Syschem (India) Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company’s net profit for the fiscal year rose to ₹1,092.90 lakh, compared to ₹46.01 lakh in the previous year. Revenue from operations for the year stood at ₹65,462.60 lakh, a substantial increase from ₹38,623.10 lakh in FY25.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹174.28 lakh. Revenue from operations for the quarter was ₹24,830.20 lakh, while total income from operations reached ₹24,830.56 lakh. Total expenses for the quarter were reported at ₹24,270.44 lakh.

Financial Performance

The company’s financial statements show a strong improvement in profitability across both the quarterly and annual periods. The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, were reported at ₹2.50 and ₹1.93 respectively. In comparison, the EPS for the previous year was ₹0.115 and ₹0.109.

The following table summarizes the key financial metrics for the quarter and year ended March 31, 2026:

Board Decisions

During the Board meeting held on May 25, 2026, the directors approved the audited financial results. Additionally, the Board approved the appointment of Mr. Anoop Kumar as the Internal Auditor of the company for the financial year 2026-27, based on the recommendation of the Audit Committee.

The Board also appointed M/s CL Bansal & Associates as the Cost Auditors for the financial year 2026-27, subject to the ratification of remuneration by shareholders, if applicable. The statutory auditors issued an unmodified opinion on the audited financial results for the year ended March 31, 2026.

Syschem (India) Limited has submitted its quarterly compliance statement to BSE Limited, confirming no deviation or variation in the utilization of proceeds from its preferential issue for the quarter ended March 31, 2026. The statement was filed under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company completed its preferential issue on March 13, 2026, raising a total amount of Rs. 20,21,25,000. The fund raising was approved by shareholders on January 20, 2025, following the notice of shareholders meeting dated December 24, 2024.

Fund Utilization Breakdown

The preferential issue proceeds were allocated across four primary objectives with specific allocations:

During the quarter ended March 31, 2026, the company utilized Rs. 2021.25 lakhs exclusively for meeting working capital requirements, which aligns with the original allocation plan.

Audit Committee Review

The Audit Committee conducted a comprehensive review of the funds utilization report presented by the Board. Following their assessment, the committee concluded that the funds were utilized for the purposes for which they were raised, as prescribed in the Notice of Shareholders Meeting dated December 24, 2024.

Compliance Confirmation

The company confirmed that there was no deviation or variation in the use of proceeds during the reporting quarter. All fund utilization remained within the approved framework, with no modifications to the original objects or allocations. The statement was duly signed by Company Secretary and Compliance Officer Shikha Kataria and Chief Financial Officer Sanjeev Agrawal, ensuring proper corporate governance compliance.

The filing demonstrates Syschem's adherence to regulatory requirements and transparent reporting of fund utilization to stakeholders and regulatory authorities.