SIP Industries Limited reported a net loss of ₹3.01 lakh for the quarter ended June 30, 2026, marking a substantial improvement from the ₹5.50 lakh loss recorded in the same period last year.

The board of directors approved the unaudited financial results on September 11, 2026, following a review by statutory auditors Murali & Venkat Chartered Accountants. The company continues to operate under a suspended listing status while pursuing reinstatement with the Bombay Stock Exchange (BSE).

Financial Performance

The company generated no revenue from operations during the quarter, consistent with its ongoing pre-commercial phase following the Corporate Insolvency Resolution Process (CIRP). Total expenditure stood at ₹3.01 lakh, primarily driven by employee benefits expenses of ₹1.75 lakh and other expenses of ₹1.26 lakh. This represents a decline from total expenses of ₹5.50 lakh in Q1FY26.

Earnings per share improved to -₹0.06 from -₹0.12 in the corresponding quarter of the previous year. Year-to-date losses for the nine-month period ending June 30, 2026, totaled ₹3.01 lakh, compared to ₹5.50 lakh in the same period of FY26.

Balance Sheet Position

As of June 30, 2026, SIP Industries held total assets of just ₹0.14 lakh, comprising cash and cash equivalents of ₹0.07 lakh and other current assets of ₹0.07 lakh. The company’s equity share capital remains at ₹467.64 lakh, but accumulated losses have eroded net worth to negative ₹603.71 lakh.

Total liabilities stood at ₹136.61 lakh, including non-current borrowings of ₹56.51 lakh, other financial liabilities of ₹30.82 lakh, trade payables of ₹2.53 lakh, and provisions of ₹46.35 lakh. Cash flow from operating activities resulted in an outflow of ₹1.19 lakh, offset by financing activities that added ₹1.19 lakh through increased borrowings.

What the Numbers Show

The narrowing net loss is entirely attributable to reduced operating expenses rather than revenue generation, as income from operations remained at zero. Employee benefits and other administrative costs accounted for 100% of the quarter’s expenditure, highlighting the company’s continued focus on minimal overhead management while awaiting commercial commencement.

Listing Status Update

The auditors’ report highlights a material uncertainty related to going concern due to the negative net worth. Management has filed multiple applications with the BSE, including a fresh listing application following the rejection of the previous submission. Pending matters include revocation of suspension, in-principal approval, and waivers for penalties and listing fees incurred during the CIRP period. Provisions of ₹26.77 lakh and ₹19.57 lakh have been created for potential fees associated with these regulatory processes.

SIP Industries Limited has scheduled its 36th Annual General Meeting for Wednesday, September 30, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

The company’s Board of Directors approved the appointment of Mrs. Bhageerathi as a Non-Executive Director for five years, subject to shareholder approval. The board also re-appointed Mr. Nangavaram Mahadevan Ranganathan as a director liable to retire by rotation.

Key Appointments and Approvals

The board approved several key administrative and compliance matters during the session held on September 8, 2026:

• Internal Auditor: Mr. Sivasankaran Packiampillai was appointed as Internal Auditor for FY27. He brings 38 years of experience from Bank of Baroda, where he retired as Senior Manager.
• Scrutinizer: M/s KRA & Associates was appointed as the Scrutinizer for the ensuing AGM.
• Director’s Report: The Director’s Report for the financial year ended March 31, 2026, was approved.

Mrs. Bhageerathi, an educationist with a Master of Arts and Bachelor of Education degree, retired as Headmistress of a government-aided secondary school in Kadayanalur in 2022. She is not related to any existing directors except Mr. Natesan Kameshwaron.

AGM Schedule and Voting Details

Shareholders holding shares as of the cut-off date will be eligible to vote. The remote e-voting period is scheduled between September 27 and September 29, 2026.

The book closure for the AGM will remain closed from Thursday, September 24, 2026, through Wednesday, September 30, 2026, both days inclusive.

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Natesan Kameshwaron, Whole-time Director.