Standard Industries Reports Wider FY26 Net Loss; Board Approves Land Deal, Recommends Final Dividend

Standard Industries Limited's Board of Directors, at its meeting held on May 12, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. R. S. Gokani & Co., issued an unmodified audit opinion on the financial results for Financial Year 2025-26.

Standalone Financial Performance

On a standalone basis, the company's revenue from operations rose to ₹3,068.34 lakhs in FY26 from ₹2,234.98 lakhs in FY25. However, total expenses also increased sharply to ₹4,866.90 lakhs from ₹3,879.43 lakhs, resulting in a wider pre-tax and net loss for the year. The following table summarises key standalone financial metrics:

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited) Revenue from Operations (₹ Lakhs): 944.59 716.38 803.39 3,068.34 2,234.98 Total Income (₹ Lakhs): 851.83 802.11 816.37 3,107.68 2,500.68 Total Expenses (₹ Lakhs): 1,455.63 1,187.67 1,233.71 4,866.90 3,879.43 Loss Before Tax (₹ Lakhs): (603.80) (385.56) (417.34) (1,759.22) (1,378.75) Net Loss (₹ Lakhs): (603.80) (385.56) (419.03) (1,759.22) (1,380.44) Total Comprehensive Income (₹ Lakhs): (592.21) (385.56) (408.52) 206.80 (1,370.53) Basic & Diluted EPS (₹): (0.94) (0.60) (0.65) (2.73) (2.15)

The standalone total comprehensive income for FY26 turned positive at ₹206.80 lakhs, compared to a loss of ₹1,370.53 lakhs in FY25, primarily driven by other comprehensive income of ₹1,966.02 lakhs, which included ₹1,954.43 lakhs from equity instruments through other comprehensive income.

Consolidated Financial Performance

The consolidated results encompass Standard Industries Limited along with its subsidiaries — Standard Salt Works Limited and Mafatlal Enterprises Limited. Consolidated revenue from operations for FY26 stood at ₹3,433.10 lakhs, up from ₹2,792.41 lakhs in FY25. The consolidated net loss widened to ₹1,950.17 lakhs in FY26 from ₹1,350.97 lakhs in FY25.

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited) Revenue from Operations (₹ Lakhs): 972.27 773.06 883.81 3,433.10 2,792.41 Total Income (₹ Lakhs): 839.41 867.30 899.22 3,456.41 3,066.21 Total Expenses (₹ Lakhs): 1,560.59 1,329.19 1,337.74 5,406.68 4,410.59 Loss Before Tax (₹ Lakhs): (721.18) (461.89) (438.52) (1,950.27) (1,344.38) Net Loss (₹ Lakhs): (721.08) (461.89) (445.16) (1,950.17) (1,350.97) Total Comprehensive Income (₹ Lakhs): (709.88) (462.89) (434.01) 14.51 (1,340.92) Basic & Diluted EPS (₹): (1.12) (0.72) (0.69) (3.03) (2.10)

Segment-wise Performance

On a standalone basis, the company operates through two segments — Property Division and Trading. The Trading segment generated revenue of ₹3,068.34 lakhs for FY26 (FY25: ₹2,234.98 lakhs) and reported a segment profit before tax of ₹144.53 lakhs (FY25: ₹104.73 lakhs). The Property Division reported a segment loss before tax of ₹151.13 lakhs for FY26 (FY25: ₹168.17 lakhs). On a consolidated basis, the Manufacturing segment reported revenue of ₹364.76 lakhs for FY26 (FY25: ₹557.43 lakhs) and a loss before tax of ₹190.82 lakhs (FY25: profit of ₹34.72 lakhs).

Dividend and Key Corporate Actions

The board recommended a final dividend of Re. 0.25 per equity share of ₹5/- each (5% on face value) for FY26, subject to shareholder approval at the ensuing 129th Annual General Meeting. The record date for determining shareholder entitlement has been fixed as Tuesday, August 11, 2026, with payment on or before September 17, 2026. Earlier, the board had declared an interim dividend of ₹0.55 per equity share of ₹5/- each (11% on face value) at its meeting held on February 12, 2026, which was paid on March 11, 2026.

