Akshar Spintex Limited has informed the Exchange regarding Board meeting held on February 13, 2026 and the following matters inter alia have been considered, approved and taken on record by the Board of Directors:1. Considered and approved the Unaudited Standalone Financial Results along with Limited Review Report by the Auditor thereon, of the Company for the Quarter ended on 31st December, 20252. No other matters discussed in the meeting
AKSHAR · price
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The board approved unaudited standalone financial results for the quarter ended December 31, 2025. Revenue from operations rose about 32% year-on-year to Rs 3,435.12 lakhs (from Rs 2,597.41 lakhs) and about 54% sequentially from Rs 2,234.18 lakhs in Q2 FY26. However, the company posted a net loss of Rs 379.50 lakhs for the quarter, wider than the Rs 196.82 lakhs loss in Q2 and Rs 233.35 lakhs loss in Q3 last year. For nine months FY26, losses deepened sharply to Rs 699.97 lakhs from Rs 330.55 lakhs a year ago, while nine-month revenue dipped slightly to Rs 8,288.10 lakhs from Rs 8,618.56 lakhs. The auditor flagged in an 'Other Matters' paragraph that the company did not inspect fixed assets or inventories and did not maintain a fixed asset register, preventing the auditor from obtaining sufficient evidence on the existence and condition of these assets.
Despite a strong quarterly revenue rebound, the company continues to report widening losses and the auditor's inability to verify physical assets raises governance and internal control concerns. Shareholders should expect continued pressure on the stock and watch for any signs of cost recovery or audit qualifications in the full-year results.