Lynx machinery & commercials Limited has made a regulatory disclosure regarding an ongoing civil dispute with Shree Laxmi Trading Corporation, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made on 9th March 2026, following exchange advice to file under Regulation 30 for good corporate governance.

Background of the Dispute

The civil dispute involves mutual claims between the company and Shree Laxmi Trading Corporation, pertaining to financial transactions from 1992-1996. According to company records, Shree Laxmi Trading Corporation owes Lynx Machinery an amount of ₹21.34 lakh, a fact that has been consistently reported in the company's financial statements since 1996.

Court Proceedings and Current Status

The legal battle began in 1997 when Shree Laxmi Trading Corporation filed a suit against Lynx Machinery, claiming ₹28.53 lakh plus interest. The case progressed through the judicial system with significant developments over the years.

Financial Implications

The City Civil Session Court's order dated October 20, 2018, directed the company to pay ₹29.38 lakh plus interest at 1.75% per month to Shree Laxmi Trading Corporation. However, Lynx Machinery has challenged this decision before the Hon'ble Bombay High Court through First Appeal No. 71 of 2022.

Company's Position

Lynx Machinery maintains that it has a receivable of ₹21.34 lakh against Shree Laxmi Trading Corporation. The company's management believes that adequate disclosure has been made through the Notes to Accounts in annual reports since 1996, and no further disclosure was required under Regulation 30.

Regulatory Compliance

Despite the management's view on disclosure requirements, the company has made this filing following exchange advice, demonstrating commitment to good corporate governance practices. The matter remains sub-judice before the Bombay High Court, with no recent developments in the appeal proceedings.

The disclosure provides comprehensive details as required under Regulation 30 read with Schedule III of the Listing Regulations and Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024.

Lynx machinery & commercials Limited announced its unaudited financial results for the third quarter ended 31st December 2025, revealing continued operational challenges with zero revenue generation and sustained losses. The Mumbai-based company's Board of Directors approved the results at a meeting held on 30th January 2026, alongside announcing a key leadership change.

Financial Performance Overview

The company reported a net loss of ₹23.87 lakhs for Q3 FY26, representing an improvement from the ₹30.02 lakhs loss recorded in the corresponding quarter of the previous year. Despite the absence of operational revenue, the company managed to reduce its quarterly losses by approximately 20.5%.

Expense Analysis

The company's expense structure for Q3 FY26 was dominated by finance costs, which accounted for ₹15.02 lakhs of the total ₹23.87 lakhs in expenses. This represents a significant decrease from the ₹21.46 lakhs in finance costs during Q3 FY25. Other major expense components included other expenses of ₹7.41 lakhs and employee benefit expenses of ₹1.18 lakhs.

Nine-Month Performance

For the nine-month period ended 31st December 2025, Lynx Machinery reported a net loss of ₹90.76 lakhs, marginally better than the ₹90.82 lakhs loss in the corresponding period of the previous year. The company recorded minimal other income of ₹0.17 lakhs during this period, while total expenses reached ₹90.93 lakhs.

Board Changes

The company announced the resignation of Mrs. Zankhana Karan Bhansali (DIN: 08686759) from her position as Independent Director, effective 30th January 2026. The resignation was attributed to professional commitments and personal reasons, with the company confirming no other material reasons for her departure.

Company Structure

Lynx Machinery & Commercials Limited maintains a paid-up equity share capital of ₹102.55 lakhs, consisting of shares with a face value of ₹10 each. The company operates as a single segment entity and continues to face operational challenges with no revenue generation from its core business activities during the reported periods.