A covering letter along with Results, statement of assets & liabilities, Cash Flow and LRR arrached separately
Awaiting price reaction for this filing.
Niwas Spining Mills reported unaudited results for the quarter and half year ended 30 September 2025. Revenue from operations stood at nil/blank across all reported periods, with only small other income (Rs 0.03 lac in Q2 FY26 and Rs 0.18 lac for H1 FY26) keeping the company minimally active. The company posted a loss before tax of Rs 1.65 lac in Q2 FY26 and Rs 5.58 lac for H1 FY26, reversing the small profit of Rs 0.88 lac it had earned in H1 FY25. Reserves remain deeply negative at Rs (2,003.27) lac against share capital of Rs 1,408.93 lac, meaning shareholders' equity is essentially wiped out. Operating cash flow, however, improved to Rs 66.66 lac inflow in H1 FY26 from Rs 7.86 lac a year ago, helped by a large build-up in current liabilities. The auditor's limited review report (ABNJ & Co) did not flag any material misstatement, though a note in the filing references a qualified opinion.
This is a micro-cap textile company showing signs of severe financial stress — zero operating revenue, persistent losses and negative reserves. Existing shareholders face continued dilution risk and limited visibility on a turnaround; the stock is highly speculative and illiquid.