Satyam Silk Mills Limited reported a 63% decline in net profit to ₹29.35 lakh for the financial year ended March 31, 2026, down from ₹78.63 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,222.19 lakh, compared to nil in the prior year, while total income increased to ₹1,311.63 lakh from ₹181.55 lakh. The company’s board approved the audited financial results at a meeting held on May 29, 2026. The audited standalone financial results were published in "The Free Press Journal" (English) and "Navshakti" (Marathi) on May 30, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹18.86 lakh, a decrease from ₹19.65 lakh in the same quarter of the previous year. Revenue from operations for the quarter was ₹672.60 lakh. Total comprehensive income for the year was ₹44.36 lakh, compared to a negative ₹161.46 lakh in FY25. Earnings per share (EPS) for the year stood at ₹1.59, down from ₹4.25 in the previous year.

Financial Performance

The company’s expenses for FY26 totaled ₹1,272.40 lakh, up from ₹76.62 lakh in the previous year. Key expense components included the purchase of stock-in-trade at ₹1,022.19 lakh and a loss on derivative financial instruments of ₹184.28 lakh. Employee benefit expenses for the year were ₹46.66 lakh, while legal and professional fees amounted to ₹11.24 lakh.

Balance Sheet and Cash Flows

The company’s total assets as of March 31, 2026, stood at ₹2,674.15 lakh, slightly higher than ₹2,647.09 lakh in the previous year. Non-current assets, primarily investments, were valued at ₹1,809.98 lakh, while current assets totaled ₹864.17 lakh. Equity share capital remained unchanged at ₹185.13 lakh. The cash flow statement indicated a net decrease in cash and cash equivalents of ₹1.11 lakh for the year, with a closing balance of ₹0.62 lakh.

Disclosures and Auditor Report

Satyam Silk Mills confirmed there were no deviations or variations in the use of proceeds from its rights issue raised on July 6, 2022. The funds, totaling ₹1,11,62,500, were intended for working capital and general corporate purposes. Unutilized funds have been temporarily invested in money market mutual funds. M/s. SVP & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The board recommended revising the remuneration payable to Mr. Rohitkumar Mishra, Whole Time Director, and the appointment of Mr. Ashish Rameshwar Agarwal as Non Executive Independent Director at the ensuing Extra Ordinary General Meeting.

Satyam Silk Mills Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda of the meeting is to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026. The results to be discussed will be on a standalone basis.

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has informed the stock exchanges about the trading window closure. The trading window, which commenced on April 1, 2026, will remain closed until 48 hours after the declaration of the financial results. This measure is intended to regulate trading by insiders and prevent the misuse of unpublished price-sensitive information.

The intimation regarding the board meeting was addressed to BSE Limited, providing the necessary details regarding the scheduled proceedings. The company's board will review the financial performance for the specified period during the session.

Key Meeting Details