Siddhi Acquisition Q1 FY26 swings to net income of $2.24 million

• Siddhi Acquisition posted net income of USD 2.24 million for quarter ended March 31, 2026, swinging from a net loss of USD 43,850 a year earlier.
• Interest income from Trust Account investments totaled USD 2.46 million, while general and administrative costs were USD 218,386.
• Investments held in Trust Account rose to USD 288.44 million, with cash outside the trust at USD 456,983.
• Net cash used in operating activities was USD 207,911, while management said substantial doubt exists about going-concern status given mandatory liquidation if no business combination is completed by Jan. 2, 2027, unless extended.

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