Siyaram Silk Mills Limited Announces Q1 Results and Makes Scheme of Arrangement Effective Following NCLT Sanction
Siyaram Silk Mills Limited reported its unaudited financial results for the quarter ending June 30, 2026, while simultaneously declaring a significant step in its corporate restructuring. The company announced that its Board meeting on July 30, 2026, incorporated the order from the National Company Law Tribunal (NCLT) sanctioning a Scheme of Arrangement between the company and its shareholders, making the scheme effective immediately.The Board had approved the unaudited financial results for the quarter ending June 30, 2026, along with the Independent Auditor's Report issued by M/s Jayantilal Thakkar & Co., Chartered Accountants.
Financial Performance Summary (Quarter Ended 30.06.2026)
The company released both standalone and consolidated results reflecting its operational status during the first quarter of the fiscal year 2026.Standalone Results Highlights:
| Particulars | Quarter Ended 30.06.2026 (Unaudited) (In Lakhs) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) |
|---|---|---|---|
| Total Income | 5,043.54 | 34 | 1 |
| Total Expenses | 1,463.53 | 637.66 | 30,033.89 |
| Profit Before Tax | 123.60 | (2.64) | 347.57 |
Consolidated Results Highlights:
| Particulars | Quarter Ended 30.06.2026 (Unaudited) (In Lakhs) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) |
|---|---|---|---|
| Total Income | 44,566.02 | 257,249.53 | 40,144.18 |
| Total Expenses | 45,294.81 | 235,267.23 | 99,925.44 |
| Profit Before Tax | 1,439.70 | 30,315.66 | 641.39 |
Scheme of Arrangement and Capital Structure Update
The company confirmed that the Board had taken on record the certified copy of the order dated July 21, 2026, issued by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, sanctioning the Scheme of Arrangement. The Scheme was made effective from July 30, 2026.Under the provisions of the approved scheme, the company will allot preference shares to equity shareholders through a bonus issue utilizing its general reserves. This issuance includes two series of non-convertible redeemable preference shares for every equity share:
- Preference Shares - Series I: Four (4) 9% cumulative non-convertible redeemable preference shares of face value ₹10/- each, convertible for every one equity share of face value ₹2/-.
- Preference Shares - Series II: Three (3) 9% cumulative non-convertible redeemable preference shares of face value ₹10/- each, convertible for every one equity share of face value ₹2/-.
The Scheme resulted in a substantial increase in the company's authorized share capital. The existing Memorandum of Association (MOA) reflecting this change has been replaced to reflect the new structure.
| Capital Metric | Previous Status | New Structure after Scheme Effectivity |
|---|---|---|
| Authorized Share Capital | ₹12,00,00,000 (Rupees Twelve Crore only) | ₹3,28,84,06,160 (Three Hundred Twenty Eight Crores Eighty Four Lakhs Six Thousand One Hundred Sixty only) |
| Equity Shares (Face Value ₹2/-) | 5,50,00,000 | 5,50,00,000 |
| Preference Shares (Series I/II) | N/A | 31,75,90,616 Redeemable Preference Shares of ₹10/- each |
The company has also fixed August 22, 2026, as the Record Date to determine eligible shareholders entitled to receive the bonus preference shares. The updated Memorandum of Association reflecting these changes was made available on the company's website.
SIYSIL Stock Price Movement
On Thursday, shares of Siyaram Silk Mills Limited slipped by 2.73%, settling at ₹602.3 after the stock shed ₹16.85 from its previous close of ₹617.05. The textile company saw a trading volume of 56,545 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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