Shyam Telecom Ltd Approves Key Director Reappointments and Reviews Q2 Unaudited Financials

Shyam Telecom Ltd Approves Key Director Reappointments and Reviews Q2 Unaudited Financials​

Shyam Telecom Ltd held a Board meeting on August 11, 2026, wherein it approved several significant corporate matters, including the re-appointment of two directors and the review of its unaudited financial results for the quarter ending June 30, 2026.

The Board Meeting, conducted via virtual video conferencing, reviewed the company's operational performance and confirmed the extended tenures of key personnel. It also addressed preparations for the upcoming Annual General Meeting (AGM), including appointing a scrutinizer and selecting an e-voting platform.

Director Reappointments Confirmed​

The Board considered and approved the re-appointment of Mr. Ajay Khanna as Managing Director, effective August 11, 2026. His tenure is set for five years, concluding on August 10, 2031, subject to approval by the members in the ensuing AGM.

Additionally, Mrs. Chhavi Prabhakar was re-appointed for a second term as a Non-Executive Independent Director. Her five year term begins upon the conclusion of the ensuing AGM and extends until the AGM scheduled in 2031, also pending shareholder approval.

Mr. Khanna's profile noted him as one of the founder Promoter of SHYAM TELECOM GROUP. He has been involved in setting up distributors for Cable TV and Cellular business and is responsible for Commercial Operations and Financial Management for the group.

Mrs. Prabhakar is identified as a senior financial services professional with over 20 years of experience, holding independent director roles at other listed companies. She is also noted to have founded 'Global Indian Solutions.'

Q2 Financial Results Show Net Worth Erosion​

The unaudited financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board of Directors. The review process indicated material uncertainty regarding the company’s ability to continue as a going concern, although the financial statements were prepared on a going concern basis.

Key financial metrics for the quarter, comparing it against the period ended June 30, 2025 (data presented in Rupees in Lakhs), are summarized below:


The reviewed results indicated that the net worth of the Company has been fully eroded, and the current liabilities substantially exceeded the current assets, following a net cash loss during the quarter.

AGM Preparations Finalized​

In addition to the board decisions, the company appointed M/s Soniya Gupta & Associates as the scrutinizer for the upcoming Annual General Meeting (AGM). Furthermore, NSDL was appointed as the electronic securities depository for the e-voting process.

The Board also approved the Draft of the Director's Report, Corporate Governance Report, and Management Discussion & Analysis Report pertaining to the financial year ended March 31, 2026, along with the draft notice for the AGM.

SHYAMTEL Stock Price Movement​

Today, shares of Shyam Telecom Limited edged higher in the post-market session, settling at ₹14.88 after gaining 0.74%. The stock traded within a volatile range during the day, hitting a low of ₹14.31 and reaching a high of ₹15.49.