Sagar Systech Reports FY26 Audited Results; 42nd AGM Scheduled for August 2026
Sagar Systech Limited approved audited FY26 financial results at its Board meeting on May 13, 2026, reporting a net profit after tax of Rs 0.95 lakhs on total income of Rs 59.95 lakhs, while total comprehensive loss stood at Rs 128.43 lakhs due to other comprehensive income loss of Rs 129.38 lakhs. Operating cash flow improved significantly to Rs 68.04 lakhs from a cash outflow of Rs 63.03 lakhs in FY25, and the 42nd AGM was scheduled for August 12, 2026.
*this image is generated using AI for illustrative purposes only.
Sagar Systech Limited held its Board of Directors meeting on Wednesday, May 13, 2026, and approved the audited financial results for the quarter and financial year ended March 31, 2026, in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 1:30 p.m. and concluded at 2:00 p.m. The statutory auditors, M/s. Shah, Shah & Shah, Chartered Accountants (Firm Registration No. 116457W), issued an audit report with an unmodified opinion on the financial results. The filing was submitted to BSE Limited and signed by Prachi Sahu, Company Secretary and Compliance Officer.
Board Meeting Outcomes
In addition to approving the audited financial results, the Board transacted several key items of business at the meeting. The Notice of the 42nd Annual General Meeting was approved, with the AGM scheduled to be held on Wednesday, August 12, 2026, at 301-302, Sagar Avenue, S. V. Road, Andheri (West), Mumbai-400058, Maharashtra. The Board also approved the Directors' Report for the financial year ended March 31, 2026, fixed dates for closure of the Register of Members and Share Transfer for AGM purposes, appointed a Secretarial Auditor for FY 2026-27, and appointed M/s. V. V. Chakradeo & Co., Practicing Company Secretary, as Scrutinizer for the voting and remote e-voting process.
Financial Performance: Quarter and Year Ended March 31, 2026
The following table presents the audited financial results for the quarter and full year ended March 31, 2026, compared with prior periods (Rs in Lakhs):
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Income from Operations: | 5.62 | 22.76 | 15.11 | 46.88 | 35.31 |
| Other Income: | 1.27 | 0.32 | 0.78 | 13.07 | 14.42 |
| Total Income: | 6.89 | 23.08 | 15.89 | 59.95 | 49.73 |
| Employee Cost: | 7.48 | 8.64 | 1.95 | 28.70 | 11.81 |
| Finance Expenses: | 4.34 | 4.25 | 5.99 | 19.53 | 22.57 |
| Other Expenses: | 1.33 | 1.96 | 2.19 | 5.02 | 7.99 |
| Total Expenses: | 14.28 | 15.86 | 11.25 | 58.34 | 48.17 |
| Profit/(Loss) Before Tax: | (7.39) | 7.22 | 4.64 | 1.61 | 1.56 |
| Net Profit/(Loss) After Tax: | (5.83) | 5.02 | 4.63 | 0.95 | 1.51 |
| Other Comprehensive Income/(Loss): | (112.06) | 44.19 | (50.69) | (129.38) | 51.16 |
| Total Comprehensive Income/(Loss): | (117.89) | 49.21 | (46.06) | (128.43) | 52.67 |
| EPS (Basic/Diluted): | (1.82) | 1.57 | 1.45 | 0.30 | 0.47 |
| Paid-up Equity Share Capital: | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 |
For FY26, total income grew to Rs 59.95 lakhs from Rs 49.73 lakhs in FY25, driven primarily by higher income from operations of Rs 46.88 lakhs versus Rs 35.31 lakhs in the prior year. Total expenses for FY26 stood at Rs 58.34 lakhs compared to Rs 48.17 lakhs in FY25, with employee costs rising significantly to Rs 28.70 lakhs from Rs 11.81 lakhs. The company reported a net profit after tax of Rs 0.95 lakhs for FY26, compared to Rs 1.51 lakhs in FY25. However, other comprehensive income recorded a loss of Rs 129.38 lakhs for FY26, resulting in a total comprehensive loss of Rs 128.43 lakhs for the year, against a total comprehensive income of Rs 52.67 lakhs in FY25. Reserves excluding revaluation reserve stood at Rs 63.87 lakhs as at March 31, 2026.
