Siyaram Silk Mills Announces Financial Results, Special Dividend, and Development Plan for Residential Project
Siyaram Silk Mills Limited announced key decisions regarding its financial performance and corporate development following its Board meeting held on May 19, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, alongside declaring interim and recommending final dividends.On the dividend front, the Board declared a Special Interim Dividend of Rs. 4/- per Equity Share (200%) on the Company’s Equity Shares of Rs. 2/- each, applicable for the year ended March 31, 2026. These payments will be credited or paid on or after June 2, 2026, to shareholders as on the Record Date, May 25, 2026.
Furthermore, the Board recommended a Final Dividend of Rs. 5/- per Equity Share (250%) on the Equity Shares of Rs. 2/- each for the same financial year. This recommendation is subject to the approval of the Company's shareholders at the ensuing Annual General Meeting.
Corporate Appointments and Projects
The company also updated its internal compliance and development activities. M/s. K.M. Garg & Co. were re-appointed as Internal Auditors for the financial year 2026-27, and M/s. K. G. Goyal & Associates were appointed as Cost Auditors for the same period.In terms of expansion, the Board approved the development of a one-off Residential Project at MIDC leasehold land in Dombivali, Thane, Maharashtra. The project entails the construction of a Residential Building featuring a Basement plus tilt and 18 Floors, aggregating approximately 77,400 sq. ft. built-up area. This development will consist of 68 (Sixty Eight) Nos 2 BHK Units/Flats and associated amenities. The estimated cost of the project is Rs. 45 Crores approx., excluding the land cost.
Financial Performance Highlights
The Board approved the audited financial results for the financial year ended March 31, 2026. The comprehensive financial data provides an overview of the company’s performance across various periods.The following tables summarize the key financial figures as approved by the Board:
Standalone Financial Results (In Lakhs)
| Particulars | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.25 (Audited) |
|---|---|---|
| Total Income | 2,65,257.08 | 2,29,561.94 |
| Total Expenses | 2,02,667.72 | 2,35,223.19 |
| Profit for the Period | 22,808.22 | 19,873.33 |
| Total Comprehensive Income | 23,144.00 | 19,598.16 |
Consolidated Financial Results (In Lakhs)
| Particulars | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.25 (Audited) |
|---|---|---|
| Total Income | 2,29,694.80 | 2,65,582.89 |
| Total Expenses | 2,02,962.22 | 2,35,267.23 |
| Profit for the Period | 23,089.99 | 19,711.69 |
| Total Comprehensive Income | 19,598.16 | 23,144.00 |
Balance Sheet Comparison (As At 31.03)
| Particulars | As At 31.03.26 (Audited) | As At 31.03.25 (Audited) |
|---|---|---|
| Total - Non-Current Assets | 71,238.48 | 63,368.67 |
| TOTAL - ASSETS (Standalone) | 2,19,313.14 | 1,89,263.78 |
| TOTAL - ASSETS (Consolidated) | 2,19,149.12 | 1,88,794.53 |
| Total Equity (Standalone) | 1,46,245.82 | 1,28,852.06 |
Note: All financial figures are presented in Lakhs, unless otherwise specified, and the consolidated figures reflect the Group's total position.
SIYSIL Stock Price Movement
On Tuesday, Siyaram Silk Mills Limited shares edged higher, gaining 2.13% to settle at ₹611.7. The equity saw significant investor activity, trading 313,522 shares throughout 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: