Disclosure under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015…
As filed · Disclosure under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to approval of the Scheme of Arrangement between Siyaram Silk Mills Limited and
What happened
FactThe filing indicates a change in the company secretary at SIYSIL, with a certified copy of the Tribunal order enclosed and uploaded on the company's website. The company will take further steps as required to implement the Scheme. The corporate and registered office addresses are provided.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
RevisedWe reported an EBITDA of ₹84 crores, with an EBITDA margin of 13.2%, compared to ₹83 crores in Q3 FY25.
Profit After Tax (PAT) for the quarter was ₹42 crores, against ₹46 crores in Q3 FY25, with a PAT margin of 6.6%.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- We remain confident in achieving our targeted store count of total 70 stores across both brands by FY'27, supp (management committed by FY27)
- We have given a guidance earlier in the last quarter of about approximately 12% revenue growth with a 14% kind (management committed by FY27)
Evidence
- Disclosure under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to approval of the Scheme of Arrangement between Siyaram Silk Mills Limited and its shareholders - Certified copy of the NCLT order is enclosed(opens the original filing in a new tab)
- Earlier statement · Q3 FY26
- Latest statement · Q3 FY26
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%