Axita Cotton Limited has informed the Exchange about Clarification Regarding Clerical Error.
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Axita Cotton Limited filed a clarification stating that its earlier submission dated August 11, 2025 for the quarter ended June 30, 2025 accidentally described the results as 'Audited' instead of 'Unaudited.' The company has resubmitted the disclosure with the correct subject line, emphasizing the error was purely typographical and not deliberate. Along with the correction, the actual financial results were filed: consolidated revenue from operations stood at Rs 15,669.73 lakhs with a net profit of Rs 132.92 lakhs (EPS Rs 0.04), while standalone net profit came in at Rs 161.18 lakhs (EPS Rs 0.05). The consolidated profit recovered from a Q4 FY25 loss of Rs 185.03 lakhs but is sharply lower than Rs 342.90 lakhs in Q1 FY25. The results also note that the company sold its 55% stake in subsidiary KPR Sports and Media Services Pvt Ltd on June 27, 2025, which has ceased to be a subsidiary. Mistry & Shah LLP carried out a limited review and reported no material misstatements.
This is essentially a paperwork correction with no change to actual numbers, so no material impact on shareholders. However, investors should note that Q1 FY26 consolidated net profit fell about 61% year-on-year despite higher revenue, indicating margin pressure. The exit from the sports subsidiary simplifies the group structure to focus on the core textile business.