Annual Report FY26: Rights Issue done, Agritech unit acquired, net loss widens
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Anirit Ventures (formerly Flora Textiles) filed its FY26 annual report. Company, now under Oilmax Energy control after Sept 2024 takeover, completed a Rights Issue of 1.2 crore partly paid-up shares at Rs 33 each and acquired 100% of Anirit Agritech Pvt Ltd. Consolidated revenue was just Rs 0.09 lakh with net loss widening to Rs 476.30 lakh versus Rs 165.86 lakh loss prior year. EPS was negative Rs 6.42. Promoter Oilmax filed NCLT merger scheme with Asian Energy Services Ltd. No dividend declared. 33rd AGM scheduled July 30, 2026.
Wider losses and near-zero revenue as company transitions post Oilmax takeover; Rights Issue and Agritech buy to fund future clean energy and agri plans.