Desi Farms India Ltd Releases Audited Financial Results for FY2026; Audit Notes Highlight Management and Staff Transition
Desi Farms India Ltd (formerly SER Industries Limited) has announced the audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors reviewed and approved these results along with the corresponding Auditors Report from M/s A N K H & Associates, Chartered Accountants.The audit report provides an unmodified opinion on the financial statements. Among key observations detailed by the auditors is that the entire management team of the Company underwent a transition during the current financial year. This shift was executed as part of the company's strategic reorganization, with operations continuing on a going concern basis.
Furthermore, the auditor noted that all remaining employees were separated from the Company during the financial year ended March 31, 2026. The firm reported that full and final settlements were executed, treating its future retirement benefit plan as fully settled under IND AS 19 (Employee Benefits). Consequently, a remaining unutilized provision of Rs. 5 hundred was reversed to the Statement of Profit and Loss, resulting in a closed defined benefit liability standing at Nil.
The audit also highlighted that an expenditure of Rs. 50,00,000 incurred towards stamp duty and Form SH-7 filing fees for increasing authorized share capital was claimed as a revenue expenditure, based on judicial precedent.
Financial Performance Snapshot (In Lakhs)
The audited results show significant movements across the company's finances during the quarter ended March 31, 2026, compared to previous periods. The following table summarizes key figures from the Profit and Loss account:| Particular | Q4 Ended 31.03.2026 (Audited) | Q4 Ended 31.12.2025 (Unaudited) | Q4 Ended 31.03.2025 (Audited) | Year to Date (Q4 FY2026) |
|---|---|---|---|---|
| Revenue From Operations | 11.00 | 10.30 | 32.15 | 55.30 |
| Other Income | 9.48 | 22.84 | 0.56 | 33.39 |
| Total Revenue | 20.48 | 33.14 | 32.71 | 88.69 |
| Total Expenses | 59.68 | 5.97 | 51.44 | 84.53 |
| Profit/(Loss) before exceptional items and tax | (39.20) | (18.73) | 4.15 |
Balance Sheet Overview
The financial position of Desi Farms India Ltd as at March 31, 2026, is detailed below:| Particulars | As at 31.03.2026 (Rs. In Lakhs) | As at 31.03.2025 (Rs. In Lakhs) |
|---|---|---|
| Total Assets | 72.01 | 30.37 |
| Share Capital | 99.46 | 99.46 |
| Other Equity (Reserves & Surplus) | (95.25) | (95.02) |
| Total Equity attributable to shareholders | 4.21 | 4.44 |
| Long-term borrowings | 0.00 | 23.00 |
| Total Current Liabilities | 66.79 | 0.81 |
The company's cash flows show that net increase in cash and cash equivalents was 14.64 (Rs. In Lakhs) for the quarter, starting with Cash and cash equivalents at the beginning of the period of 5.57. The overall movement shows a positive trend across key financial health indicators as per the audited statements.
Stock Price Movement
Desi Farms India Ltd closed at ₹640.95 on Monday, showing flat performance with a zero percentage change. The shares traded within an intraday range, dipping to a low of ₹608.95 from the day's high of ₹640.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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