Standard Shoe Sole And Mould (India) Ltd narrowed its net loss to ₹11.61 lakh for the financial year ended March 31, 2026, from ₹18.56 lakh in the previous year, with zero revenue from operations. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditor, S. Daga & Co., issued an unmodified opinion on the standalone financial results.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹4.24 lakh, compared to a loss of ₹6.21 lakh in the corresponding period of the previous year. Total expenses for the quarter stood at ₹4.24 lakh, comprising employee benefit expenses of ₹0.75 lakh and other expenses of ₹3.49 lakh. The company reported no revenue from operations or other income during the period.

Paid-up equity share capital remained constant at ₹518.15 lakh. Earnings per share (basic) for FY26 were reported at (0.22), an improvement from (0.36) in the prior year. Reserves excluding revaluation reserve stood at (609.13) lakh as of March 31, 2026, compared to (597.52) lakh in the previous year.

Financial Performance Summary

The company's cash flow statement indicates a net increase in cash and cash equivalents of ₹1.47 lakh for FY26, bringing the closing balance to ₹1.56 lakh. This was primarily driven by financing activities, which included short-term loans from directors amounting to ₹14.05 lakh. Cash used in operating activities was ₹12.58 lakh.

The board meeting, which commenced at 12:30 p.m. and concluded at 4:10 p.m., also reviewed the company's compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rakesh Kolla, Whole-time Director, signed the disclosures on behalf of the company.