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Sylph Industries Limited Audit Report / Information 2026
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Audit Report / Information
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SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
Date- 01st June, 2026
To,
The General Manager,
Corporate Relationship Department,
BSE Limited,
Phiroz Jeejeebhoy Tower,
Dalal Street, Mumbai — 400001,
Maharashtra, India
Reference: ISIN - INE706F01021; Scrip Code-511447; Symbol- SYLPH
Subject: Outcome of the Board Meeting held on 01st June, 2026.
Dear Sir/Ma’am,
Pursuant to the Regulation 30 and other applicable regulations of the SEBI (Listing obligation & Disclosure requirements) Regulations, 2015 and in continuation of our earlier intimation of the Board Meeting dated 22nd May 2026 and 30th May, 2026, we hereby inform you that meeting of the Board of Directors of the Company, duly convened and held at the registered office of the Company i.e. 517, Skye Corporate Park, A. B. Road, Indore-452010, on Monday, 01st June 2026 at 05:30 P.M. and concluded at 08:00 P.M, the Board of Directors has inter alia transacted the following businesses:
- Audited Standalone Financial Results along with Auditor’s Report of the Company for the quarter and year ended March 31, 2026 in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) 2015. Copy of the same is attached herewith for your reference.
Further, pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a declaration that the Statutory Auditors of the Company have issued an Audit Report with an unmodified opinion on the Audited Standalone Financial Results of the Company for the quarter and year ended March 31, 2026, is also attached for your ready reference.
- Audited Consolidated Financial Results along with Auditor’s Report of the Company for the quarter and year ended March 31, 2026 in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) 2015. Copy of the same is attached herewith for your reference.
Further, pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Statement on Impact of Audit Qualifications that the Statutory Auditors of the Company have issued an Audit Report with a modified opinion on the Audited Consolidated Financial Results of the
CIN: L36100MP1992PLC007102
9825039755 | 9977700223
[email protected]
517, Skye Corporate Park, A.B Road, Indore - 452010
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
Company for the quarter and year ended March 31, 2026, is also attached for your ready reference.
- Audited Standalone & Consolidated Financial Statements of the Company for the year ended 31st March, 2026 along with Auditor’s Report thereon in terms of Section 134 of the Companies Act, 2013.
You are requested to please take the same in your record,
Thanking you,
Yours Faithfully,
FOR SYLPH INDUSTRIES LIMITED
(Formerly known as Sylph Technologies Limited)
Hasmukh
Nanalal Shah
HASMUKH NANALAL SHAH
MANAGING DIRECTOR
DIN: 00398666
CIN : L36100MP1992PLC007102
9825039755 | 9977700223
[email protected]
517, Skye Corporate Park, A.B Road, Indore – 452010
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
To,
The Board of Directors,
Sylph Industries Limited
Report on the audit of the Standalone Financial Results
Opinion
We have (a) audited the Standalone Financial Results for the year ended March 31, 2026 and (b) the Standalone Financial Results for the quarter ended March 31, 2026 (refer 'Other Matters' section below), both included in the accompanying "Statement of Standalone Financial Results for the quarter and year Ended March 31, 2026." of Sylph Industries Limited (the "Company"), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:
- are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
- give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit/loss and other comprehensive income and other financial information for the quarter ended 31.03.2026 as well as the year to date results for the period from 01.04.2025 to 31.03.2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
a. We observed that the company has availed unsecured loans from various entities and individuals. However, our review indicates that the company has not provided for interest,
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
if any, on these unsecured loans.
b. We observed that the company has granted loans and advances to various entities and individuals. However, our review indicates that the company has not recognized interest income, if any, on these loans and advances.
c. As of 31st March, 2026, the company's financial statements reflect outstanding balances related to trade receivables, trade payables, loans and advances given, and loans and advances taken. However, these balances are subject to confirmations and reconciliations, if any.
Management’s Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the Standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are responsible for overseeing the Company’s financial reporting Process.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak’s Pole, Kalupur Tankshal Road, Ahmedabad 380 001
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
-
Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 and Regulation S2 of the listing Regulations.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Annual Standalone Financial Results.
Materiality is magnitude of misstatement in the statement that, individually or in aggregate, make it probable that the economic decisions of a reasonably knowledgeable user of statement may be influenced. We consider quantitative materiality and qualitative
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
F H M S V & CO.
Chartered Accountants
CA INDIA
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
factors in i) planning the scope of our audit work and in evaluating the results of our work; and ii) to evaluate the effect of any identified misstatement in the statement.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our Independence, and where applicable, related safeguards.
Other Matters
The accompanying Statement includes the results for the quarter ended 31st March, 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations. Our opinion on the Audit of the Financial Results for the year ended 31st March, 2026 is not modified in respect of this matter.
Date : 01/06/2026
Place : Rajkot
UDIN : 26169020QBHSIX1957
For, F H M S V & Co.
