The following matters inter alia have been considered, approved and taken on record by the Board of Directors: 1. Audited Standalone Financial Results along with Audit Report thereon ....
AKSHAR · price
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Akshar Spintex Limited reported a net loss of Rs 738.94 lakhs for FY2026, significantly higher than the Rs 444.81 lakh loss in FY2025 — a 66% increase in losses. Revenue from operations marginally increased to Rs 11,728.12 lakhs from Rs 11,676.91 lakhs (up ~0.4%). Finance costs dropped sharply to Rs 41.17 lakhs from Rs 108.95 lakhs due to debt reduction. However, depreciation rose to Rs 684.94 lakhs (up ~48%) and employee costs increased to Rs 610.69 lakhs, compressing profitability. Cash flow from operations turned positive at Rs 767.51 lakhs versus negative Rs 2,957.16 lakhs in the prior year. The statutory auditor issued an unmodified (clean) opinion but included an Emphasis of Matter noting that inventory and debtor/creditor balances were not independently verified. Unpaid statutory dues like professional tax were also noted.
The stock may face selling pressure as losses nearly doubled year-on-year despite flat revenue, raising concerns about cost management. However, positive operating cash flow and reduced debt servicing costs indicate improving operational efficiency. The auditor's Emphasis of Matter adds uncertainty around asset valuations.