AUDITED FINANACIAL RESULTS FOR THE YEAR ENDED 31.03.2026
Awaiting price reaction for this filing.
Gangotri Textiles Ltd reported zero revenue from operations for FY 2025-26, continuing its non-operational status. The company posted a net loss of Rs 6.71 lakhs compared to a loss of Rs 7.16 lakhs in the previous year. Total expenses were minimal at Rs 6.71 lakhs (mainly other expenses). The balance sheet reveals a critically distressed financial position with borrowings of Rs 246.18 crore against total assets of only Rs 15.20 crore. The company disclosed that all its assets were taken over and sold by lenders during 2015-16, and interest has not been provided since September 2015. Reserves & Surplus stands at negative Rs 34.36 crore. Auditors issued an unmodified opinion confirming the financial statements give a true and fair view.
The stock remains speculative as the company is essentially dormant with no revenue, negative equity, and massive debt of Rs 246+ crore. Shareholders face extreme risk given the near-zero value of assets versus liabilities. The clean audit opinion masks the underlying going concern issues.