Satyam Silk Mills posts Rs 110.88 lakh comprehensive loss

Satyam Silk Mills Limited recorded a Rs 110.88 lakh total comprehensive loss in the quarter ended September 30, 2026, after reporting nil revenue from operations, a Rs 5.41 lakh loss after tax and a Rs 105.47 lakh other-comprehensive-income loss. The board approved the unaudited results on November 12, 2026.

What did Satyam Silk Mills report for the September 2026 quarter?

Satyam Silk Mills reported no revenue from operations in the quarter ended September 30, 2026, and recorded Rs 15.76 lakh of other income, taking total income to Rs 15.76 lakh. Revenue from operations was also nil in the June 2026 quarter and in the quarter ended September 30, 2025, according to the unaudited results.

Satyam Silk Mills reported a loss after tax of Rs 5.41 lakh for the September 2026 quarter, against profit after tax of Rs 13.77 lakh in the June 2026 quarter and a loss after tax of Rs 23.54 lakh in the September 2025 quarter. Loss before tax was Rs 5.87 lakh in the latest quarter, while earnings per share were a loss of Rs 0.29, compared with positive Rs 0.76 in June 2026 and a loss of Rs 1.24 a year earlier.

The September result shows that other income, rather than operating revenue, was Satyam Silk Mills’ only reported income line for the quarter. The company said it operates in a single business segment, meaning it did not provide a segment-level split of income, expenses or assets under Indian Accounting Standard 108.

Why was Satyam Silk Mills’ comprehensive loss higher than its net loss?

Satyam Silk Mills recorded a Rs 105.47 lakh loss in other comprehensive income, or OCI, in the September 2026 quarter, widening its Rs 5.41 lakh loss after tax to a Rs 110.88 lakh total comprehensive loss. The company’s statement presents OCI separately from profit or loss and identifies items that will not be reclassified to profit and loss, along with the related tax effect.

The cash-flow statement refers to fair-value changes on financial assets, while the balance sheet reported non-current investments of Rs 16.96 crore and current investments of Rs 8.68 crore at September 30, 2026. These investment balances were reported alongside the quarterly OCI loss, although the filing does not separately quantify the fair-value movement by individual investment.

The comprehensive outcome changed from a gain in the preceding quarter. Satyam Silk Mills reported total comprehensive income of Rs 14.71 lakh in the June 2026 quarter, compared with a Rs 110.88 lakh total comprehensive loss in September 2026. In the quarter ended September 30, 2025, total comprehensive loss was Rs 136.89 lakh, Rs 26.01 lakh more than the latest quarter’s loss.

How did Satyam Silk Mills’ balance sheet change by September 2026?

Satyam Silk Mills reported total assets of Rs 26.72 crore at September 30, 2026, compared with Rs 26.74 crore at March 31, 2026. The Rs 2.37 lakh reduction reflected a fall of Rs 1.11 crore in non-current investments, partly offset by a Rs 4.39 lakh increase in current investments.

Total equity was Rs 24.16 crore at September 30, 2026, down from Rs 25.12 crore at March 31, 2026. Share capital was unchanged at Rs 1.85 crore, while other equity fell to Rs 22.31 crore from Rs 23.27 crore, a reduction of Rs 96.17 lakh that matched the half-year total comprehensive loss reported by the company.

Satyam Silk Mills reported deferred tax liabilities of Rs 1.41 crore at September 30, 2026, down from Rs 1.50 crore at March 31, 2026. Current liabilities increased to Rs 14.32 lakh from Rs 11.79 lakh, including provisions of Rs 8.94 lakh and other current liabilities of Rs 1.40 lakh at the September reporting date.

What do Satyam Silk Mills’ half-year cash and investment figures show?

Satyam Silk Mills had cash and cash equivalents of Rs 1.58 lakh at September 30, 2026, compared with Rs 62,000 at March 31, 2026. The increase of Rs 96,000 came as the company reported current investments of Rs 8.68 crore, substantially exceeding its cash balance.

The half-year cash-flow statement recorded net cash used in operating activities of Rs 28.53 lakh for the period ended September 30, 2026. It also recorded net cash used in investing activities of Rs 32.19 lakh, compared with Rs 6.38 crore used in investing activities in the half year ended September 30, 2025.

The cash-flow statement includes purchases and sales of investments, dividend income and interest received within investing activities. The reported cash-flow categories and balance-sheet figures therefore show that investments, rather than cash balances, were the principal financial-asset holdings at September 30, 2026.

What did the auditor and rights-issue disclosure say?

Satyam Silk Mills’ statutory auditor issued an unmodified review conclusion on the unaudited results for the quarter and half year ended September 30, 2026. A R Sodha & Co. said its review was conducted under Standard on Review Engagements 2410 and that nothing had come to its attention to indicate a material misstatement or a failure to make required disclosures.

The audit committee reviewed the results and the board approved them on November 12, 2026. The board meeting began at 3:30 pm and concluded at 4:00 pm, according to the filing made to BSE Limited.

Separately, Satyam Silk Mills said there was no deviation or variation in the use of proceeds raised through its rights issue for the quarter ended September 30, 2026. It said unutilised rights-issue proceeds were temporarily invested in money-market mutual funds pending actual utilisation, without disclosing a date or amount for that utilisation.

Conclusion

Satyam Silk Mills’ September 2026 filing recorded nil operating revenue, Rs 15.76 lakh of other income and a Rs 5.41 lakh quarterly loss after tax. The Rs 105.47 lakh OCI loss was the larger reported movement, resulting in a Rs 110.88 lakh total comprehensive loss and contributing to equity declining to Rs 24.16 crore from Rs 25.12 crore at March 31, 2026.

The next disclosed matter to watch is the actual utilisation of rights-issue proceeds that remained temporarily invested in money-market mutual funds at the September 30, 2026 disclosure. Subsequent results will also show whether Satyam Silk Mills reports operating revenue after the September 2025, June 2026 and September 2026 quarters each recorded nil revenue from operations.