Srigee DLM Limited , a company listed on the BSE SME platform, has released its revised unaudited financial results for the half-year ended September 30, 2025, revealing a mixed performance with a decline in revenue but an increase in other income.

Revenue Decline Amid Profit Decrease

The company reported revenue from operations of ₹2,088.21 crore for the first half of the fiscal year 2025-26, compared to ₹3,607.47 crore in the corresponding period of the previous year, representing a decrease of 42.11%. This figure represents approximately 29.31% of the ₹7,123.39 crore revenue reported for the entire fiscal year 2024-25.

Srigee DLM's profit after tax (PAT) for H1 2025-26 stood at ₹134.15 crore, marking a decrease from ₹230.71 crore in H1 2024-25. However, the company saw a significant increase in other income to ₹53.77 crore from ₹7.95 crore in the same period last year.

Financial Highlights

Balance Sheet Strengthens

The company's balance sheet as of September 30, 2025, shows a significant improvement in its financial position. Total assets increased to ₹6,687.76 crore from ₹3,267.35 crore as of March 31, 2025. This growth is primarily attributed to an increase in current assets, particularly in inventories and cash and bank balances.

IPO Fund Utilization

Srigee DLM Limited, which went public in May 2025, raised ₹169.77 crore through its initial public offering (IPO). The company has provided an update on the utilization of these funds:

1. ₹54.28 crore allocated for setting up a new manufacturing facility remains unutilized.
2. Out of ₹95.10 crore earmarked for machinery acquisition, ₹11.80 crore has been utilized, with ₹83.30 crore remaining.
3. ₹4.99 crore allocated for general corporate purposes has been fully utilized.
4. ₹15.40 crore was set aside for IPO-related expenses, of which ₹14.11 crore has been used.

Looking Ahead

As Srigee DLM Limited navigates through the fiscal year 2025-26, investors and market observers may be watching closely to see how the company utilizes its IPO proceeds and manages its growth strategy in the face of current market conditions.

Note: All figures are based on the unaudited financial results provided by the company and are subject to review and potential adjustments.

Srigee DLM , a company listed on the Bombay Stock Exchange (Scrip Code: 544399), has announced several key decisions following its Board of Directors meeting held on September 5, 2025. The meeting, which took place at the company's registered office, lasted from 2:00 PM to 3:10 PM and resulted in significant developments for the company and its shareholders.

Change in Manufacturing Facility Location

One of the most notable decisions was the approval of a variation in the company's Initial Public Offer (IPO) objects. The Board has decided to change the location of its proposed manufacturing facility from Plot No. 15, Ecotech–X, Industrial Area, Greater Noida, to Plot No. R-11A, Integrated Industrial Township, Greater Noida – 201310. This decision was made due to the availability of a larger plot at the new location.

The company assured shareholders that there would be no change in the proposed utilization of IPO proceeds in terms of amounts. The variation pertains solely to the change in location. Any additional costs arising from the larger facility will be met through internal accruals or other sources.

Appointment of Secretarial Auditor

The Board has appointed M/s HM & Associates, Practicing Company Secretaries from Ahmedabad, as the company's Secretarial Auditor. The appointment is for a term of five consecutive years, from FY 2025-26 to FY 2029-30. M/s HM & Associates is a peer-reviewed firm registered with the Institute of Company Secretaries of India (ICSI), specializing in Secretarial Audits, Due Diligence, Corporate Restructuring, and Advisory services under the Companies Act and SEBI Regulations.

20th Annual General Meeting

Srigee DLM has scheduled its 20th Annual General Meeting (AGM) for September 30, 2025, at 10:00 AM. The meeting will be held at Plot 39 and 40 Udyog Vihar Extension, Ecotech II, Greater Noida, Uttar Pradesh, India, 201306.

Key dates related to the AGM include:

Other Approvals

The Board has also approved the following:

1. The Board's Report for the Financial Year 2024-2025
2. The Notice of the 20th AGM
3. The 20th Annual Report of the company

It's important to note that both the manufacturing facility location change and the appointment of the new Secretarial Auditor are subject to shareholder approval at the upcoming AGM.

These decisions reflect Srigee DLM's commitment to growth and corporate governance. The change in manufacturing facility location suggests the company's plans for expansion, while the appointment of a new Secretarial Auditor for a five-year term indicates a focus on maintaining robust compliance practices.