.93 lakh despite the lack of revenue.

The Board of Directors approved the unaudited financial results on August 05, 2026, in a meeting held pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 5:45 P.M. IST and concluded at 5:55 P.M. IST. Sunil Kumar Shahi, Managing Director of Desi Farms India Limited, signed off on the disclosure submitted to BSE Limited.

Financial Performance Overview

The financial statement reveals that Desi Farms India Limited generated no revenue from operations in Q1FY26. In contrast, the company had reported ₹31.00 lakh in revenue from operations in Q1FY25 and ₹11.00 lakh in Q4FY26. Other income also stood at zero for the current quarter, compared to ₹9.48 lakh in the preceding quarter and nil in the same quarter last year. Consequently, total revenue was zero for Q1FY26, down from ₹31.00 lakh in Q1FY25 and ₹20.48 lakh in Q4FY26.

Expenses for the quarter totaled ₹8.93 lakh, comprising employee benefit expenses of ₹0.07 lakh, depreciation and amortisation expenses of ₹0.02 lakh, and other expenses of ₹8.84 lakh. Finance costs were negligible at ₹0.00 lakh. The high proportion of other expenses relative to total expenditure suggests fixed overheads or non-operational costs are driving the loss in the absence of revenue.

Audit and Compliance

Ankh & Associates, the statutory auditor of the company, conducted a limited review of the financial results in accordance with Standard on Review Engagement (SRE) 2400. Partner K. M. Narasimha Murthy issued the review report on August 05, 2026, stating that nothing came to their attention to suggest the financial statements contained material misstatements or failed to disclose information required under SEBI Listing Regulations. The audit committee reviewed the results before they were taken on record by the Board.

What the Numbers Show

The most critical observation from Q1FY26 is the complete cessation of operational revenue, which directly correlates with the swing from profit to loss. While the company managed to keep total expenses lower than the previous quarter (₹8.93 lakh vs. ₹59.68 lakh), the lack of any income stream resulted in a net loss equal to the total expense figure. This indicates that cost containment measures may have been implemented, but without revenue generation, profitability remains unattainable. The paid-up equity share capital remains unchanged at ₹99.46 lakh.

Desi Farms India Limited (formerly SER Industries Limited) has completed its regulatory compliance obligations by submitting the mandatory certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The filing, dated April 15, 2026, was submitted to BSE Limited and confirms the company's adherence to securities market regulations.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent (RTA). The document confirms that all required details of securities dematerialized during Q4 FY26 have been properly furnished to the depositories and stock exchanges where the company's equity shares are listed.

Corporate Structure and Leadership

The filing was authorized by Sunil Kumar Shahi, Managing Director of Desi Farms India Limited, with DIN 01887403. The document was digitally signed on April 15, 2026, demonstrating the company's adoption of digital compliance processes.

SEBI Regulation 74(5) Compliance

Under SEBI's Depositories and Participants Regulations 2018, Regulation 74(5) mandates that companies provide quarterly certificates confirming the submission of dematerialization details to relevant depositories and stock exchanges. This regulation ensures transparency in the share transfer process and maintains accurate records of securities transactions.

The certificate from MUFG Intime India Private Limited, signed by Assistant Vice President Damodar Kambli, formally confirms that the company has met these regulatory requirements for the quarter ended March 31, 2026. This compliance filing is essential for maintaining the company's good standing with securities market regulators and ensuring continued listing privileges on stock exchanges.