Shree Rajasthan Syntex board of directors approved the annual report and financial statements for the fiscal year ended March 31, 2026. The meeting also fixed the date for the company’s 46th Annual General Meeting (AGM).

The board convened on September 3, 2026, at its registered office in Dungarpur, Rajasthan. The session commenced at 2:00 pm and concluded at 3:00 pm. During the meeting, directors reviewed and ratified the Board’s Report along with its annexures for FY26.

AGM and Voting Details

The company scheduled the 46th AGM for Tuesday, September 29, 2026, at 2:00 pm. The meeting will be conducted through Video Conference or other Audio-Visual Means (OAVM) as per regulatory guidelines.

Shareholders holding equity shares as of August 28, 2026, are eligible to receive the notice and annual report. For remote e-voting purposes, the cut-off date is set for September 22, 2026.

The e-voting window opens on Saturday, September 26, 2026, at 9:00 am and closes on Monday, September 28, 2026, at 5:00 pm. The board appointed Mr. Himanshu Surendrakumar Gupta, proprietor of M/s. Himanshu SK Gupta & Associates, as the scrutinizer for the remote e-voting process.

Cost Auditor Appointment

The board appointed M/s K.G. Goyal & Co. as the cost auditor for the financial year 2026-27. This appointment is subject to shareholder approval at the ensuing AGM. The firm specializes in conducting regulatory cost audits and compliance filings under the Companies Act, 2013.

K.G. Goyal & Co. has expertise in cost records preparation and internal audits for organizations operating complex SAP environments. The firm serves major Public Sector Undertakings, government companies, and prominent private-sector entities. There are no disclosed relationships between the cost auditor and the company’s directors.

Shree Rajasthan Syntex Limited reported a net loss of ₹69.91 lakh for the quarter ended June 30, 2026, marking a substantial improvement from the ₹133 lakh loss recorded in the corresponding period of FY25. The company’s Board of Directors approved the unaudited standalone financial results on August 12, 2026. The results were subsequently published via newspaper advertisements in "Vagad Doot" (Hindi edition) and "The Indian Express" (English edition) on August 13, 2026, pursuant to Regulation 47(1)(b) of the SEBI (LODR) Regulations, 2015.

Operating revenue rose 10.3% year-on-year to ₹376.14 lakh, up from ₹341 lakh in Q1FY25. This growth outpaced the increase in cost of materials consumed, which stood at ₹241.42 lakh compared to ₹203 lakh in the prior year quarter. Total income for the period reached ₹407.49 lakh, supported by other income of ₹31.35 lakh, a significant jump from ₹3 lakh in Q1FY25.

Financial Performance

The reduction in net loss was primarily driven by lower power and fuel expenses and reduced finance costs. Power and fuel expenses fell sharply to ₹74.15 lakh from ₹148.26 lakh in Q4FY26 and ₹34 lakh in Q1FY25. Finance costs also decreased to ₹15.19 lakh from ₹29 lakh in the same quarter last year.

Earnings per share stood at a loss of ₹0.17, compared to a loss of ₹0.05 in Q1FY25. The total comprehensive income for the period was a loss of ₹77.83 lakh, including other comprehensive income items that will not be reclassified to profit or loss. Paid-up equity share capital remained unchanged at ₹4,073.73 lakh.

What the Numbers Show

A notable divergence exists between the growth in operating revenue and the surge in other income. While revenue grew modestly by 10.3%, other income jumped nearly tenfold to ₹31.35 lakh from ₹3 lakh in the previous year’s quarter. This suggests that while core textile operations are stabilizing, non-operating gains played a disproportionately large role in improving the overall income statement position during the quarter.

Going Concern Risks

Auditors Doogar & Associates flagged material uncertainties related to the company’s ability to continue as a going concern. The report noted that current liabilities exceed current assets and that the company has incurred continuous losses over several years. Management maintains that the going concern basis is appropriate based on future business projections and mitigating factors, including improved operational performance.

Fund Utilization

The company also disclosed the utilization of funds raised through a preferential issue of equity shares in November 2025. Of the total proceeds of ₹1,076.56 lakh:

• ₹255 lakh was utilized to repay unsecured inter-corporate loans.
• ₹65 lakh was used to pay dues to workmen and employees.
• ₹456.56 lakh was allocated for working capital requirements.
• ₹232.61 lakh had been utilized for capital expenditure as of March 31, 2026, with an additional ₹26.69 lakh spent in Q1FY26.

As of June 30, 2026, ₹40.70 lakh remains unutilized for capital expenditure purposes. No deviation in the use of funds was reported.