Chartered Accountants
FRN: 0128276W
P. H. Vora
(Pratik H Vora)
Partner
M. No. 169020
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Registered Office: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
AUDITED STANDALONE IND AS COMPLIANT FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026
AMOUNT RS. IN LACS
| SR.NO. | PARTICULARS | QUARTERS ENDED | FINANCIAL YEAR | |||
|---|---|---|---|---|---|---|
| 31/03/2026 AUDITED | 31/12/2025 UNAUDITED | 31/03/2025 AUDITED | 31/03/2026 AUDITED | 31/03/2025 AUDITED | ||
| INCOMES | ||||||
| I | Revenue from Operations (Net of Taxes) | 2287.82 | 1115.14 | 17.98 | 10778.54 | 195.91 |
| II | Other Income | 43.90 | 35.43 | 46.54 | 83.59 | 46.54 |
| III | Total Income (I + II) | 2331.72 | 1150.57 | 64.52 | 10862.13 | 242.45 |
| IV | EXPENSES | |||||
| (a) | Cost of Materials consumed | - | 0.00 | - | ||
| (b) | Purchase of Stock in Trade | 1115.37 | 904.30 | 17.80 | 10319.96 | 118.53 |
| (C) | Changes of Inventories of Finished Goods, Work in Progress, Work in Trade | 694.26 | 186.42 | 0.00 | (658.08) | 0.02 |
| (d) | Employees Cost | 3.65 | 1.10 | 2.39 | 6.85 | 8.10 |
| (e) | Finance Cost | 0.00 | 0.29 | 9.05 | 0.29 | 9.06 |
| (f) | Depreciation and Amortisation Expenses | 0.29 | 0.22 | 0.04 | 0.81 | 0.12 |
| (g) | Other Expenses | 124.33 | 42.38 | 22.79 | 461.09 | 199.43 |
| TOTAL EXPENSES (IV (a to f) | 1937.91 | 1134.73 | 52.08 | 10130.92 | 335.27 | |
| V | Profit/(Loss) before Exceptional Items and Tax (III-IV) | 393.81 | 15.84 | 12.44 | 731.21 | (92.82) |
| VI | Exceptional Items. & Extraordinary Item | (0.00) | 0.00 | (0.00) | 0.00 | 0.00 |
| VII | Profit/(Loss) Before Tax (V-VI) | 393.81 | 15.84 | 12.44 | 731.21 | (92.82) |
| VIII | TAX EXPENSES | |||||
| (a) | Current Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| (b) | Short/(excess) provision of income tax | 0.00 | 0.00 | 0.00 | 3.54 | 0.00 |
| (c) | Deferred Tax | (0.05) | 0.13 | (0.01) | 0.17 | (0.01) |
| Total Tax Expenses | (0.05) | 0.13 | (0.01) | 3.70 | (0.01) | |
| IX | NET PROFIT AFTER TAX FROM BUSINESS OPERATIONS | 393.86 | 15.72 | 12.45 | 727.51 | (92.81) |
| X | Other Comprehensive Income | |||||
| a) Items That will not be reclassified to profit or loss | (23.15) | (22.77) | (209.03) | (1100.27) | (319.30) | |
| b) Items That will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| XI | Total Comprehensive Income (IX+X) | 370.71 | (7.05) | (196.58) | (372.76) | (412.11) |
| XII | Paid up Equity Share Capital (Amount in lacs) | 12330.79 | 12330.79 | 3586.66 | 12330.79 | 3586.66 |
| Face Value per share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| XIII | Other Equity Capital (Reserve & Surplus) | - | - | - | (81.34) | 4206.03 |
| XIV | Earning Per Share (In Rupees) from | |||||
| Continuing Operations (Not Annualized). | ||||||
| (i) | Basic | 0.03 | (0.00) | (0.05) | (0.03) | (0.11) |
| (ii) | Diluted | 0.03 | (0.00) | (0.05) | (0.03) | (0.11) |
| XV | Income from Discontinuing Operations | - | ||||
| XVI | Profit/(Loss) from Discontinuing Operations | - | ||||
370.71 (7.05) (196.58) (372.76) (412.11)
| XVII | Profit/(loss) for the period After Adjustment of discontinuing Operations with Current Operations |
|---|---|
NOTES:
-
The above Audited Financial Results for the quarter ended 31st March, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 01st June, 2026. The statutory auditors of the company have carried out the limited review of these Results in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
-
The above Financial Results have been reviewed by the Audit Committee in its meeting held on 01st June, 2026 and the same were adopted by the Board of Directors in their meeting held on the same date.
-
The above Audited Financial Results is Subject to Independent Auditor's Report as furnished by the Statutory Auditor and approved by the Board of Directors of the Company as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements)
-
These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable
-
Figures for the previous period have been regrouped/ rearranged/ reclassified wherever considered necessary to correspond with the current period's classification/group's disclosure.
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Registered Office: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
SEGMENT REPORTING
₹ in Lakhs
| Sr. No. | Particulars | Three Months ended | Year Ended | |||
|---|---|---|---|---|---|---|
| 31/03/2026 | 31/12/2025 | 31/03/2025 | 31/03/2026 | 31/03/2025 | ||
| Audited | Un-Audited | Audited | Audited | Audited | ||
| 1 | Segment Revenue | |||||
| Trading of Commodities including FMCG | 2234.51 | 861.26 | 17.98 | 9417.56 | 120.91 | |
| Supply of Technical Services for Software Systems | - | 0.00 | 0.00 | 75.00 | ||
| Solar | 5.85 | 110.85 | 0.00 | 844.52 | ||
| Construction Chemicals | 47.98 | 175.28 | 0.00 | 553.45 | ||
| Other Unallocable Segment | 43.38 | 3.19 | 46.54 | 46.60 | 46.54 | |
| Total Segment Revenue | 2331.72 | 1150.57 | 64.52 | 10862.13 | 242.45 | |
| 2 | Less: Inter-Segment Revenue | 0 | - | 0.00 | 0.00 | - |
| 3 | Net Segment Revenue (1-2) | 2331.72 | 1150.57 | 64.52 | 10862.13 | 242.45 |
| 4 | Segment Results Profit / (Loss) before Tax, Interest, Depreciation and Amortization Expenses | |||||
| Trading of Commodities including FMCG | 474.47 | 6.04 | (34.06) | 681.08 | (209.37) | |
| Supply of Technical Services for Software Systems | - | 0.00 | 0.00 | 70.14 | ||
| Solar | (104.83) | 10.08 | 0.00 | 39.55 | 0.00 | |
| Construction Chemicals | 3.00 | 40.54 | 0.00 | 62.54 | 0.00 | |
| Other Unallocable Activities | 43.38 | 3.19 | 46.54 | 46.60 | 46.54 | |
| Total Segment Profit / (Loss) | 416.02 | 59.84 | 12.48 | 829.77 | (92.69) | |
| 5 | Less: | |||||
| Finance Cost | 0.00 | 0.29 | 0.00 | 0.29 | 0.01 | |
| Depreciation | 0.29 | 0.22 | 0.04 | 0.81 | 0.12 | |
| Other Unallocable Expenses | 21.93 | 43.48 | 0.00 | 97.46 | - | |
| Total | 393.81 | 15.84 | 12.44 | 731.21 | (92.82) | |
| 6 | Add: Unallocable Income | 0 | - | 0.00 | - | - |
| 7 | Total Profit before Tax | 393.81 | 15.84 | 12.44 | 731.21 | (92.82) |
| 8 | Segment Assets | |||||
| Trading of Commodities including FMCG | 9199.04 | 8929.05 | 8628.83 | 9199.04 | 8628.83 | |
| Supply of Technical Services for Software Systems | 35.24 | 34.63 | 18.25 | 35.24 | 18.25 | |
| Solar | 231.70 | 614.16 | 0.00 | 231.70 | 0.00 | |
| Construction Chemicals | 797.94 | 686.18 | 0.00 | 797.94 | 0.00 | |
| Total Allocable Segment Assets | 10263.92 | 10264.02 | 8647.08 | 10263.92 | 8647.08 | |
| Add: Un-allocable Assets | 2293.09 | 1966.19 | 0.00 | 2293.09 | ||
| Total Assets | 12557.02 | 12230.21 | 8647.08 | 12557.02 | 8647.08 | |
| 9 | Segment Liabilities | |||||
| Trading of Commodities including FMCG | 37.27 | 127.66 | 844.07 | 37.27 | 844.07 | |
| Supply of Technical Services for Software Systems | 10.31 | 10.31 | 10.31 | 10.31 | 10.31 | |
| Solar | 39.06 | 39.02 | 0.00 | 39.06 | 0.00 | |
| Construction Chemicals | 13.66 | 39.79 | 0.00 | 13.66 | 0.00 | |
| Total Allocable Segment Liabilities | 100.29 | 216.79 | 854.39 | 100.29 | 854.39 | |
| Add: Un-allocable Liabilities | 207.27 | 134.68 | 0.00 | 207.27 | 0.00 | |
| Total Liabilities | 307.57 | 351.47 | 854.39 | 307.57 | 854.39 |
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Reg. Off.: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
STATEMENT OF ASSETS AND LIABILITIES
| | Notes | As At
March 31, 2026 | As At
March 31, 2025 |
| --- | --- | --- | --- |
| ASSETS | | | |
| Non-current assets | | | |
| Property, plant and equipment | 1 | 11.63 | 0.38 |
| Intangible Assets | | 0.00 | 0.00 |
| Capital work-in-progress | | 0.00 | 0.00 |
| Financial assets | | | |
| Investments | 2 | 355.86 | 0.00 |
| Trade Receivables | | 0.00 | 0.00 |
| Loans | | 0.00 | 0.00 |
| Other financial assets | | 0.00 | 0.00 |
| Deferred tax assets (Net) | | 0.00 | 0.00 |
| Other non-current assets | | 0.00 | 0.00 |
| Total of non Current Assets | | 367.49 | 0.38 |
| Current assets | | | |
| Inventory | 3 | 658.08 | 0.00 |
| Financial assets | | | |
| Investments | 4 | 76.29 | 2820.81 |
| Trade receivables | 5 | 4383.21 | 264.44 |
| Cash and cash equivalents | 6 | 33.34 | 17.97 |
| Bank balances other than above | | 0.00 | 0.00 |
| Loans | 7 | 5696.51 | 5010.27 |
| Other financial assets | 8 | 1302.00 | 0.24 |
| Current tax assets | 9 | 14.17 | 10.19 |
| Other current assets | 10 | 25.92 | 522.78 |
| Total of Current Assets | | 12189.52 | 8646.70 |
| TOTAL ASSETS | | 12557.02 | 8647.08 |
| Equity | | | |
| Share capital | 11 | 12330.79 | 3586.66 |
| Other equity | | (81.34) | 4206.03 |
| Total equity | | 12249.45 | 7792.69 |
| LIABILITIES | | | |
| Non- Current liabilities | | | |
| Financial liabilities | | | |
| Borrowings | 12 | 186.30 | 794.15 |
| Trade payables | | | |
| Provisions | | | |
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Reg. Off.: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
STATEMENT OF ASSETS AND LIABILITIES
| | Notes | As At
March 31, 2026 | As At
March 31, 2025 |
| --- | --- | --- | --- |
| Deferred tax Liabilities | 13 | 0.17 | 0.01 |
| Other non current liability | | | |
| Total Non-Current liabilities | | 186.47 | 794.16 |
| Current liabilities | | | |
| (a) Financial liabilities | | | |
| (i) Short Term Borrowings | 13 | 0.00 | 0.00 |
| (ii) Trade payables | 14 | | |
| - To Micro and Small Enterprises | | 0.00 | 29.15 |
| - To Creditors other than Micro and Small Enterprises | | 107.21 | 4.59 |
| (iii) Other financial liabilities | | | |
| Provisions | 15 | 0.00 | 0.00 |
| Other current liability | 16 | 13.89 | 26.49 |
| Current tax liability (net) | 17 | 0.00 | 0.00 |
| Total Current liabilities | | 121.09 | 60.23 |
| TOTAL EQUITY AND LIABILITIES | | 12557.02 | 8647.08 |
Significant accounting policies 28
Notes to accounts 29
The accompanying notes form an integral part of the audited financial statements.
As per our report of even date.
