Shyam Century Ferrous Limited Approves FY2026 Results; Confirms Ongoing Operations Post Manufacturing Halt
Shyam Century Ferrous Limited has announced that its Board of Directors, during a meeting held on May 22, 2026, approved and took on record the audited financial results for the fourth quarter and the full financial year ended March 31, 2026.The company issued an independent auditor's report confirming that the annual financial results for the year ended March 31, 2026, present a true and fair view in conformity with Indian Accounting Standards (Ind AS).
Operational Update and Going Concern Basis
The audit report highlighted a significant operational shift, noting that the Company ceased production at its manufacturing facility located at EPIP, Rajabagan, Byrnihat, Meghalaya, effective May 7, 2025. This decision marked the discontinuation of the manufacturing business, which had previously constituted the Company's sole operating segment. Shareholder approval for the disposal of this manufacturing business was obtained on February 9, 2026. Consequently, the manufacturing assets have been classified as "Non-current assets held for sale."Despite the discontinuation of core manufacturing operations, the management confirmed that the company continues to operate as a going concern. The company maintains a positive net worth and possesses sufficient liquid assets from its substantial investment portfolio, which is recognized as "Other Income" in the Statement of Profit and Loss. The management assessed the ability to continue as a going concern for a period of at least twelve months from the balance sheet date (up to March 31, 2027), concluding that no material uncertainty exists.
Financial Performance Summary
The financial results for the quarter and year ended March 31, 2026, show the following total income, calculated as the sum of Revenue from Operations and Other Income.| Particulars | Q4 Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Revenue from Operations | 14.43 | 2,240.21 |
| Other Income | 162.41 | 837.58 |
| Total Income | 176.84 | 3,077.79 |
Total Expenses for the year ended March 31, 2026, were reported at 4,333.71 million. The net profit/(loss) from discontinued operations for the year was (916.59) million.
Key Financial Statements
The following tables detail the audited financial performance and position of Shyam Century Ferrous Limited.Statement of Audited Financial Results (in ₹ Lakhs)
| SI. | Particulars | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|---|
| Total Income | 176.84 | 12,107.56 | |
| Total Expenses | 4,333.71 | 13,077.59 | |
| Net Profit/(Loss) from Discontinued Operations | (916.59) | (970.03) | |
| Total Comprehensive Income / (loss) | (334.28) | 586.17 |
Statement of Assets and Liabilities (in ₹ Lakhs)
| Particulars | As at 31.12.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Assets | 16,770.31 | 18,463.02 |
| Non-current Assets | 13,268.59 | 6,080.41 |
| Current Assets | 2,283.77 | 12,382.61 |
| Assets held for | 1,217.95 | - |
| Total Equity | 16,374.77 | 16,709.05 |
| Total Liabilities | 395.54 | 1,753.97 |
Statement of Cash Flows (in ₹ Lakhs)
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Net Cash from/ (used in) Operating Activities | (7,789.25) | (153.98) |
| Net Cash from/ (used in) Investing Activities | 8,062.66 | 6.05 |
| Net Cash from/(used in) Financing Activities | (362.16) | 171.24 |
| Net Increase/(Decrease) in Cash and Cash Equivalents | 23.31 | 101.14 |
SHYAMCENT Stock Price Movement
On Friday, Shyam Century Ferrous Limited shares slipped by 1.62% to settle at ₹4.88. Trading volume for the stock totaled 52,120 shares during the session.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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