Outcome of the Board meeting held on 10th November, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved standalone and consolidated unaudited financial results for Q2 FY26 and H1 FY26. Standalone revenue from operations for Q2 rose ~9.6% YoY to Rs. 343.88 lakhs, but the company swung to a net loss of Rs. 120.06 lakhs versus a profit of Rs. 13.03 lakhs in Q2 FY25. For H1 FY26, the net loss widened sharply to Rs. 131.88 lakhs (from Rs. 7.24 lakhs loss in H1 FY25), with EPS at Rs. (1.54). The company explicitly cited permanent and complete closure of its textile processing unit at Dombivali as a key reason for the fall in sales. Cash from operations turned sharply negative at Rs. (382.55) lakhs in H1 FY26, and cash reserves dropped to Rs. 58.52 lakhs. The auditor (RHAD & Co.) issued a clean limited review report with no qualifications.
Weak set of results for shareholders — losses have deepened materially, the company is burning cash from operations, and a key processing unit has been shut down permanently, raising concerns about the core business outlook. Despite the negatives, the company carries no debt on a standalone basis, providing some cushion, but the deteriorating cash position and persistent losses are red flags.