BSEArur Footwear LtdHighNeutral
Announced Fri, 13 Feb · 13:50 IST

As per the attachment. Revision in Net worth amount.

Going ConcernPat NegativeResults RestatedResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board approved unaudited standalone results for Q3 FY26 and 9M FY26. The company, recently rehabilitated from the Corporate Insolvency Resolution Process, reported its first revenue from operations of Rs. 2.89 lakhs in Q3 FY26 versus nil a year ago, and Rs. 7.26 lakhs for 9M FY26 versus Rs. 0.38 lakhs. Despite this small top-line start, losses widened sharply — net loss was Rs. 55.96 lakhs in Q3 (vs Rs. 19.85 lakhs loss) and Rs. 97.02 lakhs for 9M FY26 (vs Rs. 66.13 lakhs loss), driven by heavy employee costs (Rs. 31.96 lakhs) and other expenses (Rs. 62.94 lakhs). The headline also flags a 'Revision in Net worth amount.' Results are prepared on a going-concern basis as explicitly noted.

Likely market impact

Negative for shareholders — revenue is barely starting while expenses and losses are escalating, and the going-concern reference plus a net-worth revision suggest financial fragility. The BSE-approved name change is cosmetic and does not change the underlying weak fundamentals.