Shyam Telecom Limited reported a net loss of ₹502.03 crore for the financial year ended March 31, 2026, widening from the net loss of ₹183.75 crore in the previous year. The company’s revenue from operations remained nil for the quarter and year ended March 31, 2026, while total revenue stood at ₹38.24 lakh for the year, driven by other income. The Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, during a meeting held on May 26, 2026.

The financial statements were prepared on a going concern basis despite the company’s net worth being fully eroded and current liabilities exceeding current assets substantially. Independent auditor Padam Dinesh & Co. highlighted these material uncertainties in its report, noting that the conditions cast significant doubt on the company’s ability to continue as a going concern. However, the management believes operations will continue, justifying the accounting treatment.

Financial Performance

The company reported a total comprehensive loss of ₹499.97 crore for FY26, compared to a loss of ₹184.81 crore in FY25. For the quarter ended March 31, 2026, the net loss was ₹35.52 lakh. Employee benefit expenses for the year rose to ₹138.29 lakh from ₹133.72 lakh in the previous year, while depreciation and amortisation expenses stood at ₹13.42 lakh.

Board Decisions and Auditor Appointment

In addition to the financial results, the Board re-appointed M/s. D R & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The firm, registered with FRN 018213N, will conduct the internal audit of the company’s functions and activities. The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors provided an unmodified opinion on the audited financial results. Vinod Raina, Chief Financial Officer, declared that no modified or qualified opinions were expressed in the audit report. The trading window, which closed on April 1, 2026, will remain closed until 48 hours after the declaration of these results.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial results for the quarter and year ended March 31, 2026 were published in the newspapers Financial Express and Jansatta on May 27, 2026.

Shyam Telecom Limited has filed its annual declaration with the stock exchanges regarding the encumbrance status of its shares for the financial year ended March 31, 2026. The disclosure, submitted on April 6, 2026, confirms that no new encumbrance has been created on the shares of shyam telecom during the period under review.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to annually declare whether any shares have been encumbered. The company stated that apart from those previously disclosed to the exchanges, there have been no additional encumbrances during the financial year.

The declaration was submitted on behalf of the promoters and the promoter group. The document was addressed to the Department of Corporate Services at the Bombay Stock Exchange Limited (BSE) and the Listing Department at the National Stock Exchange of India Limited (NSE) for their information and records.

Promoter Group Details

The declaration covers the following individuals and entities classified as promoters of the company:

The disclosure was signed by Ajay Khanna, a promoter of the company, on April 6, 2026, in New Delhi.