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal
Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Reg. Off.: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
STATEMENT OF CASH FLOW
₹ 'In Lacs'
| A. | PARTICULARS | For the Year Ended 31st March, 2026 | For the Year Ended 31st March, 2025 | ||
|---|---|---|---|---|---|
| Cash Flow from Operating Activities | |||||
| a) | Net Profit before tax and extraordinary Items | (369.06) | (412.12) | ||
| Depreciation | 0.81 | 0.12 | |||
| Profit on Sale of Fixed assets | 0.00 | 0.00 | |||
| Interest Income | (46.56) | (44.98) | |||
| b) | Operating profit before working capital Changes | (414.81) | (456.98) | ||
| Adjustment for: | |||||
| (Increase)/Decrease in Trade Receivable | (4118.77) | 114.57 | |||
| (Increase)/Decrease in Loan and Advance | (686.24) | 2723.54 | |||
| (Increase)/Decrease in other financial assets | (1301.76) | 0.00 | |||
| (Increase)/Decrease in other current tax assets | (3.98) | (5.21) | |||
| (Increase)/Decrease in Other Current Assets | 496.86 | (519.33) | |||
| (Increase)/Decrease in Inventories | (658.08) | 0.02 | |||
| (Increase)/Decrease in Security Deposit | 0.00 | 0.00 | |||
| Increase/(Decrease) in Trade Payable | 73.48 | (166.75) | |||
| Increase/(Decrease) in Other Current Liabilities | (12.61) | 22.32 | |||
| Increase/(Decrease) in Other Financial Liability | 0.00 | 0.00 | |||
| c) Cash generated from operations | (6625.92) | 1712.18 | |||
| Less-Income tax paid | 3.54 | 0.00 | |||
| Net cash from operating activities | (6629.45) | 1712.18 | |||
| B | Cash Flow from Investing Activities | ||||
| Purchase of fixed assets (Net) | (12.06) | 0.00 | |||
| Purchase of Investments (Net) | 2388.66 | (2820.81) | |||
| Gain/Loss on Sales of Investments | 0.00 | 0.00 | |||
| Interest Income | 46.56 | 44.98 | |||
| C | Cash Flow from Financial Activities | ||||
| Proceeds from issue of shares | 4829.51 | 410.00 | |||
| Proceeds from issue of warrants | 0.00 | 0.00 | |||
| Borrowings | (607.85) | 541.35 | |||
| D | Net Increase/(decrease) in Cash and Cash equivalent | 4221.66 | 951.35 | ||
| Cash & Cash equivalent at beginning of the year | 15.37 | (112.30) | |||
| Cash & Cash equivalent at end of the year | 17.97 | 130.27 | |||
| (Cash and cash equivalent represents cash and bank balance) | 33.34 | 17.97 |
- The cash flow statement has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS 7) statement of cash flows.
- Purchase of property, plant & equipment / intangible assets include movement of capital work-in-progress during the year.
Date: 01st June, 2026
Place : Indore
By order of the Board of Directors of SYLPH INDUSTRIES LIMITED
Hasmukh Nanalal Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
Date: June 01, 2026
To,
The General Manager,
Corporate Relationship Department,
BSE Limited,
Phiroz Jeejeebhoy Tower,
Dalal Street, Mumbai — 400001,
Maharashtra, India
Reference: ISIN - INE706F01021; Scrip Code-511447; Symbol- SYLPH
Sub: Declaration of Audit Reports with an unmodified opinion
Dear Sir/Ma’am,
Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that FHMSV & CO., Chartered Accountants (FRN:0128276W), Statutory Auditors of the Company, have issued Audit Reports with an unmodified opinion on the Audited Standalone Financial Results of the Company for the year ended March 31, 2026.
Kindly take the same on record.
Thanking you,
Yours truly,
FOR SYLPH INDUSTRIES LIMITED
(Formerly known as Sylph Technologies Limited)
Hasmukh
Nanalal Shah
HASMUKH NANALAL SHAH
MANAGING DIRECTOR
DIN: 00398666
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
To,
The Board of Directors,
Sylph Industries Limited
Report on the audit of the Consolidated Financial Results
Qualified Opinion
We have (a) audited the Consolidated Financial Results for the year ended March 31, 2026 and (b) the Consolidated Financial Results for the quarter ended March 31, 2026 (refer 'Other Matters' section below), both included in the accompanying "Statement of Consolidated Financial Results for the quarter and year Ended March 31, 2026." of Sylph Industries Limited (the "The Parent") and its share of net profit and loss after tax and total comprehensive income/loss of its subsidiary company, being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of audit reports issued by O R Maloo & Co., Chartered Accountants dated 29/05/2026 on financial information of subsidiary referred to in Other Matters section below, the Consolidated financial results:
- Includes the results of Maxrotth Foods Limited ("Subsidiary Company").
- are presented in accordance with the requirements of Regulation 33 and 52 of the Listing Regulations, 2015 in this regard; and
- except for the matters described in Basis for Qualified Opinion paragraph, give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit/loss and other comprehensive income and other financial information for the quarter ended 31.03.2026 as well as the year-to-date results for the period from 01.04.2025 to 31.03.2026.
Basis for Opinion
These financial statements of the Maxrotth Foods Limited have been audited by another auditor (referred to in Other Matters section below) whose report has been furnished to us.
As reported by Auditor of Subsidiary Company, our opinion is qualified on following points:
1. Long Term Loans and Advances
The Subsidiary's Loans and Advances are carried in the Balance Sheet at Rs. 776.13 Lakhs out of the same an amount of Rs. 245.66 Lacs (previous year amounting to Rs. 326.88 Lacs) is outstanding from the relatives. The Subsidiary Company has not stipulated any repayment schedules, and interest is also not charged by the company, and further the same is not in accordance with the provisions of section 185 and 186 of the Companies Act, 2013.
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak*6 Pole, Kalupur Tankshal Road, Ahmedabad 380 001
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
The Subsidiary Company has not followed accrual system of accounting and disclosure of accounting policy is not in accordance with IND AS 1 - Presentation of Financial Statement to this extent. We are unable to comment upon the settlement of finance income on the aforesaid loans and carrying value of the aforesaid loans and the consequential impact, if any that may arise on the above said matters. Consequently, in the absence of sufficient appropriate audit evidence we have not been able to corroborate the management's contention of recoverability of balances.
Our Audit Opinion on financial statements for the financial year ended on March 31, 2026, were qualified in respect of this matter.
- Payment of Managerial Remuneration as per Section 197 of the Companies Act, 2013: The Subsidiary Company has accounted for managerial remuneration paid / payable to Directors of its Company aggregating Rs. 23.25 Lakhs for the financial years ended 31 March 2026 which is in excess of the limits prescribed under Section 197 of the Act, in respect of which approvals from the shareholders have not been obtained as prescribed, further, prior approval from the lenders of the Subsidiary Company in accordance with Section 197 has not been obtained by the Subsidiary Company.
