Sreechem Resins Limited has issued a clarification regarding its upcoming board meeting scheduled to consider the company's unaudited financial results for the third quarter of fiscal year 2026. The company confirmed that the board meeting will be held on February 05, 2026, at 04.00 PM at the corporate office, addressing an inadvertent error in the earlier filing.

Clarification Notice Details

On February 03, 2026, the company submitted a clarification to BSE Limited regarding the board meeting notice that was originally filed on January 28, 2026. The clarification was signed by Vikram Kabra, Wholetime Director (DIN: 00746232), who acknowledged that due to an inadvertent human error, the date of the board meeting was incorrectly selected as February 04, 2026 at certain places while filing the intimation on the BSE Listing Portal.

Original Board Meeting Notice

The company had initially notified BSE Limited about the board meeting on January 28, 2026, in compliance with Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to consider, approve and take on record the unaudited financial results for the quarter and nine months ended December 31, 2025.

Trading Window Restrictions Continue

The company has maintained its trading window closure that was initially announced on December 27, 2025. In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal "Code of Conduct for Internal Procedures and to Regulate, Monitor and Report Trading by Insiders," the trading window will remain closed until 48 hours after the declaration of the unaudited financial results.

Compliance and Stakeholder Advisory

Sreechem Resins Limited has advised all covered persons under its insider trading code to refrain from dealing in company securities during the restricted period. The advisory applies to promoters, directors, designated employees, and all persons covered under the company's insider trading code. The company has requested all stakeholders to take the clarified meeting date on record and regretted the inadvertent error in the original filing.

Sreechem Resins Limited , a company operating in the resin industry, has reported a widened net loss for the second quarter of the fiscal year 2026. The company's financial performance shows challenges in revenue generation and profitability.

Financial Highlights

Key Observations

Revenue and Profitability

• Sreechem Resins experienced a significant quarter-on-quarter decrease in revenue from operations, dropping from Rs. 654.22 lakhs in Q1 FY2026 to Rs. 107.80 lakhs in Q2 FY2026.
• The company's net loss expanded to Rs. 66.95 lakhs in Q2 FY2026, compared to a loss of Rs. 13.46 lakhs in the previous quarter.
• For the half-year, the cumulative loss stood at Rs. 133.25 lakhs, a substantial increase from the Rs. 30.25 lakhs loss reported in the corresponding period of the previous fiscal year.

Financial Metrics

• The basic and diluted EPS for Q2 FY2026 was reported at Rs. (1.31), reflecting the impact of the increased losses on shareholder value.
• The company's cash and cash equivalents decreased marginally to Rs. 7.83 lakhs from Rs. 8.17 lakhs, indicating a slight deterioration in liquidity.

Half-Yearly Performance

• For the first half of FY2026, Sreechem Resins reported total income of Rs. 1,517.88 lakhs, down from Rs. 1,708.43 lakhs in the same period last year, representing a year-on-year decline of approximately 11.15%.

Corporate Actions

The Board of Directors of Sreechem Resins Limited approved these unaudited financial results in their meeting held on November 12, 2025. The company has not provided specific comments on the factors contributing to the widened losses or any strategic initiatives to improve performance in the near term.

Market Implications

The reported financial results may raise concerns among investors regarding the company's operational efficiency and market position. The significant quarter-on-quarter revenue decline and expanding losses could potentially impact investor confidence and may lead to increased scrutiny of the company's business model and growth strategies.

As the resin industry continues to face various market pressures, Sreechem Resins' performance in the coming quarters will be crucial in determining its ability to navigate through the current financial headwinds and return to profitability.