Pursuant to the Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 we wish to inform you that the Board of Directors at their meeting held on Saturday, ....
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Bindal Exports Ltd (a Surat-based textile company) announced audited full-year results for FY25. Total revenue declined to ₹2,706 lakhs from ₹3,041 lakhs in FY24, a drop of about 11%. The company swung to a net loss of ₹98.60 lakhs in FY25 versus a profit of ₹32.47 lakhs in FY24, mainly due to an extraordinary item of ₹(137.19) lakhs that wiped out operating profits. EPS turned negative at ₹(2.14) vs ₹0.71 earlier. On the balance sheet, the company cleared its short-term borrowings entirely (down from ₹408.30 lakhs to nil) and sharply reduced inventories and fixed assets, indicating asset sales or business contraction. Cash from operations was healthy at ₹309.30 lakhs. The statutory auditor issued a Qualified Opinion flagging four issues: non-provision for gratuity, leave salary and bonus on accrual basis, and a ₹25 lakh donation made without prior shareholder approval under Section 181.
Negative for shareholders — the company moved from profit to loss, revenue shrank, and the auditor flagged multiple qualifications including a regulatory non-compliance. However, the debt has been fully repaid and operating cash flows remain positive, which provides some comfort on near-term solvency.