Our Audit Opinion on financial statements for the financial year ended on March 31, 2026, is qualified in respect of this matter.
Emphasis of Matter
We draw attention to following matters forming part of the notes to financial statements:
a. We observed that the Parent has availed unsecured loans from various entities and individuals. However, our review indicates that the Parent has not provided for interest, if any, on these unsecured loans.
b. We observed that the Parent has granted loans and advances to various entities and individuals. However, our review indicates that the Parent has not recognized interest income, if any, on these loans and advances.
c. As of 31st March, 2026, the Parent's financial statements reflect outstanding balances related to trade receivables, trade payables, loans and advances given, and loans and advances taken. However, these balances are subject to confirmations and reconciliations, if any.
d. We draw attention to Note 7 to the consolidated financial statements regarding cash and cash equivalents of Rs. 131.60 Lakhs as at March 31, 2026 out of which Rs. 97.51 Lakhs is held by a subsidiary company included in the Group. As reported by the auditor of the subsidiary, the cash balance could not be physically verified by the component auditor and reliance was placed on the written representation provided by the management of the subsidiary confirming the existence and custody of such cash balance.
Our opinion is not modified in respect of this matter.
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
Management's Responsibilities for the Consolidated Financial Results
The Statement has been prepared on the basis of the Consolidated annual financial statements. The Board of Directors of the Parent are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Parent and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Parent and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors are responsible for assessing the Parent's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Parent or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are responsible for overseeing the Parent's financial reporting Process.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Annual Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
FHMSV&CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Parent's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 and Regulation 52 of the listing Regulations.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Parent to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Parent to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the Annual Consolidated Financial Results of the Parent to express an opinion on the Annual Consolidated Financial Results.
Materiality is magnitude of misstatement in the statement that, individually or in aggregate, make it probable that the economic decisions of a reasonably knowledgeable user of statement may be influenced. We consider quantitative materiality and qualitative factors in i) planning the scope of our audit work and in evaluating the results of our work; and ii) to evaluate the effect of any identified misstatement in the statement.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in Internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
F H M S V & CO. Chartered Accountants
CA. PRATIK H VORA
B.COM., FCA
Office No. 1115, R K Prime, Nr. Silver Heights, Nana Mava Circle, Rajkot - 360 001
Cell No.: +91 9924268520, Email Id.: [email protected]
them all relationships and other matters that may reasonably be thought to bear on our Independence, and where applicable, related safeguards.
Other Matters
-
The accompanying Statement includes the results for the quarter ended 31st March, 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations. Our opinion on the Audit of the Financial Results for the year ended 31st March, 2026 is not modified in respect of this matter.
-
We did not audit the financial statements of Maxroth Foods Limited included in the consolidated financial results, whose financial statements reflect total assets of Rs. 2,404.62 lakhs and total Liabilities of Rs. 1750.30 Lakhs as at 31 March, 2026 and total revenues of Rs. 2,999.09 lakhs, total net profit after tax of Rs. 43.71 lakhs for the year ended 31st March 2026, as considered in the Statement. These financial statements have been audited by O R Maloo & Co., Chartered Accountants whose report has been furnished to us by the Management and our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of such subsidiary, is based solely on the report of such other auditor and the procedures performed by us in accordance with SA 600 (Revised), "Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)". Our opinion on the consolidated financial statements is not modified in respect of this matter.
Date : 01/06/2026
Place : Rajkot
UDIN : 26169020BAFFUX7451
For, F H M S V & Co.
Chartered Accountants
FRN: 0128276W
(Pratik H Vora)
Partner
