Shrydus Industries Ltd (511493)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shrydus Industries' net interest income was ₹0.8 Cr, and net profit ₹-2.9 Cr (a bigger loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹0.8 | — | — |
| Net profit | ₹-2.9 | loss widened | loss widened |
| EPS (₹) | -0.90 | loss widened | loss widened |
📢 Recent Corporate Announcements
Shrydus Industries Limited has announced the resignation of Mr. Ashok Chaganlal Thakkar (DIN: 00945584) from his position as a Non-Executive, Non-Independent Director, effective August 14, 2026. The director cited pre-occupation elsewhere and an inability to devote time as the primary reason for stepping down, confirming no other material reasons. The filing confirms that Mr. Thakkar holds no other directorships or committee positions in listed entities. The company operates in the NBFC segment with a micro market cap of Rs 12 Cr and reported FY26 revenue of Rs 0.21 Cr.
- Cessation of Non-Executive, Non-Independent Director Ashok Chaganlal Thakkar effective August 14, 2026
- Reason cited: Pre-occupation elsewhere preventing adequate time commitment
- Listed entity directorships and committee memberships held: NIL
Shrydus Industries reported revenue from operations of Rs 80.23 lakh for the quarter ended June 30, 2026, up from Nil in the corresponding period of the previous year. The company posted a significant net loss of Rs 288.46 lakh for the quarter. In their limited review report, statutory auditors highlighted concerns over expired and obsolete inventory sold at nominal values without full impairment accounting, alongside an unverified investment of Rs 11.42 lakh. Additionally, the company disclosed that a Share Purchase Agreement was terminated on August 11, 2026, due to failure to pay the agreed purchase consideration.
- Revenue from operations stood at Rs 80.23 lakh for the quarter ended June 30, 2026, compared to Rs Nil in June 2025
- Net loss widened sharply to Rs 288.46 lakh for Q1 June 2026 compared to a loss of Rs 0.90 lakh in June 2025
- Auditor flagged potential impairment on expired/obsolete inventory sold at substantially nominal values
- Auditor raised concerns regarding the recoverability of Rs 11.42 lakh invested in the name of a deceased individual
- Received termination notice on August 11, 2026, for a Share Purchase Agreement due to non-payment of agreed purchase consideration
Shrydus Industries reported Q1 (quarter ended June 30, 2026) revenue from operations of ₹80.23 lakh compared to nil in the corresponding quarter of the previous year. The statutory auditor issued qualifications regarding distressed sale of expired/obsolete inventory at nominal values and uncertain recoverability of an ₹11.42 lakh investment in a deceased person's name. Furthermore, the company disclosed that a Share Purchase Agreement was terminated on August 11, 2026, due to default in paying the agreed consideration.
- Revenue from operations reported at ₹80.23 lakh for the quarter ended June 30, 2026 vs Nil in June 2025
- Statutory auditor flagged potential impairment due to expired/obsolete inventory sold at nominal prices
- Auditor questioned recoverability of ₹11.42 lakh investment held in the name of deceased individual Mr. Aziz Akbar Bbaidani
- Received termination notice on August 11, 2026 for a Share Purchase Agreement due to failure to pay purchase consideration
Shrydus Industries Limited has terminated its Share Purchase Agreement (SPA) dated October 9, 2024, for the 100% acquisition of Roopaya General Trading Company L.L.C. The termination resulted from the company's failure to pay the agreed purchase consideration and fulfill requisite obligations within the stipulated timelines. Given the company's small market cap of Rs 13 Cr and negligible TTM revenue, this failed acquisition highlights significant execution and financial constraints.
- Termination of Share Purchase Agreement dated 09th October, 2024
- Proposed acquisition involved a 100% stake in Roopaya General Trading Company L.L.C.
- Failure to pay agreed purchase consideration cited as the primary reason for termination
- Company reported TTM revenue of Rs 0 Cr and a market cap of only Rs 13 Cr
- Management confirms no further transfer of shares will occur under this agreement
Shrydus Industries Ltd has scheduled a board meeting for August 14, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. This announcement is a routine regulatory requirement for the micro-cap NBFC, which has a market capitalization of just Rs 13 Cr. The company's financial performance has been under pressure, with FY26 revenue falling to Rs 0.21 Cr from Rs 4.51 Cr in FY25. Investors will be looking for signs of operational recovery as TTM revenue currently stands near zero.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Trading window for insiders has been closed since July 1, 2026
- Company reported a low revenue of Rs 0.21 Cr for the full year FY26
- Market capitalization is currently Rs 13 Cr with a net worth of Rs 43 Cr
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
