SIP Industries Limited has filed a clarification with BSE Limited regarding the resignation of its Company Secretary and Compliance Officer, addressing a technical oversight in the original regulatory filing.

Clarification Details

The company submitted the clarification on 31.03.2026 to rectify an incomplete filing made earlier on 28/2/2026 at 1:05:30 PM. The original intimation regarding Ms. Smriti Joy's resignation was missing a crucial document required under regulatory guidelines.

Resignation Information

Ms. Smriti Joy tendered her resignation from the position of Company Secretary and Compliance Officer with effect from 28.02.2026. Her resignation letter, dated 16-02-2026, cited professional reasons for the decision.

The resignation letter was addressed to the Board of Directors at the company's registered office located at Module 27, 2nd Floor Block 1 SIDCO Electronic Complex, Thiru-Vi-Ka Industrial Estate, Guindy Industrial Estate, Chennai, Tamil Nadu, India, 600032.

Regulatory Compliance

The company acknowledged that due to a technical oversight, the formal resignation letter was not annexed to the PDF in the original filing as required under Regulation 30 of the SEBI (LODR) Regulations, 2015. To ensure complete compliance, SIP Industries Limited has now enclosed the resignation letter with the clarification filing.

The clarification was signed by Samiayya Arularasan, Managing Director (DIN: 09407539), on behalf of SIP Industries Limited. The company requested BSE to treat this submission as a complete filing in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, while noting that all other details mentioned in the previous intimation remain unchanged.

SIP Industries Limited announced its unaudited financial results for the quarter ended 31st December, 2025, reporting a net loss of ₹6.36 lakhs with zero revenue from operations. The Chennai-based company's performance reflects ongoing operational challenges as it continues to incur expenses without generating revenue.

Financial Performance Overview

The company's quarterly results show a deterioration in financial performance compared to the previous quarter and year-over-year comparisons. Total expenses for Q3 FY26 amounted to ₹6.36 lakhs, comprising employee benefit expenses and other operational costs.

Nine-Month Performance Analysis

For the nine months ended 31st December, 2025, SIP Industries reported significantly higher losses compared to the corresponding period in the previous year. The cumulative net loss expanded substantially, indicating sustained operational difficulties.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) for Q3 FY26 stood at ₹0.14 loss for both basic and diluted calculations. The paid-up equity share capital remained stable at ₹467.64 lakhs with a face value of ₹10 per share. For the nine-month period, the EPS loss was ₹1.40 compared to ₹0.28 loss in the previous year.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 14th February, 2026. The results have been subjected to review by the company's Statutory Auditors and prepared in accordance with Indian Accounting Standards (Ind AS). The company reported no investor complaints during the quarter and has made the results available on the Bombay Stock Exchange and its website.