shyam telecom reported a net loss of ₹502.03 crore for the financial year ended March 31, 2026, widening from a net loss of ₹183.75 crore in the previous year. The company disclosed that its net worth has been fully eroded and current liabilities exceed current assets substantially, although the financial results were prepared on a going concern basis as operations continue.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 26, 2026. The company clarified to the National Stock Exchange of India Limited that a note relating to balancing figures was inadvertently omitted from the initial outcome of the board meeting submission. The omission was attributed to an oversight during the compilation of the disclosure, and the company assured the exchange that there was no intention to withhold material information.

Financial Performance

The company reported a total revenue of ₹38.24 lakh for FY26, down from ₹13.86 lakh in the previous year. Total expenditure for the year rose significantly to ₹539.99 lakh from ₹187.73 lakh in FY25. The profit before exceptional items and tax stood at a loss of ₹501.75 lakh for FY26, compared to a loss of ₹173.87 lakh in the preceding year.

For the quarter ended March 31, 2026, the company reported a net loss of ₹35.52 lakh. Total revenue for the quarter was ₹12.68 lakh, while total expenses amounted to ₹48.05 lakh.

Key Financial Metrics

Balance Sheet and Cash Flows

The total assets of the company stood at ₹1,260.66 lakh as of March 31, 2026, decreasing from ₹1,759.64 lakh in the previous year. Equity share capital remained constant at ₹1,127 lakh. Other equity showed a negative balance of ₹4,428.98 lakh for FY26, compared to a negative balance of ₹3,929.01 lakh in FY25.

The cash flow statement revealed a net cash outflow from operating activities of ₹3.99 lakh for FY26. Cash and cash equivalents at the end of the year were ₹11.79 lakh, down from ₹14.03 lakh at the beginning of the year. The net cash flow from investing activities was positive at ₹1.75 lakh, while there were no cash flows from financing activities.

The financial results were prepared in accordance with the Indian Accounting Standards (Ind-AS) prescribed under the Companies Act, 2013. The company operates in the trading business in India and has only one reportable operating segment as per Ind-AS 108.

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.