Abhishek Corporation Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Awaiting price reaction for this filing.
The company (recently renamed from Abhishek Corporation Limited to Mahaalaxmi Texpro Limited) reported its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Revenue from operations has effectively dried up in Q3 FY26, falling to near zero compared to Rs 123.82 lakhs in the same quarter last year. The company posted a net loss of Rs 37.60 lakhs in Q3 FY26 versus a profit of Rs 346.93 lakhs in Q3 FY25, and a nine-month loss of Rs 127.12 lakhs (improving from a Rs 830.07 lakhs loss a year ago). The results include an exceptional item of Rs 150.54 lakhs in 9M FY26. The auditor issued an unqualified limited review report, but the filing notes that management is acting under the authority of a Liquidator, indicating ongoing insolvency or liquidation proceedings.
This is materially negative for shareholders — the textile business has lost almost all its quarterly revenue, the company continues to report losses, and the reference to a Liquidator signals serious going-concern and insolvency-related risks. Investors should expect heightened uncertainty around any recovery in share value and monitor the liquidation/CIRP process closely.