News Earnings Siddha Ventures Reports Q3 FY26 Net Loss, Appoints M/s Vidhya Baid & Co as Secretarial AuditorSiddha Ventures Reports Q3 FY26 Net Loss, Appoints M/s Vidhya Baid & Co as Secretarial Auditor
Siddha Ventures Limited announced Q3 FY26 results showing net loss of ₹100.83 lakhs versus ₹2,766.58 lakhs in Q3 FY25, with total income rising 21.35% to ₹4.49 lakhs. The company appointed experienced firm M/s Vidhya Baid & Co as new Secretarial Auditor to replace resigned M/s Dash M & Associates, effective until March 2026 AGM.
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Siddha Ventures Limited released its unaudited financial results for the third quarter of fiscal year 2026, showing continued losses albeit at reduced levels compared to the previous year. The company's Board of Directors approved these results in a meeting held on February 6, 2026, and also addressed key governance matters including the appointment of a new secretarial auditor.
Financial Performance for Q3 FY26
The company reported a net loss of ₹100.83 lakhs for the quarter ended December 31, 2025, representing a significant improvement from the net loss of ₹2,766.58 lakhs recorded in the same quarter of the previous fiscal year.
| Financial Metric: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Total Income: | ₹4.49 lakhs | ₹3.70 lakhs | +21.35% |
| Revenue from Operations: | Nil | Nil | - |
| Other Income: | ₹4.49 lakhs | ₹3.70 lakhs | +21.35% |
| Total Expenses: | ₹104.72 lakhs | ₹2,770.25 lakhs | -96.22% |
| Net Loss: | ₹100.83 lakhs | ₹2,766.58 lakhs | -96.36% |
| EPS (Basic & Diluted): | ₹(1.01) | ₹(27.67) | Improved |
The company recorded no revenue from operations during Q3 FY26, with total income comprising entirely of other income amounting to ₹4.49 lakhs. Total expenses for the quarter stood at ₹104.72 lakhs, primarily driven by changes in value of shares traded worth ₹102.52 lakhs.
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, Siddha Ventures reported total income of ₹120.69 lakhs, including revenue from operations of ₹107.14 lakhs and other income of ₹13.55 lakhs. The company incurred a net loss of ₹112.76 lakhs for this period, compared to a loss of ₹2,462.65 lakhs in the corresponding nine-month period of the previous year.
| Nine-Month Metrics: | FY26 (9M) | FY25 (9M) | Change |
|---|---|---|---|
| Total Income: | ₹120.69 lakhs | ₹344.25 lakhs | -64.94% |
| Revenue from Operations: | ₹107.14 lakhs | ₹335.55 lakhs | -68.07% |
| Net Loss: | ₹112.76 lakhs | ₹2,462.65 lakhs | -95.42% |
| EPS (Basic & Diluted): | ₹(1.13) | ₹(24.63) | Improved |
Secretarial Auditor Appointment Details
The Board appointed M/s Vidhya Baid & Co, Company Secretaries as the new Secretarial Auditor to fill the casual vacancy arising from the resignation of M/s Dash M & Associates on November 24, 2025. The appointment is effective for Financial Year 2025-2026 and will continue until the conclusion of the Annual General Meeting for March 2026.
| Auditor Details: | Information |
|---|---|
| Firm Name: | M/s Vidhya Baid & Co |
| Membership No: | FCS 8882, C.P. No. 8686 |
| Office Address: | 35 Armenian Street, Room No.39, 3rd Floor, Kolkata-700001 |
| Email: | vidhyabaid@gmail.com |
| Experience: | 15+ years in Secretarial Audit and Corporate Compliance |
| Appointment Date: | February 6, 2026 |
Ms. Vidhya Baid, the proprietor of the firm, is a Masters in Commerce and Fellow Member of Institute of Company Secretaries of India. She is also a registered Insolvency Professional, and the firm holds a valid certificate issued by the Peer Review Board of ICSI.
Corporate Governance and Financial Position
The Board meeting, which commenced at 3:00 PM and concluded at 4:30 PM on February 6, 2026, addressed the auditor appointment as part of regulatory compliance under Regulation 30 of SEBI Listing Regulations. The company maintains a paid-up equity share capital of ₹999.80 lakhs with a face value of ₹10 per share.
The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors Damle Dhandhania & Co, who expressed an unmodified opinion. Siddha Ventures operates in a single business segment and reported no exceptional items during the quarter under review.
Historical Stock Returns for Siddha Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.95% | -8.57% | -3.33% | -13.41% | -57.10% | +228.93% |
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