The board also approved the assignment of development rights over the land underlying Stanrose Apartment Building, admeasuring 1,937.30 sq. mtrs., situated at Kashinath Dhuru Marg, Chandrakant Dhuru Wadi, Dadar West, Mumbai-400028, to Prabhadevi Developer Private Limited. The key terms of the transaction are as follows:

Parameter: Details Land Area: 1,937.30 sq. mtrs. Location: Dadar West, Mumbai-400028 Developer: Prabhadevi Developer Private Limited Cash Consideration: ₹169,51,41,225/- (Rupees One Hundred and Sixty Nine Crores Fifty One Lakhs Forty One Thousand Two Hundred and Twenty Five only) Residential RERA Carpet Area Allocation: 25,774.61 sq. ft. spread over four flats and sixteen car parking spaces

Board and Governance Decisions

The board proposed the re-appointment of Shri Khurshed Thanawalla (DIN: 00201749) as a Non-Executive Independent Director for a period of five years with effect from May 19, 2027, subject to shareholder approval at the 129th AGM. Shri Thanawalla has over four decades of experience across the textile, shipping, trading, and other industries in India, East Africa, and South East Asia. The board also approved the re-appointment of M/s Bhatia & Poojari, Chartered Accountants (Firm Registration No. 141834W) as Internal Auditor for Financial Year 2026-27. The 129th Annual General Meeting has been scheduled for Tuesday, August 18, 2026, to be held through Video Conference/other audio visual means.

Standard Industries Limited has issued comprehensive guidelines to shareholders regarding Tax Deduction at Source (TDS) for the interim dividend declared by the Board of Directors on February 12, 2026. The communication, sent on February 17, 2026, provides detailed instructions for shareholders to ensure proper tax compliance for the dividend payment.

Dividend Payment Details and Timeline

The company has declared an interim dividend of ₹0.55 per equity share for the financial year 2025-26, with specific dates for shareholders to note:

Dividend Parameter: Details Interim Dividend: ₹0.55 per share Face Value: ₹5 per share Record Date: February 20, 2026 Payment Date: On/after March 11, 2026 Document Submission Deadline: February 20, 2026

TDS Framework for Resident Shareholders

For resident shareholders, the company has outlined specific TDS rates based on PAN availability and compliance. Tax will be deducted at 10% for shareholders with valid PAN linked to Aadhaar, while those without valid PAN will face 20% TDS as per section 206AA of the Income Tax Act.

Shareholder Category: TDS Rate Conditions Valid PAN with Aadhaar: 10% Standard rate Invalid/No PAN: 20% Higher rate applicable Dividend below ₹10,000: Nil No TDS deduction Form 15G/15H submitted: Nil If eligibility met

Non-Resident Shareholder Provisions

Non-resident shareholders will be subject to 20% TDS plus applicable surcharge and cess. However, they can avail benefits under Double Tax Avoidance Treaty (DTAA) by submitting required documents including Tax Residency Certificate, Form 10F, and self-declaration before February 20, 2026.

Exempted Categories and Documentation

Certain institutional investors are exempt from TDS upon providing appropriate documentation. Insurance companies registered with IRDA, SEBI-registered mutual funds under Section 10(23D), and Category I or II Alternative Investment Funds registered with SEBI can claim exemptions with proper self-declarations and certificates.

Compliance and Communication Channels

Shareholders must submit all TDS-related documents to designated email addresses: standardgrievances@rediffmail.com for the company and einward.ris@kfintech.com for the Registrar and Transfer Agent, KFin Technologies Limited. The company emphasized that no requests will be entertained after the February 20, 2026 deadline, and TDS certificates will be emailed to registered email addresses post-payment.

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