Shyam Century Ferrous Limited Announces Q1 Results and Reappoints Statutory and Internal Auditors
Shyam Century Ferrous Limited has announced key outcomes from its Board of Directors meeting held on August 6, 2026, including the approval of un-audited financial results for the first quarter ended June 30, 2026, and the re-appointment of both its Statutory and Internal Auditors.The company's management confirmed that it continues to operate as a going concern, despite having ceased manufacturing operations at its facility in Meghalaya effective May 7, 2025. The manufacturing assets were classified as "Non-current assets held for sale" following shareholder approval obtained on February 9, 2026.
Auditor Reappointments and Results Approval
The Board of Directors reviewed and approved the un-audited financial results for the first quarter ending June 30, 2026. The company also ratified the re-appointment of its auditors:
- Statutory Auditors: M/s D. K. Chhajer & Co., Chartered Accountants (Firm Registration No. 304138E) was re-appointed as Statutory Auditor for a term of five consecutive years, running from the conclusion of the 15th Annual General Meeting until the conclusion of the 20th Annual General Meeting, subject to member approval.
- Internal Auditors: M/s K. Baldwa & Co., Chartered Accountants (Firm Registration No. 322118E) was approved for the role of Internal Auditor for the Financial Year 2026-27.
Financial Performance Overview
The company's un-audited financial results, which have undergone a limited review by the Statutory Auditors, indicate that Total Income for the quarter ended June 30, 2026, was 279.46 Lakhs. However, Total Expenses were recorded at 314.31 Lakhs, resulting in a net loss of (80.95) Lakhs for the period.
The company's financial performance across the relevant periods is detailed below:
| Particulars | Qtr ended 30.06.2026 (Unaudited) | Qtr ended 31.03.2026 (Audited) | Qtr ended 30.06.2025 (Unaudited) | Yr ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Income | 279.46 | 176.84 | 1,618.13 | 3,077.79 |
| Total Expenses | 314.31 | 178.27 | 2,017.46 | 4,333.44 |
| Profit/(Loss) from discontinued operations before tax | (34.85) | (1.43) | (399.33) | (1,255.65) |
| Total Tax Expense | 46.10 | (21.89) | 3.47 | (339.06) |
| Net Profit/(Loss) from discontinued operations | (80.95) | 20.46 | (402.80) | (916.59) |
| Other Comprehensive Income / (loss) | 176.39 | 12.31 | 1,078.30 | 582.31 |
| Total Comprehensive Income / ( loss ) | 95.44 | 32.77 | 675.50 | (334.28) |
Annual General Meeting and Book Closure Details
The company has scheduled its 15th Annual General Meeting (AGM) for Friday, September 25, 2026, at 02:00 p.m., which will be held through Video Conferencing or other Audio Video Means.
For the purposes of the AGM, the Register of Members and Share Transfer Books are scheduled to remain closed from Saturday, September 19, 2026, to Friday, September 25, 2026.
The following details outline the securities and related schedules:
| Security Symbol/ Code | Type of Security & Paid up value | Book Closure Period | Purpose |
|---|---|---|---|
| NSE : SHYAMCENT BSE : 539252 | Equity Share of Face Value of Re. 1/- each fully paid up | September 19, 2026 to September 25, 2026 (both days inclusive) | Annual General Meeting on Friday, September 25, 2026 at 02:00 p.m. |
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