June Industries Net Loss Widens to ₹46.06 Lakh in FY26

2 min read     Updated on 20 May 2026, 06:35 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

June Industries Limited reported a net loss of ₹46.06 lakh for FY26, a significant increase from the previous year's loss of ₹0.03 lakh, as total expenses rose to ₹67.64 lakh. For the quarter ended March 31, 2026, the company recorded a net loss of ₹27.98 lakh on total income of ₹21.33 lakh. The board approved the audited results and appointed M/S. Bhavesh D Shah & Co. as internal auditor for FY 2026-2027.

powered bylight_fuzz_icon
40827497

*this image is generated using AI for illustrative purposes only.

June Industries Limited has announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company reported a net loss of ₹46.06 lakh for the full year, a significant increase from the net loss of ₹0.03 lakh recorded in the previous year ended March 31, 2025. The Board of Directors approved the results in a meeting held on May 20, 2026.

Financial Performance for FY26

For the year ended March 31, 2026, the company's total income stood at ₹21.58 lakh, slightly up from ₹19.20 lakh in the prior year. Revenue from operations for FY26 was ₹19.70 lakh, compared to ₹19.20 lakh in FY25. Total expenses for the year rose sharply to ₹67.64 lakh from ₹19.21 lakh in the previous year, primarily driven by other expenses which increased to ₹65.73 lakh from ₹8.40 lakh.

The basic and diluted earnings per share (EPS) for the year was a loss of ₹0.097, worsening from a loss of ₹0.000 in the previous year. The company's paid-up equity share capital remained constant at ₹477.22 lakh.

Quarterly Results for Q4 FY26

In the fourth quarter ended March 31, 2026, Kashyap Tele-Medicines reported a net loss of ₹27.98 lakh. This compares to a net loss of ₹0.60 lakh in the same quarter of the previous year. Total income for Q4 FY26 was ₹21.33 lakh, with revenue from operations contributing ₹19.70 lakh and other income accounting for ₹1.63 lakh.

Total expenses for the quarter amounted to ₹49.31 lakh, up from ₹4.48 lakh in the corresponding quarter of the previous year. The loss before tax for the quarter was reported at ₹27.98 lakh.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹61.73 lakh, a decrease from ₹66.30 lakh as of March 31, 2025. Current assets increased significantly to ₹61.39 lakh from ₹0.53 lakh in the previous year, largely due to cash and cash equivalents rising to ₹25.04 lakh and investments of ₹35.72 lakh.

Total liabilities increased to ₹43.85 lakh as of March 31, 2026, compared to ₹2.35 lakh in the previous year. Total equity decreased to ₹17.88 lakh from ₹63.95 lakh over the same period.

Board Decisions

The Board of Directors, in its meeting held on May 20, 2026, approved the audited financial results for the fourth quarter and year ended March 31, 2026. Additionally, the board appointed M/S. Bhavesh D Shah & Co., Chartered Accountants, as the internal auditor of the company for FY 2026-2027, in accordance with Section 138 of the Companies Act, 2013.

Financial Results Summary

Particulars Year Ended March 31, 2026 (₹ in Lakhs) Year Ended March 31, 2025 (₹ in Lakhs)
Total Income 21.58 19.20
Revenue from operations 19.70 19.20
Other income 1.88 0.00
Total Expenses 67.64 19.21
Employee benefits expense 1.91 10.81
Other expenses 65.73 8.40
Net Profit/(Loss) for the period (46.06) (0.03)

What specific categories drove the 'other expenses' to surge from ₹8.40 lakh to ₹65.73 lakh in FY26, and are these one-time charges or indicative of a structural cost increase?

Given the sharp decline in total equity from ₹63.95 lakh to ₹17.88 lakh, how long can June Industries sustain operations before requiring fresh capital infusion or restructuring?

Will the appointment of M/S. Bhavesh D Shah & Co. as internal auditor lead to improved financial controls that could reverse the expense surge in FY27?

June Industries Limited Confirms Non-Applicability of SEBI Large Corporate Classification

1 min read     Updated on 15 Apr 2026, 09:30 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

June Industries Limited (formerly Kashyap Tele-Medicines Limited) has confirmed to BSE that it does not qualify as a 'Large Corporate' under SEBI's regulatory framework. The declaration, signed by Managing Director Kalpesh Bipin Sheth on April 14, 2026, specifically addresses SEBI Circular dated October 19, 2023, regarding fund raising by issuance of debt securities by large entities. The company reiterated that it does not meet the criteria specified in para 3.2 of the aforementioned circular, ensuring compliance with current regulatory disclosure requirements.

powered bylight_fuzz_icon
37771242

*this image is generated using AI for illustrative purposes only.

June Industries Limited has officially communicated to BSE Limited that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's regulatory framework. The company, formerly known as Kashyap Tele-Medicines Limited, submitted this confirmation as part of its ongoing regulatory compliance obligations.

Regulatory Compliance Declaration

The company's declaration specifically addresses SEBI Circular No. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023, which pertains to "Fund raising by issuance of Debt Securities by Large Entities." This circular represents the latest update in a series of regulatory guidelines that began with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Parameter: Details
Circular Reference: SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172
Date: October 19, 2023
Subject: Fund raising by issuance of Debt Securities by Large Entities
Relevant Section: Para 3.2 - Large Corporate Definition

Corporate Information and Authorization

Managing Director Kalpesh Bipin Sheth, bearing DIN 00405151, digitally signed the compliance confirmation on April 14, 2026. The declaration was submitted to the General Manager-Listing, Corporate Relationship Department at BSE Limited.

Company Details

The company operates from its registered office at Unit No.22 & 23, Hasti Industrial Premises Co-Op Soc Ltd, Plot No R-798, Mahape, MIDC, Navi Mumbai. June Industries Limited carries the Corporate Identity Number L29110MH1995PLC085738, reflecting its incorporation in Maharashtra in 1995.

Regulatory Framework Context

The SEBI circular framework has evolved through multiple iterations, with the original circular from November 26, 2018 being superseded by SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and subsequently updated by the October 2023 circular. The company's confirmation ensures compliance with the most current regulatory requirements regarding large corporate classification and associated disclosure obligations.

What are June Industries' plans for future debt fundraising given their non-large corporate status?

How might the company's regulatory classification impact its access to capital markets compared to larger competitors?

Will June Industries consider strategic growth initiatives to potentially qualify as a 'Large Corporate' in future SEBI assessments?

More News on