Polysil Irrigation Systems Approves FY2026 Financial Results Following Board Meeting
Polysil Irrigation Systems Limited has announced the approval of its audited financial results for the year and half-year ended March 31, 2026. The Board of Directors held a meeting on May 30, 2026, where the company reviewed and approved its financial statements.The company's standalone quarterly financial results and the year to date results for the period from April 01, 2025, to March 31, 2026, received an Audit Report with an Unmodified Opinion. This confirms the standalone financial results comply with the applicable accounting standards.
The company noted that it adopted Indian Accounting Standard (Ind AS) with effect from April 01, 2025. Furthermore, the company's paid-up equity share capital saw a change after allocating shares on May 21, 2026, utilizing an amount equivalent to 25 crores.
Financial Overview (March 31, 2026)
The financial statements provide a snapshot of the company's financial standing. The Statement of Standalone Assets and Liabilities, reported in INR in Lakh, shows the following figures:| Particulars | Opening Balance | Closing Balance |
|---|---|---|
| Fixed Assets | 131.1* | 102.6< |
| Current Assets | 31.1* | 31.1* |
| Total Assets | 16. | |
| Total Liabilities | 0.001 | 0.001 |
In terms of cash flow, the company reported the following movements for the quarter ending March 31, 2026 (INR in Lakh):
| Cash Flow Item | Amount (INR Lakh) |
|---|---|
| Cash Flow from Operations | 73.34 |
| Cash Flow from Investing | 0.00 |
| Cash Flow from Financing | 0.00 |
| Net Change in Cash | 73.34 |
Compliance and Fund Utilization
The company confirmed that the utilization of funds raised through its Initial Public Offer (IPO) up to March 31, 2026, remained in compliance. The total proceeds of ₹779.76 Lakhs were originally disclosed for "Funding our Working Capital Requirements" (₹500) and "General corporate purposes & Issue Related Expenses" (₹279.76). As of March 31, 2026, the company utilized ₹500 Lakhs for the working capital requirement and ₹272.69 Lakhs for general corporate purposes and issue-related expenses, leaving an unutilized amount of ₹7.07 Lakhs in the Public Issue Account.The financial reports indicate that the company remains committed to operational compliance, with all necessary statements concerning deviation or variation for fund utilization reported as having no deviation.
POLYSIL Stock Price Movement
On Friday, Polysil Irrigation Systems Limited shares edged higher, gaining 4.99% to close at ₹144.05. The stock saw 5,500 shares traded during the session, reflecting strong investor interest in the Capital Goods sector.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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