Sudal Industries Limited reported a net loss of ₹90.59 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹569.78 lakh recorded in the previous year. The company's revenue from operations increased to ₹18,150.51 lakh for FY26, up from ₹15,474.89 lakh in the corresponding period last year. The statutory auditors have issued a qualified opinion on the financial results, highlighting a material uncertainty regarding the company's ability to continue as a going concern due to a sub-judice legal matter.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The audit was conducted by M/s. Bagaria & Co. LLP, Statutory Auditors of the Company. The auditors stated that the going concern assumption is presently dependent on the outcome of an appeal filed by the company before the Hon'ble Supreme Court against an order by the National Company Law Appellate Tribunal (NCLAT). As the matter is sub-judice, the auditors were unable to quantify the impact on net profit, cash flows, liabilities, and equity.

For the quarter ended March 31, 2026, the company reported a profit of ₹58.31 lakh, a decrease from ₹331.54 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹4,966.53 lakh. Expenses for the full year totaled ₹17,791.74 lakh, higher than the ₹14,746.63 lakh reported in FY25. The company noted that an impairment loss on Property, Plant and Equipment (PPE) of ₹266.81 lakh was included in the expenses for the quarter.

The legal dispute involves an appeal filed by an unsecured financial creditor. The NCLAT had set aside the company's Prepackage Insolvency Resolution Plan (PIRP) approved by the National Company Law Tribunal (NCLT) in August 2023. Following the NCLT order, the company had paid ₹12,540.97 lakh to secured and unsecured financial creditors and written back liabilities during the quarter ended September 30, 2023. The Supreme Court granted a stay on the NCLAT order on October 4, 2024.

Financial Performance for FY26

The following table summarizes the financial results for Sudal Industries Limited for the year ended March 31, 2026:

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹6,349.66 lakh, a slight decrease from ₹6,408.56 lakh in the previous year. Total equity decreased to ₹2,383.42 lakh from ₹2,486.71 lakh, while total liabilities increased to ₹3,966.24 lakh from ₹3,921.85 lakh. Cash and cash equivalents reduced significantly to ₹72.88 lakh from ₹160.74 lakh at the end of FY25.

Sudal Industries Limited has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda of the meeting is to consider and approve the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The board will also review the report of the auditors regarding these financial statements.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window for dealing in the securities of Sudal Industries Limited is currently closed. This restriction applies to all insiders, including designated persons and their immediate relatives.

The closure period began on Wednesday, April 1, 2026. The window will remain shut until Tuesday, June 2, 2026, which marks the expiry of 48 hours after the declaration of the audited financial results.

Meeting Details

The board meeting is convened under Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation regarding the meeting was addressed to the General Manager of the Department of Corporate Affairs at BSE Limited.