Shree rajasthan syntex Ltd has recognized an extraordinary item totaling ₹98.67 lakhs in its financial results for the quarter ended December 2025, following the settlement of a funding arrangement with the Rajasthan State Industrial Development & Investment Corporation (RIICO). The company disclosed this development to BSE on February 06, 2026, pursuant to Regulation 30 of SEBI listing regulations.

Settlement Details

The extraordinary item stems from the resolution of a funding arrangement related to an old Texchem Project with RIICO. The settlement involved two key components that collectively impacted the company's financial position.

Board Approval and Rationale

The Board of Directors, along with the Audit Committee, approved the recognition of this extraordinary item during their meeting held on February 06, 2026. The board considered the settlement to be in the best interest of the company, indicating a strategic decision to resolve the long-standing arrangement.

Regulatory Compliance

Shree Rajasthan Syntex clarified that detailed disclosure requirements under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 do not apply to this settlement. The company noted that the arrangement was neither with a bank or financial institution nor related to ongoing litigation or dispute proceedings.

Financial Impact

The extraordinary item of ₹98.67 lakhs has been incorporated into the company's financial results for the quarter ended December 2025. This one-time settlement resolves the funding arrangement obligations and eliminates future uncertainties related to the Texchem Project with RIICO.

Shree Rajasthan Syntex Ltd has submitted its quarterly compliance statement to the Bombay Stock Exchange, confirming no deviation or variation in the utilization of funds raised through preferential issue during the quarter ended December 31, 2025. The statement was filed in accordance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company successfully raised Rs. 1076.56 lakhs through equity preferential issue on November 28, 2025. The funds were allocated across four specific objectives to strengthen the company's financial position and operational capabilities.

Fund Utilization Breakdown

The company has provided detailed utilization status across all four designated objects. Two objectives have been fully completed, while two others show partial utilization with remaining funds pending deployment.

Debt Repayment and Employee Obligations

The company has successfully completed repayment of unsecured inter-corporate loans from non-promoter entities, utilizing the full allocated amount of Rs. 255.00 lakhs. Additionally, all outstanding dues to workmen and employees have been cleared with the complete utilization of Rs. 65.00 lakhs allocated for this purpose.

Working Capital and Capital Expenditure

For working capital requirements, including preferential issue expenses, creditor payments, and business expenses, the company has utilized Rs. 276.42 lakhs out of the allocated Rs. 456.56 lakhs, leaving Rs. 180.14 lakhs pending utilization. The capital expenditure segment, designated for purchasing new machinery and equipment, shows utilization of Rs. 37.54 lakhs against the allocated Rs. 300.00 lakhs, with Rs. 262.46 lakhs remaining for future deployment.

Regulatory Compliance

The statement was signed by Anubhav Ladia, Whole Time Director and CFO (DIN: 00168312), confirming the company's adherence to regulatory requirements. No monitoring agency oversight was required for this fund raising exercise, and no audit committee or auditor comments were necessary given the absence of any deviation.