Outcome of Board Meeting held today i.e. Saturday, 14th February, 2026.
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Awaiting price reaction for this filing.
Aritas Vinyl Ltd's Board approved unaudited standalone financial results for the half-year ended September 30, 2025 (H1 FY26) along with the Limited Review Report. The company manufactures PVC leather cloth. A key concern is that operating cash flow turned sharply negative at Rs. (-52.86) lakhs in H1 FY26 versus Rs. 877.75 lakhs for the full FY25. On the balance sheet, reserves & surplus rose from Rs. 783.77 lakhs to Rs. 1,072.31 lakhs and long-term borrowings increased from Rs. 1,070.73 lakhs to Rs. 1,254.47 lakhs. The auditor flagged that physical verification of inventory and property, plant & equipment could not be independently confirmed, and that debtor, creditor and advance balances are subject to confirmation and reconciliation, though the auditor explicitly stated its conclusion was not modified.
Despite continued accretion to reserves, the swing to negative operating cash flow points to working-capital stress (likely from rising receivables and a large Rs. ~1,029 lakh drop in trade payables). With total debt near Rs. 3,885 lakhs against shareholders' funds of Rs. 2,341 lakhs, leverage remains elevated and should be watched closely by shareholders.