Balance Sheet Highlights
The key balance sheet figures as on March 31, 2026, compared with March 31, 2025, are presented below (Rs in Lakhs):
| Parameter: | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|
| Investments (Non-Current): | 851.40 | 988.95 |
| Total Non-Current Assets: | 851.40 | 988.95 |
| Cash and Cash Equivalents: | 7.62 | 7.15 |
| Total Current Assets: | 176.85 | 200.42 |
| Total Assets: | 1,028.25 | 1,189.37 |
| Equity Share Capital: | 32.00 | 32.00 |
| Other Equity: | 589.55 | 717.98 |
| Total Equity: | 621.55 | 749.98 |
| Deferred Tax Liabilities (Net): | 87.51 | 97.82 |
| Total Non-Current Liabilities: | 88.45 | 98.22 |
| Borrowings (Current): | 225.39 | 284.19 |
| Trade Payables: | 82.87 | 45.48 |
| Total Current Liabilities: | 318.25 | 341.17 |
| Total Equity & Liabilities: | 1,028.25 | 1,189.37 |
Total assets declined to Rs 1,028.25 lakhs as on March 31, 2026, from Rs 1,189.37 lakhs a year earlier, largely on account of a reduction in non-current investments from Rs 988.95 lakhs to Rs 851.40 lakhs. Total equity also decreased to Rs 621.55 lakhs from Rs 749.98 lakhs, reflecting the impact of other comprehensive loss during the year. Current borrowings reduced to Rs 225.39 lakhs from Rs 284.19 lakhs.
Cash Flow Summary
The statement of cash flows for the year ended March 31, 2026, reflects a significant improvement in operating cash generation (Rs in Lakhs):
| Cash Flow Activity: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Net Cash from Operating Activities: | 68.04 | (63.03) |
| Net Cash from Investing Activities: | 10.74 | (61.81) |
| Net Cash from Financing Activities: | (78.31) | 127.67 |
| Net Increase/(Decrease) in Cash: | 0.47 | 2.83 |
| Cash & Equivalents – Opening: | 7.15 | 4.32 |
| Cash & Equivalents – Closing: | 7.62 | 7.15 |
Net cash from operating activities turned positive at Rs 68.04 lakhs in FY26, compared to a cash outflow of Rs 63.03 lakhs in FY25. Cash and cash equivalents at the end of the year stood at Rs 7.62 lakhs, up from Rs 7.15 lakhs at the beginning of the year.
Auditor's Report and Compliance
The statutory auditors, Shah, Shah & Shah, Chartered Accountants, Mumbai, conducted the audit in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The auditors confirmed that the financial results are presented in accordance with Regulation 33 of the SEBI Listing Regulations and give a true and fair view in conformity with applicable accounting standards. The figures for Q4 FY26 represent derived figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter. The financial statements are prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013. Pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, Managing Director Meena Mukesh Babu confirmed the unmodified audit opinion in a declaration filed with BSE Limited.
Trading Window Closure
In compliance with the company's Code of Practices & Procedure for Fair Disclosure of Unpublished Price Sensitive Information and the prohibition of Insider Trading in securities, Sagar Systech enforced a trading window closure for its Board Members and Designated Persons effective April 1, 2026. The trading window will remain closed until 48 hours from the date of publication of the financial results, in order to prevent trading on the basis of unpublished price-sensitive information.
Historical Stock Returns for Sagar Systech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How does Sagar Systech plan to address the significant rise in employee costs, which nearly tripled to Rs 28.70 lakhs in FY26, and what impact will this have on profitability in FY27?
Given the Rs 129.38 lakh other comprehensive loss in FY26 driven by declining non-current investments, what is the company's strategy to stabilize or recover its investment portfolio?
With current borrowings reduced to Rs 225.39 lakhs and operating cash flow turning strongly positive at Rs 68.04 lakhs, will Sagar Systech accelerate debt repayment or redirect capital toward growth initiatives in FY27?
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