SGL Resources Limited , formerly known as Scanpoint Geomatics Limited, has reported a consolidated net loss for the first quarter of the fiscal year 2026, as the company faced a significant decline in revenue across its business segments.

Financial Performance

The company's unaudited financial results for the quarter ended June 30, 2025, revealed a consolidated net loss of Rs. 2.52 lakhs, a stark contrast to the profit of Rs. 45.58 lakhs recorded in the same quarter of the previous year. This downturn was primarily driven by a substantial decrease in revenue from operations, which fell to Rs. 471.61 lakhs from Rs. 1,774.90 lakhs year-on-year, marking a 73.4% decline.

Segment-wise Revenue Breakdown

SGL Resources operates across four business segments, each contributing to the overall revenue:

The Geo-Spatial Technology Development and Services segment, which was the company's mainstay in the previous year, saw a significant reduction in revenue, contributing only Rs. 31.61 lakhs in the current quarter.

Cost Management

Despite the revenue decline, SGL Resources managed to reduce its total expenses to Rs. 453.04 lakhs, down from Rs. 1,684.04 lakhs in the corresponding quarter of the previous year. This cost reduction helped mitigate the impact of lower revenues on the company's bottom line.

Management Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on September 19, 2025. Kantilal Ladani, Whole Time Director & CFO of SGL Resources Limited, signed off on the results, indicating the management's oversight of the company's financial position.

Outlook

While the company has not provided specific forward-looking statements, the diversification of revenue streams across different segments suggests efforts to create multiple growth avenues. However, the significant year-on-year decline in revenue, particularly in the Geo-Spatial Technology segment, may pose challenges for SGL Resources in the coming quarters.

The management's strategies to boost revenue and maintain cost efficiencies will be crucial in determining the company's financial trajectory for the remainder of FY2026.

SGL Resources has announced a delay in submitting its unaudited financial results for the quarter ended June 30. The company, which operates in the real estate sector, attributes this delay to pending finalization of its annual financial statements for the previous fiscal year.

Reasons for Delay

The delay in quarterly results stems from a series of events that unfolded in early September:

1. On September 4, SGL Resources disclosed its financial results for the quarter and year ended March.
2. On the same day, the company's statutory auditor resigned.
3. Effective September 5, M/s Ram Chandak & Associates was appointed as the new statutory auditor to fill the casual vacancy.

Current Status and Assurances

SGL Resources has informed the BSE that the audit process for the June quarterly results is currently underway. The company has emphasized that the delay is procedural in nature and has assured stakeholders that it will submit the results as soon as possible.

Upcoming Board Meeting

In a separate announcement, SGL Resources has scheduled a Board of Directors meeting for Friday, September 19. The meeting agenda includes:

1. Consideration and approval of unaudited standalone and consolidated financial results for the quarter ended June 30.
2. Any other business with the permission of the chair.

Annual General Meeting and Book Closure

The company has also announced its 33rd Annual General Meeting (AGM) details:

• Date: Tuesday, September 30
• Time: 03:00 P.M. IST
• Mode: Video Conferencing (VC) or Other Audiovisual Means (OAVM)

In preparation for the AGM, SGL Resources has declared a book closure period from Wednesday, September 24, to Tuesday, September 30 (both days inclusive). The cut-off date for remote e-voting eligibility has been set as Friday, September 19.

Company Information

SGL Resources, with the CIN L22219GJ1992PLC017073, has its registered and corporate office at 506, Fifth Floor, Venus Atlantis, 100 Ft Road, Near Shell Petrol Pump, Prahlad Nagar, Ahmedabad, Gujarat, India - 380015.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the submission of its delayed quarterly results and the outcomes of the upcoming board meeting and AGM.