M. No. 169020
Head Office: C/o Jamnagar Trading Co. 1538, Mamunatak's Pole, Kalupur Tankshal Road, Ahmedabad 380 001
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Registered Office: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
AUDITED CONSOLIDATED IND AS COMPLIANT FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026
AMOUNT RS. IN LACS
| SR.NO. | PARTICULARS | QUARTERS ENDED | FINANCIAL YEAR | |||
|---|---|---|---|---|---|---|
| 31/03/2026 AUDITED | 31/12/2025 UNAUDITED | 31/03/2025 AUDITED | 31/03/2026 AUDITED | 31/03/2025 AUDITED | ||
| INCOMES | ||||||
| I | Revenue from Operations (Net of Taxes) | 2487.18 | 1556.64 | 17.98 | 11835.96 | 195.91 |
| II | Other Income | 90.64 | 42.58 | 46.54 | 146.18 | 46.54 |
| III | Total Income (I + II) | 2577.82 | 1599.22 | 64.52 | 11982.13 | 242.45 |
| IV | EXPENSES | |||||
| (a) | Cost of Materials consumed | - | 0.00 | - | ||
| (b) | Purchase of Stock in Trade | 1151.59 | 1636.69 | 17.80 | 11525.32 | 118.53 |
| (C) | Changes of Inventories of Finished Goods, Work in Progress, Work in Trade | 1133.75 | (348.04) | 0.00 | (972.83) | 0.02 |
| (d) | Employees Cost | 17.65 | 18.34 | 2.39 | 53.05 | 8.10 |
| (e) | Finance Cost | 24.15 | 0.53 | 9.05 | 26.39 | 9.06 |
| (f) | Depreciation and Amortisation Expenses | 3.64 | 1.63 | 0.04 | 6.95 | 0.12 |
| (g) | Other Expenses | 148.95 | 78.21 | 22.79 | 549.94 | 199.43 |
| TOTAL EXPENSES (IV (a to f) | 2479.73 | 1387.36 | 52.08 | 11188.81 | 335.27 | |
| V | Profit/(Loss) before Exceptional Items and Tax (III-IV) | 98.09 | 211.85 | 12.44 | 793.32 | (92.82) |
| VI | Exceptional Items. & Extraordinary Item | (0.00) | 0.00 | (0.00) | 0.00 | 0.00 |
| VII | Profit/(Loss) Before Tax (V-VI) | 98.09 | 211.85 | 12.44 | 793.32 | (92.82) |
| VIII | TAX EXPENSES | |||||
| (a) | Current Tax | (58.24) | 85.34 | 0.00 | 27.11 | 0.00 |
| (b) | Short/(excess) provision of income tax | 0.00 | 0.00 | 0.00 | 3.54 | 0.00 |
| (c) | Deferred Tax | 0.01 | 0.13 | (0.01) | 0.23 | (0.01) |
| Total Tax Expenses | (58.22) | 85.47 | (0.01) | 30.88 | (0.01) | |
| IX | NET PROFIT AFTER TAX FROM BUSINESS OPERATIONS | 156.32 | 126.38 | 12.45 | 762.45 | (92.81) |
| X | Other Comprehensive Income | |||||
| a) Items That will not be reclassified to profit or loss | (23.15) | (22.77) | (209.03) | (1100.27) | (319.30) | |
| b) Items That will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| XI | Total Comprehensive Income (IX+X) | 133.16 | 103.62 | (196.58) | (337.82) | (412.11) |
| XII | Paid up Equity Share Capital (Amount in lacs) | 12330.79 | 12330.79 | 3586.66 | 12330.79 | 3586.66 |
| Face Value per share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| XIII | Other Equity Capital (Reserve & Surplus) | - | - | - | (133.25) | 4206.03 |
| XIV | Earning Per Share (In Rupees) from | |||||
| Continuing Operations (Not Annualized). | ||||||
| (i) | Basic | 0.01 | 0.01 | (0.05) | (0.03) | (0.11) |
| (ii) | Diluted | 0.01 | 0.01 | (0.05) | (0.03) | (0.11) |
| XV | Income from Discontinuing Operations | - | ||||
| XVI | Profit/(Loss) from Discontinuing Operations | - | ||||
| XVII | Profit/(loss) for the period After Adjustment of discontinuing Operations with Current Operations | 133.16 | 103.62 | (196.58) | (337.82) | (412.11) |
NOTES:
-
The above Audited Financial Results for the quarter ended 31st March, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 01st June, 2026. The statutory auditors of the company have carried out the limited review of these Results in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
-
The above Financial Results have been reviewed by the Audit Committee in its meeting held on 01st June, 2026 and the same were adopted by the Board of Directors in their meeting held on the same date.
-
The above Audited Financial Results is Subject to Independent Auditor's Report as furnished by the Statutory Auditor and approved by the Board of Directors of the Company as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements)
-
These results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable
-
Figures for the previous period have been regrouped/ rearranged/ reclassified wherever considered necessary to correspond with the current period's classification/group's disclosure.
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Registered Office: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
SEGMENT REPORTING
₹ in Lakhs
| Sr. No. | Particulars | Three Months ended | Year Ended | |||
|---|---|---|---|---|---|---|
| 31/03/2026 | 31/12/2025 | 31/03/2025 | 31/03/2026 | 31/03/2025 | ||
| Audited | Un-Audited | Audited | Audited | Audited | ||
| 1 | Segment Revenue | |||||
| Trading of Commodities including FMCG | 2480.61 | 1309.90 | 17.98 | 10112.31 | 120.91 | |
| Supply of Technical Services for Software Systems | - | 0.00 | 0.00 | 75.00 | ||
| Solar | 5.85 | 110.85 | 0.00 | 844.52 | ||
| Construction Chemicals | 47.98 | 175.28 | 0.00 | 553.45 | ||
| Other Unallocable Segment | 43.38 | 3.19 | 46.54 | 46.60 | 46.54 | |
