Please find attached herewith the Unaudited Financial Results of the Company along with the Limited Review Report for the quarter and nine months ended 31 December, 2025
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E-Land Apparel reported unaudited results for Q3 FY26 showing revenue from operations of Rs. 6,599.23 lakhs, down slightly from Rs. 6,725.21 lakhs a year ago. The company posted a loss before tax of Rs. 1,247.79 lakhs in Q3 and Rs. 3,698.15 lakhs for the nine-month period, compared to a profit of Rs. 312.85 lakhs and Rs. 665.58 lakhs respectively in the prior-year periods. The auditor (Singhi & Co.) flagged a material uncertainty about the company's ability to continue as a going concern, noting that accumulated losses of Rs. 53,276.93 lakhs have fully eroded the net worth. Management is relying on financial support from the Korean holding company (E-Land) to continue operations.
This is a significant negative signal for shareholders — persistent losses and a negative net worth mean the company's solvency depends entirely on its parent group's continued support. Shareholders should expect continued pressure on the stock and the possibility of further capital erosion or restructuring.