Approval of unaudited financial results of the company for the third quarter ended 31.12.2025
Awaiting price reaction for this filing.
Simplex Mills Company reported weak unaudited results for Q3 FY26 with revenue from operations falling to Rs 6.35 lakhs from Rs 8.98 lakhs in the same quarter last year, a decline of about 29%. The company swung to a net loss of Rs 1.81 lakhs in Q3 compared to a small profit of Rs 0.68 lakhs a year ago. For the nine months ended December 2025, the loss widened to Rs 5.91 lakhs from Rs 1.41 lakhs in the prior year period. Other equity is deeply negative at Rs (647.87) lakhs, meaning the company's net worth is fully eroded. The auditor has flagged an Emphasis of Matter stating that accumulated losses and fully eroded net worth create uncertainty about the company's ability to continue as a going concern, though management believes the going concern basis is appropriate.
This is a deeply negative update for shareholders — persistent losses, shrinking revenue, fully eroded net worth, and an explicit going concern flag from the auditor. The stock is likely to remain under pressure and faces heightened risk of further corporate action or delisting concerns.