Panyam Cements & Mineral Industries Limited has announced its unaudited financial results for the first quarter of FY26, revealing a net loss of ₹18.89 crores for the quarter ended June 30, 2025. The company's board of directors approved these results during their meeting held on December 27, 2025, conducted through video conferencing from 3:00 PM to 4:00 PM IST.

Financial Performance Overview

The company's financial performance for Q1FY26 shows significant operational challenges compared to the previous year. The following table presents the key financial metrics:

Board Meeting Outcomes and Regulatory Compliance

The board of directors, in their meeting held on December 27, 2025, transacted key business items including the consideration and approval of unaudited financial results as reviewed and recommended by the Audit Committee. The board also took note of the Limited Review Report on the unaudited financial results prepared by statutory auditors K S Rao & Co.

Operational Expenses Analysis

The company's expense structure reveals several notable trends during the quarter. Total expenses amounted to ₹21.60 crores compared to ₹50.04 crores in the corresponding previous quarter. Key expense components include:

The company experienced a positive change in inventories of ₹1.20 crores, indicating a reduction in finished goods and work-in-progress inventory levels.

Operational Updates and Factory Resumption

According to the company's disclosure, factory operations resumed from June 26, 2025, following routine plant maintenance activities. This operational restart occurred near the end of the quarter, which contributed to the significantly reduced revenue from operations. The company also made a payment of ₹22 lakhs to wage board employees during the quarter, classified under advances to employees.

Comprehensive Income and Regulatory Disclosures

Panyam Cements & Mineral Industries reported total comprehensive income loss of ₹18.88 crores for Q1FY26, which includes other comprehensive income of ₹0.66 lakhs from net gains on fair value through other comprehensive income equity securities. The financial results have been prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013. The company will publish these results in newspapers as required under Regulation 47 of SEBI LODR Regulations, 2015, with Company Secretary Seshi Kumar Chiluka overseeing compliance requirements.

Panyam Cements & Mineral Industries has provided a formal clarification to the Bombay Stock Exchange (BSE) regarding the delay in submitting its financial results for the period ended September 30, 2025. The company's response came following a BSE inquiry dated December 4, 2025, seeking reasons for the non-disclosure of delay factors.

Key Personnel Resignations

The company reiterated the timeline of crucial resignations that led to the delay:

Company's Detailed Explanation

In its December 10, 2025 communication signed by Managing Director Jagathrakshakansrinisha (DIN: 01728749), Panyam Cements outlined specific challenges:

Operational Difficulties

• Coordination Issues: Absence of key personnel created difficulties in coordinating with the company's audit team
• Management Guidance Gap: The board and management lacked proper advice and guidance without the CFO and Company Secretary
• Process Delays: The audit and financial results process faced inadvertent delays due to personnel gaps

Attempted Compliance Efforts

The company disclosed that it attempted to convene and hold a board meeting to consider and declare the financial results. However, without suitable guidance and awareness of regulatory provisions, management could not finalize the necessary steps to inform about the delay and account for it properly.

Formal Apology and Assurances

Panyam Cements expressed sincere apologies for the inadvertent delay and provided comprehensive assurances to the exchange:

Market Impact and Outlook

This formal clarification demonstrates the company's commitment to transparency and regulatory compliance. The detailed explanation to BSE shows Panyam Cements' efforts to address internal challenges while maintaining open communication with regulators. The company's proactive approach in providing comprehensive details about the delay factors may help restore confidence among stakeholders and ensure smoother operations going forward.