Audited Results 31 March, 2026
Awaiting price reaction for this filing.
Mahaalaxmi Texpro Limited reported a net loss of ₹135.54 lakh for FY2026 before exceptional items, and a total net loss of ₹2,175.19 lakh after accounting for ₹2,158.70 lakh in exceptional items. Total revenue declined sharply to ₹410.98 lakh from ₹793.70 lakh in the prior year. The company is in a dire financial position with negative net worth of ₹172.41 lakh as of March 2026, down from negative ₹36.87 lakh in the prior year. Reserves excluding revaluation reserves stand at negative ₹509.37 lakh. Operating cash outflow was ₹42.91 lakh and cash balances reduced to ₹48.47 lakh. Auditors noted the company incurred cash losses of ₹84.31 lakh during the year and flagged going concern uncertainty. Undisputed statutory dues overdue beyond 6 months are NIL, but disputed statutory dues of ₹147.13 lakh remain pending. The auditors issued an Unmodified Opinion with an Emphasis of Matter on the quarterly balancing figures.
The company is in severe financial distress with negative equity and mounting losses. Negative net worth and negative operating cash flow signal high risk of insolvency. Shareholders face potential erosion of value as the company may struggle to continue as a going concern without significant capital infusion or restructuring.