SVC Industries Limited reported a widened net loss of ₹257.11 lakh for the financial year ended March 31, 2026, compared to a loss of ₹157.71 lakh in the previous year, as operational costs surged. The company's total income rose to ₹493.86 lakh from ₹250.70 lakh in FY25, primarily driven by agri product sales which amounted to ₹423.09 lakh. Despite the revenue growth, total expenses increased significantly to ₹750.97 lakh, outpacing income gains and deepening the net loss for the period.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during its meeting held on May 28, 2026. The statutory auditors issued an unmodified opinion on the financial results. Additionally, the Board re-appointed M/s. S.K. Khandelwal, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The company also reviewed and approved related party transactions for the half-year ended March 31, 2026.

Financial Performance

The company's financial results for FY26 reflect a shift in business activity towards agri product trading, which contributed ₹423.09 lakh to the revenue from operations, compared to ₹66.32 lakh in the previous year. Lease rent income stood at ₹68.90 lakh, slightly higher than the ₹65.07 lakh recorded in FY25. However, the cost of materials consumed and purchases of stock in trade, which were minimal in the prior year, rose to ₹7.48 lakh and ₹348.89 lakh respectively, impacting profitability.

Assets and Liabilities

The balance sheet size contracted marginally, with total assets decreasing to ₹44,198.85 lakh as of March 31, 2026, from ₹44,425.98 lakh in the previous year. Non-current assets remained largely stable at ₹44,170.77 lakh. Current assets dropped to ₹28.08 lakh from ₹68.73 lakh, driven by a reduction in inventories. On the liabilities side, total equity decreased to ₹26,546.52 lakh from ₹26,803.63 lakh, while current liabilities increased to ₹85.30 lakh from ₹55.38 lakh.

Key Disclosures

The financial statements include significant notes regarding contingent liabilities and negotiations. The company is in negotiations to settle outstanding dues towards debenture holders, noting that a reliable estimate for additional interest and charges cannot be made, and hence no provision has been made under Ind AS 37. Furthermore, the company has requested an extension for the payment of the balance amount due under a One Time Settlement with Pradeshia Industrial & Investment Corporation of U.P. Limited (PICUP). The company has also received notices from the Income-tax Department for Assessment Years 2018-19 and 2022-23 but has not made any provisions, expressing confidence that the proposed additions will be deleted at the appellate stages.

SVC Industries Limited has announced that its board meeting is scheduled to be held on Thursday, May 28, 2026, at 02:30 p.m. The meeting will take place at the company's registered office located at 501, OIA House, 470 Cardinal Gracious Road, Andheri (East), Mumbai – 400099.

The primary agenda for the meeting is to consider and approve the audited financial results for the fourth quarter and the financial year ended March 31, 2026. This disclosure is made in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has informed its directors, designated persons, and their immediate relatives about the closure of the trading window. The window for trading in the company's equity shares has been closed since April 1, 2026, and will remain shut until the expiry of 48 hours from the date the financial results are made public.

Meeting Details