Shyam Telecom FY26 loss widens to ₹502 crore; revenue nil

What Shyam Telecom reported for FY26

Shyam Telecom Limited (NSE: SHYAMTEL) reported a net loss of ₹502.03 crore for the financial year ended March 31, 2026 (FY26). The loss widened sharply from ₹183.75 crore in FY25, based on the audited results approved by the company’s board. The company also disclosed that its net worth has been fully eroded.

The filing said revenue from operations remained nil for both the quarter and the full year ended March 31, 2026. Total revenue for FY26 was reported at ₹0.3824 crore, attributed to other income. The company reported total expenses of ₹5.3999 crore for the year, as stated in the disclosures.

Board meeting and regulatory timeline

Shyam Telecom had earlier informed exchanges that its Board of Directors would meet on May 26, 2026 to consider and approve the audited financial results for Q4 and FY26 ended March 31, 2026. The board subsequently approved the audited standalone financial results in the meeting held on May 26, 2026.

The company said it submitted the results to the exchange at 14:48 IST, citing compliance with SEBI Listing Obligations and Disclosure Requirements (LODR). The audited results were also published in Financial Express and Jansatta on May 27, 2026, as per the company’s disclosure.

Q4 FY26 snapshot

For the quarter ended March 31, 2026, Shyam Telecom reported a net loss of ₹0.3552 crore. The company’s filings reiterated that revenue from operations remained nil for the quarter as well.

Alongside the annual loss figure, the company reported a total comprehensive loss of ₹499.97 crore for FY26, compared with a total comprehensive loss of ₹184.81 crore in FY25.

Auditor view: unmodified opinion, but going-concern uncertainty

The statutory auditors issued an unmodified opinion on the audited financial results. At the same time, the company disclosed that the audit communication referred to material uncertainties regarding Shyam Telecom’s status as a going concern.

This combination is significant for investors tracking distressed balance sheets. An unmodified opinion indicates the auditors did not qualify the results, while the going-concern uncertainty highlights the seriousness of the company’s financial position as described in the filings.

Internal auditor reappointment for FY 2026-27

Beyond the financial results, Shyam Telecom’s board re-appointed M/s D R & Associates, Chartered Accountants, as Internal Auditor for the financial year 2026-27. The firm’s registration number (FRN) is 018213N, according to the exchange filing.

The company said the appointment was made under Regulation 30 of SEBI (LODR) Regulations, 2015, and that the firm will conduct internal audit of the company’s functions and activities.

Promoter pledge and encumbrance disclosure

In a separate disclosure to BSE and NSE dated April 6, 2026, Shyam Telecom promoters confirmed that no new encumbrance was created on the company’s shares during FY26, excluding prior disclosures. The company said the submission covered the period under review and confirmed no new encumbrance was made.

Dividend status noted in the filing context

Based on the information included in the material provided, there was no dividend declaration announced as part of the May 26, 2026 board meeting outcome. The same context also stated that the company’s publicly available dividend history does not record prior dividend payouts in recent years, and it referenced a dividend of ₹0.00 declared on November 29, 2001.

Key numbers and dates at a glance

Why these disclosures matter for investors

The FY26 numbers underline that Shyam Telecom reported a materially larger loss versus the previous year, alongside nil revenue from operations. The disclosure that the company’s net worth has been fully eroded adds context to the scale of financial stress.

For market participants, the audit language around material uncertainties related to going concern is a key reading point, because it frames the company’s ability to continue operations as described in its filings. Separately, the promoter encumbrance confirmation can matter for shareholders tracking pledge-related risk, since the company stated there was no new encumbrance during FY26.

What to track next

The latest audited filing closes the reporting cycle for FY26. Investors tracking the stock will likely watch for any subsequent exchange updates related to operations, financing, compliance actions, or further commentary around the company’s going-concern position, if disclosed through future filings.