| Total Segment Revenue | 2577.82 | 1599.22 | 64.52 | 11556.88 | 242.45 | |
| 2 | Less: Inter-Segment Revenue | 0 | - | 0.00 | 0.00 | - |
| 3 | Net Segment Revenue (1-2) | 2577.82 | 1599.22 | 64.52 | 11556.88 | 242.45 |
| 4 | Segment Results Profit / (Loss) before Tax, Interest, Depreciation and Amortization Expenses | |||||
| Trading of Commodities including FMCG | 206.26 | 202.05 | (34.06) | 608.88 | (209.37) | |
| Supply of Technical Services for Software Systems | - | 0.00 | 0.00 | 70.14 | ||
| Solar | (104.83) | 10.08 | 0.00 | 39.55 | 0.00 | |
| Construction Chemicals | 3.00 | 40.54 | 0.00 | 62.54 | 0.00 | |
| Other Unallocable Activities | 43.38 | 3.19 | 46.54 | 46.60 | 46.54 | |
| Total Segment Profit / (Loss) | 147.81 | 255.85 | 12.48 | 757.57 | (92.69) | |
| 5 | Less: | |||||
| Finance Cost | 24.15 | 0.29 | 0.00 | 24.45 | 0.01 | |
| Depreciation | 3.64 | 0.22 | 0.04 | 4.15 | 0.12 | |
| Other Unallocable Expenses | 21.93 | 43.48 | 0.00 | 97.46 | - | |
| Total | 98.09 | 211.85 | 12.44 | 631.51 | (92.82) | |
| 6 | Add: Unallocable Income | 0 | - | 0.00 | - | - |
| 7 | Total Profit before Tax | 98.09 | 211.85 | 12.44 | 631.51 | (92.82) |
| 8 | Segment Assets | |||||
| Trading of Commodities including FMCG | 10463.64 | 8929.05 | 8628.83 | 10463.64 | 8628.83 | |
| Supply of Technical Services for Software Systems | 35.24 | 34.63 | 18.25 | 35.24 | 18.25 | |
| Solar | 231.70 | 614.16 | 0.00 | 231.70 | 0.00 | |
| Construction Chemicals | 797.94 | 686.18 | 0.00 | 797.94 | 0.00 | |
| Total Allocable Segment Assets | 11528.52 | 10264.02 | 8647.08 | 11528.52 | 8647.08 | |
| Add: Un-allocable Assets | 2293.09 | 1966.19 | 0.00 | 2293.09 | ||
| Total Assets | 13821.61 | 12230.21 | 8647.08 | 13821.61 | 8647.08 | |
| 9 | Segment Liabilities | |||||
| Trading of Commodities including FMCG | 1003.39 | 127.66 | 844.07 | 1003.39 | 844.07 | |
| Supply of Technical Services for Software Systems | 10.31 | 10.31 | 10.31 | 10.31 | 10.31 | |
| Solar | 39.06 | 39.02 | 0.00 | 39.06 | 0.00 | |
| Construction Chemicals | 13.66 | 39.79 | 0.00 | 13.66 | 0.00 | |
| Total Allocable Segment Liabilities | 1066.42 | 216.79 | 854.39 | 1066.42 | 854.39 | |
| Add: Un-allocable Liabilities | 207.27 | 134.68 | 0.00 | 207.27 | 0.00 | |
| Total Liabilities | 1273.70 | 351.47 | 854.39 | 1273.70 | 854.39 |
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Reg. Off.: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
| | Notes | As At
March 31, 2026 | As At
March 31, 2025 |
| --- | --- | --- | --- |
| ASSETS | | | |
| Non-current assets | | | |
| Property, plant and equipment | 1 | 44.05 | 0.38 |
| Intangible Assets | | 0.00 | 0.00 |
| Capital work-in-progress | | 0.00 | 0.00 |
| Goodwill | | 0.00 | |
| Financial assets | | | |
| Investments | 2 | 0.00 | 0.00 |
| Trade Receivables | | 0.00 | 0.00 |
| Loans | | 0.00 | 0.00 |
| Other financial assets | | 0.00 | 0.00 |
| Deferred tax assets (Net) | | 0.00 | 0.00 |
| Other non-current assets | 3 | 4.06 | 0.00 |
| Total of non Current Assets | | 48.12 | 0.38 |
| Current assets | | | |
| Inventory | 4 | 1291.36 | 0.00 |
| Financial assets | | | |
| Investments | 5 | 76.29 | 2820.81 |
| Trade receivables | 6 | 3942.43 | 264.44 |
| Cash and cash equivalents | 7 | 131.60 | 17.97 |
| Bank balances other than above | | 0.00 | 0.00 |
| Loans | 8 | 6472.64 | 5010.27 |
| Other financial assets | 9 | 1734.56 | 0.24 |
| Current tax assets | 10 | 14.17 | 10.19 |
| Other current assets | 11 | 110.44 | 522.78 |
| Total of Current Assets | | 13773.49 | 8646.70 |
| TOTAL ASSETS | | 13821.61 | 8647.08 |
| Equity | | | |
| Share capital | 12 | 12330.79 | 3586.66 |
| Other equity | | (133.25) | 4206.03 |
| Non-Controlling Interest | | 350.37 | 0.00 |
| Total equity | | 12547.91 | 7792.69 |
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Reg. Off.: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
| | Notes | As At
March 31, 2026 | As At
March 31, 2025 |
| --- | --- | --- | --- |
| LIABILITIES | | | |
| Non- Current liabilities | | | |
| Financial liabilities | | | |
| Borrowings | 13 | 974.15 | 794.15 |
| Trade payables | | | |
| Provisions | | | |
| Deferred tax Liabilities | 14 | 0.96 | 0.01 |
| Other non current liability | | | |
| Total Non-Current liabilities | | 975.10 | 794.16 |
| Current liabilities | | | |
| (a) Financial liabilities | | | |
| (i) Short Term Borrowings | 13 | 0.00 | 0.00 |
| (ii) Trade payables | 14 | | |
| - To Micro and Small Enterprises | | 19.80 | 29.15 |
| - To Creditors other than Micro and Small Enterprises | | 190.58 | 4.59 |
| (iii) Other financial liabilities | | | |
| Provisions | 15 | 8.94 | 0.00 |
| Other current liability | 16 | 53.74 | 26.49 |
| Current tax liability (net) | 17 | 25.53 | 0.00 |
| Total Current liabilities | | 298.59 | 60.23 |
| TOTAL EQUITY AND LIABILITIES | | 13821.61 | 8647.08 |
Significant accounting policies
28
Notes to accounts
29
The accompanying notes form an integral part of the audited financial statements.
As per our report of even date.
