Seya Industries Ltd

Dematerialisation/rematerialisation status

• Securities received for dematerialisation were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the exchanges where existing securities are listed.
• Certificates were mutilated and cancelled after verification, with the depository registered as owner within timelines.

Financial performance

• Revenue from operations nil; total income ₹1,664.75 lakh for FY2025-26.
• Profit after tax ₹-287.41 lakh; profit before tax ₹-512.93 lakh.
• Earnings per share: ₹-1.08 (basic and diluted).
• No dividend declared for FY2025-26.
• YoY: FY2024-25 pretax loss ₹820.94 lakh; PAT ₹-630.69 lakh.
• Depreciation ₹1,903.67 lakh; high non-cash charge under CIRP.
• Auditors' report unmodified; going-concern uncertainty disclosed.

CIRP governance

• NCLT initiated CIRP on 2 Nov 2023; IRP Bhavesh Rathod appointed.
• Board powers suspended; IRP exercises authority under the Code.
• Regulation 15(2A)/(2B) relaxations apply during CIRP.
• 36th AGM on Sept 30, 2026; meeting by IRP.
• Secretarial auditor appointment: five-year term proposed; approval at ensuing AGM.

Capital structure & liquidity

• Total equity ₹81,843.63 lakh; no share capital changes.
• Total borrowings ₹77,298.83 lakh; net borrowings ₹77,156.84 lakh.
• Non-current borrowings ₹69,602.18 lakh; current borrowings ₹7,696.65 lakh.
• Net borrowings as % of equity 94.27%; as % of total capital 48.48%.
• Cash and cash equivalents ₹82.13 lakh; other bank balances ₹59.86 lakh.

Operations & assets

• Manufacturing operations suspended; no revenue from operations in FY2025-26.
• Capital work-in-progress ₹79,620.58 lakh.
• Mega Greenfield Expansion Project suspended; CIRP constraints.
• Single operating segment; segment data not meaningful due to suspension.

Audit & compliance

• Statutory auditor: Thacker Butala Desai; unmodified opinion.
• Secretarial audit: Subhash Purohit; appointment to be regularised.
• Going concern: material uncertainty due CIRP; revival contingent.

AGM details

• 36th AGM; book closure Sept 24-30, 2026.
• Notice and Annual Report emailed; available on company and stock exchange sites.

Financial highlights

• IRP-led CIRP ongoing; NCLT order dated Nov 2, 2023.
• Standalone Q1 FY27 unaudited results approved Aug 14, 2026.
• Single reportable segment: Speciality Chemical Intermediates.
• Total income (net) for quarter ended 30-Jun-2026: ₹383.72 Lakhs.
• Profit after tax: ₹-71.49 Lakhs; EPS: ₹-0.27.
• Total expenses: ₹509.36 Lakhs; depreciation ₹440.07 Lakhs; employee expense ₹39.39 Lakhs.
• Tax expense: ₹54.14 Lakhs; Profit before tax: ₹-125.64 Lakhs.
• Paid-up equity share capital: ₹2,657.05 Lakhs.
• Unaudited; reviewed by Independent Committee; no statutory audit.