Suryo Foods & Industries Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing a challenging period with increased losses despite improved other income. The company's Board of Directors approved these results during their meeting held on January 19, 2026, at the registered office in Bhubaneswar, Odisha.

Q3FY26 Financial Performance

The company reported a net loss of ₹5.87 lakh for Q3FY26, significantly higher than the ₹0.79 lakh loss recorded in the corresponding quarter of the previous year. This represents a substantial deterioration in quarterly performance, primarily driven by a sharp increase in total expenses.

Revenue and Income Analysis

The company continues to operate without revenue from operations, with total income comprising entirely of other income. Other income showed positive growth, increasing to ₹13.61 lakh in Q3FY26 from ₹8.64 lakh in Q3FY25, representing a growth of 57.52%. This improvement in other income provided some cushion against the rising expense burden.

Expense Structure and Cost Management

Total expenses witnessed a dramatic increase to ₹19.48 lakh in Q3FY26 compared to ₹9.43 lakh in the previous year's corresponding quarter. The expense breakdown reveals specific areas of concern:

Other expenses emerged as the primary driver of increased costs, surging by 339.57% to ₹14.33 lakh. Employee benefit expenses also increased by 47.48% to ₹2.05 lakh, while depreciation expenses decreased by 35.15% to ₹3.10 lakh.

Nine-Month Performance Overview

Despite the challenging quarterly results, the company's nine-month performance showed resilience. For the period ended December 31, 2025, Suryo Foods achieved a net profit of ₹1.10 lakh, successfully reversing from a loss of ₹0.66 lakh in the corresponding nine-month period of the previous year.

Corporate Governance and Compliance

The Board meeting, chaired by CEO and Director Aditya Dash, commenced at 11:30 AM and concluded at 1:00 PM on January 19, 2026. The directors took on record the quarterly compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, and approved the unaudited financial results along with the limited review report. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the audit committee before board approval. Sanjit Mohanty & Co., Chartered Accountants, conducted the limited review and confirmed that the financial statements comply with applicable accounting standards and regulatory requirements.

Suryo foods & industries Limited has announced the rescheduling of its Board of Directors meeting that was originally scheduled for January 9, 2026. The meeting was planned to deliberate on various matters concerning a proposed Rights Issue, but has now been postponed until further notice.

Meeting Details and Purpose

The Board meeting was initially convened to consider several critical aspects of the Rights Issue, as outlined in the company's communication to BSE Limited dated January 8, 2026.

Rights Issue Considerations

The postponed meeting was intended to address key components of the proposed Rights Issue. The Board was scheduled to deliberate on multiple aspects that would determine the structure and terms of the offering.

Regulatory Compliance

The rescheduling decision is directly linked to regulatory requirements. The company has indicated that the meeting postponement is subject to receipt of in-principle approval from BSE Limited, demonstrating adherence to proper regulatory procedures.

The communication was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent disclosure to stakeholders. Company Secretary and Compliance Officer Manisha Satapathy signed the official intimation to BSE Limited.

Current Status

The company has not provided a new date for the rescheduled Board meeting, stating it will be held "until further notice." This approach allows the company flexibility to convene the meeting once the necessary regulatory approvals are obtained from BSE Limited. Shareholders and investors will need to await further communication from the company regarding the new meeting schedule and subsequent Rights Issue developments.