Sylph Industries Announces FY26 Results; Statutory Auditors Issue Qualified Opinion on Consolidated Accounts

Sylph Industries Announces FY26 Results; Statutory Auditors Issue Qualified Opinion on Consolidated Accounts​

Sylph Industries Limited announced the outcome of its Board of Directors meeting held on June 1, 2026. The Board conducted transactions related to the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and the audited standalone and consolidated financial statements for the year ended March 31, 2026.

The company released detailed financial results, including segment reporting, and provided the independent auditor's report highlighting key observations regarding compliance and financial structures.

Financial Highlights for FY2026​

The company’s financial performance is detailed across its standalone and consolidated results, as well as its segment-wise operations.

The audited standalone and consolidated financial statements for the year ended March 31, 2026, along with the auditor’s report, were disclosed.

Audited Standalone Financial Results (Amounts in Lakhs):


Audited Consolidated Financial Results (Amounts in Lakhs):

Audit Opinion Details​

The company’s statutory auditors, FHMSV & Co., provided different opinions on the standalone and consolidated results.

For the Standalone Financial Results, the auditors confirmed that the Standalone Financial Results for the quarter and year ended March 31, 2026, give a true and fair view.

However, the audit opinion on the Consolidated Financial Results for the quarter and year ended March 31, 2026, was qualified.

The qualified opinion was based on several key points regarding the subsidiary company, Maxrotth Foods Limited, included in the consolidation:

1. Loans and Advances: Loans and Advances held by the subsidiary from relatives amounted to Rs. 245.66 Lakhs (a previous year amount of Rs. 326.88 Lakhs). These funds were noted to be without stipulated repayment schedules or interest charged, and they were found not to be in accordance with the provisions of Section 185 and 186 of the Companies Act, 2013.
2. Accounting Practices: The subsidiary was noted for not following the accrual system of accounting and failing to disclose accounting policies in accordance with IND AS 1 - Presentation of Financial Statement.
3. Managerial Remuneration: The managerial remuneration paid/payable to Directors amounted to Rs. 23.25 Lakhs for the financial year ended March 31, 2026. This sum was found to be in excess of the limits prescribed under Section 197 of the Act, without obtaining necessary shareholder or lender approvals.

Financial Statements Summary​

The company released several financial statements providing a detailed view of its assets, liabilities, and cash flows.

Statement of Assets and Liabilities (Amounts in Lacs):


Statement of Consolidated Assets and Liabilities (Amounts in Lacs):


Statement of Cash Flow (Net Cash from Operating Activities in Lacs):

Stock Price Movement​

Sylph Industries Ltd settled at ₹0.31 on Monday, falling 3.13% for the day's close. Throughout the session, shares remained completely locked at this ₹0.31 level.