Seemax Resources Ltd (544813)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Seemax Resources' revenue was ₹8.3 Cr, and net profit ₹1.9 Cr; the operating margin was 38.5%.
| Q4 FY26 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹8.3 | — | — |
| Operating profit | ₹3.2 | — | — |
| Net profit | ₹1.9 | — | — |
| EPS (₹) | 6.27 | — | — |
| Operating margin | 38.5% | — | — |
📢 Recent Corporate Announcements
Seemax Resources Limited announced the outcome of its Board of Directors meeting held on August 22, 2026. The Board approved the appointment of M/s. Jay Pandya & Associates as Secretarial Auditor for FY 2025-26. Additionally, M/s. Keyur Patel & Co., Chartered Accountants, was appointed as Internal Auditor for FY 2026-27. These appointments are standard corporate governance and statutory compliance measures.
- Appointment of M/s. Jay Pandya & Associates as Secretarial Auditor for FY 2025-26
- Appointment of M/s. Keyur Patel & Co. (FRN: 126346W) as Internal Auditor for FY 2026-27
- Board meeting commenced at 3:00 P.M. and concluded at 5:00 P.M. on August 22, 2026
Seemax Resources Limited announced the outcome of its Board of Directors meeting held on August 22, 2026. The Board approved the appointment of M/s. Jay Pandya & Associates as the Secretarial Auditor for FY 2025-26. Additionally, M/s. Keyur Patel & Co., Chartered Accountants, was appointed as the Internal Auditor for FY 2026-27. Both appointments represent standard statutory and compliance-related governance measures.
- Board meeting commenced at 3:00 P.M. and concluded at 5:00 P.M. on August 22, 2026
- M/s. Jay Pandya & Associates appointed as Secretarial Auditor for FY 2025-26 (Peer Review No. 7830/2026)
- M/s. Keyur Patel & Co. (FRN: 126346W) appointed as Internal Auditor for FY 2026-27
Seemax Resources announced that the Regional Director (North Western Region) has rejected its compounding application filed under Section 441 of the Companies Act, 2013. The application pertained to a violation of Section 185(1), which restricts loans, guarantees, or security provided to directors or related entities. The rejection order is dated July 14, 2026, and the company is currently evaluating legal remedies, including a potential appeal. This rejection leaves the company exposed to potential prosecution or higher penalties for the underlying compliance failure.
- Compounding application for violation of Section 185(1) (Loans to Directors) rejected by the Regional Director.
- The rejection order was issued on 14th July, 2026, and disclosed on 28th July, 2026.
- Company has a relatively small Net Worth of Rs 7 Cr compared to its Debt of Rs 12 Cr.
- Latest quarterly PAT (Mar 2026) was Rs 1.88 Cr, which may be impacted by future penalties.
- Company is evaluating legal recourse, including filing a fresh application or an appeal.
Seemax Resources reported a weak set of audited results for FY26, with revenue from operations declining 27.2% YoY to ₹9.57 Cr. Profit After Tax (PAT) fell by 25.8% to ₹1.75 Cr compared to ₹2.36 Cr in FY25. A significant concern is the 295% surge in short-term loans and advances to ₹6.37 Cr, while cash equivalents plummeted to just ₹10 Lakhs. The company recently listed on the BSE SME platform on July 7, 2026, following an IPO of 14 lakh shares.
- Revenue from operations contracted to ₹956.94 Lakhs in FY26 from ₹1,314.41 Lakhs in FY25.
- Net Profit (PAT) decreased to ₹174.88 Lakhs, resulting in a lower EPS of ₹5.83 vs ₹7.85 YoY.
- Short-term loans and advances increased sharply to ₹636.78 Lakhs from ₹161.09 Lakhs in the previous year.
- Cash and cash equivalents dropped significantly to ₹10.01 Lakhs from ₹79.99 Lakhs.
- Related party transactions include a loan of ₹61.80 Lakhs (closing balance) to Seemax Industries, a partnership firm linked to a director.
Seemax Resources reported a 9.7% growth in revenue from operations to ₹14.42 crore for FY26. However, Net Profit (PAT) declined by 25.7% to ₹1.75 crore, primarily due to a sharp drop in 'Other Income' from ₹1.85 crore to just ₹0.04 crore. Profitability was further pressured by a 41% increase in finance costs. The balance sheet shows a significant shift, with short-term loans and advances surging to ₹6.37 crore while cash reserves plummeted to ₹10.01 lakhs.
- Revenue from operations grew 9.7% YoY to ₹1,441.56 lakhs in FY26.
- Net Profit (PAT) fell 25.7% to ₹174.88 lakhs from ₹235.56 lakhs in the previous year.
- Finance costs increased by 41.1% to ₹167.36 lakhs from ₹118.58 lakhs.
- Short-term loans and advances surged by 295% to ₹636.78 lakhs from ₹161.09 lakhs.
- Cash and cash equivalents declined by 87.5% to ₹10.01 lakhs at year-end.
Seemax Resources reported a 9.7% YoY increase in revenue from operations to ₹14.42 Cr for FY26. However, Net Profit (PAT) declined significantly by 25.7% to ₹1.75 Cr, down from ₹2.36 Cr in FY25. This contraction was driven by a 41% surge in finance costs and a near-total disappearance of 'Other Income,' which fell from ₹1.85 Cr to just ₹0.04 Cr. The company recently listed on the BSE SME platform on July 7, 2026, following an IPO of 14 lakh shares.
- Revenue from operations grew 9.7% YoY to ₹1,441.56 lakhs in FY26.
- Net Profit after tax fell 25.7% to ₹174.88 lakhs compared to ₹235.56 lakhs in the previous year.
- Finance costs increased by 41.1% to ₹167.36 lakhs, impacting operating margins.
- Other Income saw a sharp decline of 97.5%, falling from ₹185.17 lakhs to ₹4.49 lakhs.
- Short-term borrowings rose to ₹647.05 lakhs from ₹499.52 lakhs YoY.
Seemax Resources Ltd has scheduled a board meeting for July 27, 2026, to review and approve its audited financial results for the half-year and full fiscal year ended March 31, 2026. The meeting is set to take place at 3:00 P.M. at the company's registered office in Vadodara. This is a routine regulatory requirement under SEBI Listing Obligations. Investors should monitor the subsequent filing for the actual financial performance and auditor's report.
- Board meeting scheduled for July 27, 2026, to approve audited financials
- Results pertain to the full fiscal year and half-year ended March 31, 2026
- Meeting is scheduled to commence at 3:00 P.M. at the Vadodara office
- Filing made pursuant to Regulation 29(1) of SEBI LODR Regulations
Seemax Resources Ltd responded to a BSE query on July 22, 2026, regarding significant movement in its stock price. The company officially stated that it has no undisclosed price-sensitive or material information that could have triggered the price action. Management confirmed that all disclosures required under SEBI (LODR) Regulations, 2015, have been made within the stipulated timeframes. The company maintains that the recent volatility is purely market-driven and not linked to any internal corporate developments.
- BSE issued clarification request Letter No - L/SURV/ONL/PV/SJ/ 2026-2027 / 4085 on July 22, 2026
- Company confirms 0 undisclosed material events or information as of the reporting date
- Management attributes price movement to natural market forces rather than internal news
- All SEBI (LODR) disclosures confirmed as up to date as of July 22, 2026
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