Sylph Industries returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹727.51 lakh compared to a net loss of ₹92.81 lakh in the previous year. The turnaround was supported by a substantial increase in revenue from operations, which rose to ₹10778.54 lakh from ₹195.91 lakh in FY25. The company’s Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on June 1, 2026. Subsequently, the company published these audited financial results in The Economic Times (English edition) and Swadesh (Hindi edition) on June 4, 2026, under Regulation 33.

The standalone financial results for FY26 show a total income of ₹10862.13 lakh, up from ₹242.45 lakh in the prior year. Total expenses for the year stood at ₹10130.92 lakh. The company reported a profit before tax of ₹731.21 lakh for the year. For the quarter ended March 31, 2026, the net profit after tax was ₹393.86 lakh on a total income of ₹2331.72 lakh.

Segment Performance

The company’s revenue growth was primarily led by the Trading of Commodities including FMCG segment, which generated revenue of ₹9417.56 lakh for the year. The Solar segment reported revenue of ₹844.52 lakh, while the Construction Chemicals segment contributed ₹553.45 lakh. The Supply of Technical Services for Software Systems segment had no revenue for the year.

Financial Position and Cash Flows

The company’s total assets as of March 31, 2026, stood at ₹12557.02 lakh, compared to ₹8647.08 lakh in the previous year. Equity share capital increased to ₹12330.79 lakh from ₹3586.66 lakh. The cash flow statement shows a net increase in cash and cash equivalents of ₹15.37 lakh for the year, bringing the closing balance to ₹33.34 lakh.

Auditor’s Report

The statutory auditors, F H M S V & Co., issued an unmodified opinion on the standalone financial results. However, the auditors included an emphasis of matter regarding unsecured loans availed by the company and loans granted by it, noting that interest had not been provided for or recognized, respectively. Additionally, outstanding balances related to trade receivables, payables, and loans were subject to confirmations and reconciliations.

The auditors issued a qualified opinion on the consolidated financial results due to matters related to the company’s subsidiary, Maxrotth Foods Limited. The qualifications pertained to long-term loans and advances outstanding from relatives without repayment schedules or interest, and managerial remuneration paid in excess of limits prescribed under the Companies Act, 2013, without necessary approvals. The management stated that the impact of these qualifications does not affect the financial statements.

Sylph Industries Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Hasmukh Nanalal Shah as Executive-Managing Director. The Board of Directors, meeting at the registered office on June 02, 2026, decided to conduct the e-voting process to approve this key managerial position. The appointment is subject to the approval of the company's members.

The Board appointed Vishakha Agrawal and Associates, Practicing Company Secretaries, as the Scrutinizer to ensure the postal ballot is conducted fairly and transparently. The meeting was convened in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To determine the eligibility of members to participate in the e-voting process, the company has established a cut-off date of Friday, May 29, 2026. Shareholders holding shares as of this date will be entitled to vote on the resolution regarding the appointment of the Executive-Managing Director.

Mr. Hasmukh Nanalal Shah holds DIN 00398666. The filing was submitted to the Bombay Stock Exchange Ltd by Director Nilesh Jain (DIN: 07785023).