Seya Industries has confirmed that no new encumbrance has been created on its shares during the financial year ending March 31, 2026. The declaration, submitted to the BSE Limited and National Stock Exchange of India Limited, covers the promoters and persons acting in concert with them. This disclosure is significant for shareholders as it assures that the shares held by key stakeholders remain free from additional charges or liens beyond those previously reported.

The filing was made on April 06, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires disclosures regarding any encumbrance on shares to ensure transparency in shareholding patterns. The company explicitly stated that no other encumbrance has been made directly or indirectly, other than those already disclosed to the stock exchanges during the financial year.

Regulatory Filing Details

The disclosure was addressed to the Corporate Relationship Department of BSE Limited and the Listing Compliances department of the National Stock Exchange of India Limited. The communication was also copied to the Interim Resolution Professional of Seya Industries Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP).

Key Information

Seya Industries Limited reported a narrowed net loss of ₹225.52 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹630.69 lakh in the previous year. The company, which is under Corporate Insolvency Resolution Process (CIRP), recorded nil revenue from operations for the year, while other income rose to ₹1,664.75 lakh from ₹1,507.20 lakh in FY25. The statutory auditors issued an unmodified opinion on the standalone financial results approved by the Interim Resolution Professional (IRP) on May 29, 2026.

Total income for FY26 stood at ₹1,664.75 lakh, a slight increase from ₹1,507.20 lakh in the preceding year. The company's total expenses decreased to ₹2,177.68 lakh in FY26 from ₹2,328.14 lakh in FY25. Employee benefit expenses reduced to ₹161.93 lakh from ₹202.16 lakh, while depreciation and amortisation expenses increased to ₹1,903.67 lakh from ₹1,796.38 lakh. Other expenses also declined significantly to ₹112.08 lakh from ₹329.60 lakh in the previous year.

Financial Performance

The company reported a basic and diluted earnings per share (EPS) of (1.08) for FY26, an improvement over the (2.37) reported in FY25. For the quarter ended March 31, 2026, the net loss was recorded at ₹48.55 lakh, with total income of ₹380.75 lakh derived entirely from other income. The half-year ended March 31, 2026, reflected a total income of ₹761.75 lakh and a net loss of ₹132.50 lakh.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹160,549.38 lakh, marginally lower than ₹160,782.96 lakh in the previous year. Non-current assets, dominated by capital work-in-progress of ₹79,620.58 lakh and property, plant, and equipment of ₹63,334.35 lakh, totaled ₹158,204.45 lakh. Current assets decreased to ₹2,344.93 lakh from ₹2,655.25 lakh, primarily due to a reduction in other current assets.

On the liabilities side, total equity decreased to ₹81,843.63 lakh from ₹82,131.04 lakh. Borrowings remained stable at ₹69,602.18 lakh for non-current liabilities and ₹7,696.65 lakh for current liabilities. Total current liabilities increased slightly to ₹9,103.57 lakh from ₹9,050.24 lakh.

Cash Flow Statement

The cash flow statement for FY26 revealed a net decrease in cash and cash equivalents of ₹0.58 lakh. Cash used in operating activities was ₹1,665.82 lakh, while cash generated from investing activities was ₹1,664.75 lakh, primarily attributed to other non-operating income. Financing activities resulted in a net cash inflow of ₹0.50 lakh. Cash and cash equivalents at the end of the year stood at ₹82.13 lakh.

The financial results were reviewed by the Independent Committee constituted by the IRP and approved by Bhavesh Mansukhbhai Rathod, the Interim Resolution Professional. Thacker Butala Desai, Chartered Accountants, provided the independent auditor's report confirming compliance with Regulation 33 of the SEBI Listing Regulations.