AYM Syntex Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a challenging performance with declining revenue and profitability. The synthetic yarn manufacturer's Board of Directors approved these results at their meeting held on February 13, 2026.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 7:00 p.m. and concluded at 8:30 p.m. on February 13, 2026, where directors considered and approved the standalone and consolidated unaudited financial results. The results were prepared under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reviewed by the Audit Committee before board approval.

Financial Performance Overview

The company's financial performance for Q3FY26 showed significant year-over-year declines across key metrics:

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, presented even more concerning trends for the company:

Cost Structure and New Labour Code Impact

Despite the revenue decline, the company's cost management showed mixed results. Cost of raw materials consumed decreased to ₹17,446 lakhs in Q3FY26 from ₹19,572 lakhs in Q3FY25. However, employee benefit expenses increased to ₹2,311 lakhs from ₹2,228 lakhs year-over-year. The company recognized an estimated incremental impact of ₹52.64 lakhs under employee benefits expense due to the implementation of New Labour Codes notified by the Government of India on November 21, 2025.

Corporate Developments and ESOP Allotments

Several significant corporate actions took place during the period:

The proposed merger with Mandawewala Enterprises Limited received "no adverse observations" from BSE and NSE on August 29, 2025. The scheme application was filed with NCLT Mumbai Bench on November 20, 2025.

Auditor Review and Compliance

Price Waterhouse Chartered Accountants LLP conducted the review of both standalone and consolidated financial results. The auditors provided unqualified review reports, confirming that the statements were prepared in accordance with applicable Accounting Standards under Section 133 of the Companies Act, 2013, and disclosed required information under SEBI Listing Regulations.

AYM Syntex operates exclusively in the synthetic yarn business, representing its single reportable segment under Ind AS 108. The company's paid-up equity share capital increased to ₹5,858 lakhs from ₹5,850 lakhs in the previous year, reflecting the ESOP allotments during the period.

AYM Syntex Limited has announced a board meeting scheduled for February 13, 2026, to review and approve the company's quarterly financial performance. The meeting has been convened in accordance with regulatory requirements to discuss crucial financial matters for the third quarter of fiscal year 2026.

Board Meeting Details

The board meeting is scheduled to address several key agenda items related to the company's financial performance:

Regulatory Compliance

The meeting has been scheduled pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to provide advance intimation to stock exchanges regarding board meetings that will consider financial results.

Company Secretary and Compliance Officer Kaushal Patvi has formally communicated the meeting details to both major stock exchanges where AYM Syntex shares are listed.

Stock Exchange Notification

The company has notified the following exchanges about the upcoming board meeting:

Financial Results Scope

The board will review comprehensive financial results covering both quarterly and nine-month performance periods. The results will include standalone financials of AYM Syntex Limited as well as consolidated financials incorporating subsidiary operations. The statutory auditor's limited review report will provide additional validation of the financial statements prepared by the management.

The meeting represents a standard corporate governance practice where the board formally approves financial results before their public disclosure to shareholders and the investment community.