Siyaram Silk Mills Approves 2026 Financial Results; Declares Interim Dividend and Targets New Residential Project
Siyaram Silk Mills Limited announced key decisions following its Board meeting held on May 19, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026. Additionally, the company declared a Special Interim Dividend and recommended a Final Dividend, while also detailing plans for a new residential development in Thane.Dividend Declarations and Financial Results
During the meeting, the Board of Directors declared several key actions:
- Special Interim Dividend: A Special Interim Dividend of Rs. 4/- per Equity Share (representing 200%) was declared for the year ended March 31, 2026. This dividend is scheduled to be credited or dispatched on or after June 2, 2026, to shareholders as of the Record Date, May 25, 2026.
- Final Dividend Recommendation: The Board recommended a Final Dividend of Rs. 5/- per Equity Share (250%) for the same period, which is subject to the approval of the Company's Shareholders at the ensuing Annual General Meeting.
The company's financial performance showed growth in key revenue metrics compared to the previous year. The total income for the year ended March 31, 2026, reached 2,65,582.89 Lakhs in consolidated terms, up from 2,29,694.80 Lakhs in the previous year.
The Standalone and Consolidated results for the year ended March 31, 2026, showed the following figures for Total Comprehensive Income:
| Metric | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|
| Total Income (Consolidated) | 2,65,582.89 Lakhs | 2,29,694.80 Lakhs |
| Profit Before Tax (Consolidated) | 30,315.66 Lakhs | 26,732.58 Lakhs |
| Total Comprehensive Income (Consolidated) | 23,144.00 Lakhs | 19,598.16 Lakhs |
Major Projects and Appointments
The Board also addressed corporate planning and governance appointments:
Residential Development Project
The Board approved the development of a one-off Residential Project at MIDC leasehold land in Dombivali, Thane, Maharashtra. The project involves the construction of a Residential Building (Basement plus tilt) over 18 floors, aggregating to approximately 77,400 sq. ft. built-up area. The complex is planned to consist of 68 (Sixty Eight) 2 BHK Units/Flats and associated amenities. The approximate cost of the project is Rs. 45 Crores (excluding the land cost).
Auditor Appointments
The Board further took decisions regarding the appointment of statutory auditors for the upcoming fiscal year:
- M/s. K.M. Garg & Co. was re-appointed as the Internal Auditors for the financial year 2026-27.
- M/s. K. G. Goyal & Associates was appointed as the Cost Auditors for the financial year 2026-27.
Financial Position Highlights
The company maintained a robust financial position, with the total consolidated assets increasing to 2,19,149.12 Lakhs as of March 31, 2026, up from 1,88,794.53 Lakhs the previous year.
| Asset/Liability Category (Consolidated) | As At 31.03.2026 (Audited) | As At 31.03.2025 (Audited) |
|---|---|---|
| Total Non-Current Assets | 70,679.65 Lakhs | 62,491.32 Lakhs |
| Total Current Assets | 1,48,469.47 Lakhs | 1,26,303.21 Lakhs |
| TOTAL ASSETS | 2,19,149.12 Lakhs | 1,88,794.53 Lakhs |
| Total Equity (Other Equity) | 1,45,103.23 Lakhs | 1,27,403.64 Lakhs |
| Total Non-Current Liabilities | 11,729.96 Lakhs | 12,647.40 Lakhs |
| Total Current Liabilities | 61,408.53 Lakhs | 47,836.09 Lakhs |
| TOTAL EQUITY AND LIABILITIES | 2,19,149.12 Lakhs | 1,88,794.53 Lakhs |
SIYSIL Stock Price Movement
On Tuesday, Siyaram Silk Mills Limited shares gained momentum, closing at ₹611.7 after edging higher 2.13%. The equity experienced significant activity, with trading volume totaling 313,522 shares while the price fluctuated between a low of ₹597 and a high of ₹618.8.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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