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal
Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
SYLPH INDUSTRIES LIMITED
(FORMERLY KNOWN AS SYLPH TECHNOLOGIES LIMITED)
CIN: L36100MP1992PLC007102
Reg. Off.: Office No. 517, Sky Corporate Park, A.B. Road, Vijay Nagar, Indore, Madhya Pradesh, India, 452010
Website: www.sylphtechnologies.com | Mail: [email protected] | Mobile: 9977700223
STATEMENT OF CONSOLIDATED CASH FLOW
₹ 'In Lacs'
| A. | PARTICULARS | For the Year Ended 31st March, 2026 | For the Year Ended 31st March, 2025 | ||
|---|---|---|---|---|---|
| Cash Flow from Operating Activities | |||||
| a) Net Profit before tax and extraordinary Items | |||||
| Depreciation | |||||
| Loss on sale of Fixed assets | |||||
| Interest Income | |||||
| b) Operating profit before working capital Changes | |||||
| Adjustment for: | |||||
| (Increase)/Decrease in Trade Receivable | |||||
| (Increase)/Decrease in Loan and Advance | |||||
| (Increase)/Decrease in other financial assets | |||||
| (Increase)/Decrease in other current tax assets | |||||
| (Increase)/Decrease in Other Current Assets | |||||
| (Increase)/Decrease in Inventories | |||||
| (Increase)/Decrease in Security Deposit | |||||
| (Increase)/Decrease in Trade Payable | |||||
| (Increase)/Decrease in Other Current Liabilities | |||||
| (Increase)/Decrease in Other Financial liability | |||||
| c) Cash generated from operations | |||||
| Less-Income tax paid | |||||
| Net cash from operating activities | (306.94) | ||||
| 6.95 | |||||
| 4.27 | |||||
| (59.63) | |||||
| (355.35) | |||||
| (3678.00) | |||||
| (1462.37) | |||||
| (1734.32) | |||||
| (3.98) | |||||
| 412.35 | |||||
| (1291.36) | |||||
| (4.06) | |||||
| 176.65 | |||||
| 27.25 | |||||
| 8.94 | |||||
| (7904.26) | |||||
| 3.54 | (412.12) | ||||
| 0.12 | |||||
| (44.98) | |||||
| (456.98) | |||||
| 114.57 | |||||
| 2723.54 | |||||
| 0.00 | |||||
| (5.21) | |||||
| (519.33) | |||||
| 0.02 | |||||
| 0.00 | |||||
| (166.75) | |||||
| 22.32 | |||||
| 0.00 | |||||
| 1712.18 | |||||
| 0.00 | 1712.18 | ||||
| B | Cash Flow from Investing Activities | ||||
| Purchase of fixed assets (Net) | |||||
| Purchase of Investments (Net) | |||||
| Proceeds from Sale of Assets | |||||
| Cash paid for Acquisition of Subsidiary | |||||
| Interest Income | |||||
| Net cash from Investing Activities | (50.63) | ||||
| 2744.52 | |||||
| 258.39 | |||||
| 59.63 | 0.00 | ||||
| (2820.81) | |||||
| 0.00 | |||||
| 44.98 | (2775.83) | ||||
| Cash Flow from Financial Activities | |||||
| Proceeds from issue of shares | |||||
| Change in Non-Controlling interest | |||||
| Proceeds from issue of warrants | |||||
| Borrowings | 4829.51 | ||||
| 0.00 | |||||
| 180.00 | 410.00 | ||||
| 0.00 | |||||
| 0.00 | |||||
| 541.35 | |||||
| D | Net Increase/(decrease) in Cash and Cash equivalent | 113.63 | (112.30) | ||
| Cash & Cash equivalent at beginning of the year | |||||
| Cash & Cash equivalent at end of the year | |||||
| (Cash and cash equivalent represents cash and bank balance) | 17.97 | ||||
| 131.60 | 130.27 | ||||
| 17.97 |
- The cash flow statement has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS 7) statement of cash flows.
- Purchase of property, plant & equipment / intangible assets include movement of capital work-in-progress during the year.
Date: 01st June, 2026
Place: Indore
By order of the Board of Directors of
SYLPH INDUSTRIES LIMITED
Hasmukh
Nanalal
Shah
Hasmukh Nanalal Shah
Managing Director
DIN: 00398666
ANNEXURE I
Statement on Impact of Audit Qualifications (for audit report with modified opinion) submitted along-with Annual Consolidated Audited Financial Results
(Amount Rs. in Lakhs)
| Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2026
[See Regulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 2016] | | | | |
| --- | --- | --- | --- | --- |
| I. | Sl. No. | Particulars | Audited Figures
(as reported before adjusting for qualifications) | Adjusted Figures
(audited figures after adjusting for qualifications) |
| | 1. | Turnover / Total income | 12547.91 | 12547.91 |
| | 2. | Total Expenditure | 11188.81 | 11188.81 |
| | 3. | Net Profit/(Loss) | (337.82) | (337.82) |
| | 4. | Earnings Per Share | (0.03) | (0.03) |
| | 5. | Total Assets | 13821.61 | 13821.61 |
| | 6. | Total Liabilities | 1273.70 | 1273.70 |
| | 7. | Net Worth | 12547.91 | 12547.91 |
| | 8. | Any other financial item(s) (as felt appropriate by the management) | - | - |
| II. | Audit Qualification (each audit qualification separately): | | | |
| | a. List of Audit Qualification: | | | |
| | 1. Interest is not charged by Subsidiary on its Loans and Advances | | | |
| | The Subsidiary’s Loans and Advances are carried in the Balance Sheet at Rs. 776.13 Lakhs out of the same an amount of Rs. 245.66 Lacs (previous year amounting to Rs. 326.88 Lacs) is outstanding from the relatives. The Subsidiary Company has not stipulated any repayment schedules, and interest is also not charged by the company, and further the same is not in accordance with the provisions of section 185 and 186 of the Companies Act, 2013. | | | |
| | The Subsidiary Company has not followed accrual system of accounting and disclosure of accounting policy is not in accordance with IND AS 1 - Presentation of Financial Statement to this extent. We are unable to comment upon the settlement of finance income on the aforesaid loans and carrying value of the aforesaid loans and the consequential impact, if any that may arise on the above said matters. Consequently, in the absence of sufficient appropriate audit evidence we have not been able to corroborate the management’s contention of recoverability of balances. | | | |
| | 2. Payment of Managerial Remuneration is not as per Section 197 of the Companies Act, 2013 | | | |
| | The Subsidiary Company has accounted for managerial remuneration paid / payable to Directors of its Company aggregating Rs. 23.25 Lakhs for the financial years ended 31 March 2026 which is in excess of the limits prescribed under Section 197 of the Act, in respect of which approvals from the shareholders have not been obtained as prescribed, further, prior approval from the lenders of the Subsidiary Company in accordance with Section 197 has not been obtained by the Subsidiary Company. | | | |
b. Type of Audit Qualification: Qualified Opinion
c. Frequency of qualification: One Time
d. For Audit Qualification(s) where the impact is quantified by the auditor, Management's Views: Not Applicable
e. For Audit Qualification(s) where the impact is not quantified by the auditor:
(i) Management's estimation on the impact of audit qualification: As per Agreement, the impact of above qualification is not affecting the financial statements.
(ii) If management is unable to estimate the impact, reasons for the same:
(iii) Auditors' Comments on (i) or (ii) above: No Comments
III. Signatories:
- [Signature]
Hasmukh Nanalal Shah
(Managing Director)
- [Signature]
SHAILESH BAJIBHAI PATEL
Audit Committee Chairman
- [Signature]
P.H. [Signature]
Pratik H Vora
Partner of F H M S V & Co.
Statutory Auditor
Place: Indore
Date: 01-06-2026