Considered & approved unaudited Financial Statement for the quarter ended 30.09.2025
Awaiting price reaction for this filing.
The Board of Simplex Mills Company approved unaudited results for Q2 and H1 FY26 on 12 November 2025. The company remains in deep financial distress: total equity is negative at Rs (351.93) lakhs, confirming fully eroded net worth, against total assets of Rs 705.06 lakhs and borrowings of Rs 287.31 lakhs. The auditor (Khandelwal & Mehta LLP) issued an Emphasis of Matter flagging that accumulated losses and fully eroded net worth create a material uncertainty about the company's ability to continue as a going concern, though management is preparing accounts on a going concern basis. The company reported a net loss of Rs 4.10 lakhs for H1 FY26 (vs Rs 2.09 lakhs loss a year ago) and negative operating cash flows of Rs (14.87) lakhs. Cash and equivalents fell sharply from Rs 10.20 lakhs to Rs 1.35 lakhs.
This is a negative filing - the company has negative book value, persistent losses, weak operating cash flows, and an auditor-raised going concern flag, signaling serious financial health risks for shareholders and suggesting the stock remains a high-risk, thinly-traded investment.