Eastern Silk Industries Limited has informed the Exchange regarding Appointment of Mr M/s N. Radhakrishnan & Co, Cost Accountants as Other of the company w.e.f. August 14, 2025.
EASTSILK · price
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Awaiting price reaction for this filing.
Eastern Silk Industries reported Q1 FY26 (quarter ended June 30, 2025) revenue of ₹672.68 lakhs, up about 10.6% from ₹608.01 lakhs in Q1 FY25. However, the company continued to post a net loss of ₹18.69 lakhs, though this is narrower than the ₹40.91 lakhs loss a year ago. Total expenses stood at ₹737.78 lakhs, leading to a pre-tax loss of ₹24.73 lakhs. Separately, the Board appointed M/s N. Radhakrishnan & Co as Cost Auditor and Mr. Dilip Shah as Internal Auditor for FY 2025-26. The filing carries important context: the company has just emerged from the NCLT insolvency process, with a new equity infusion of ₹1 crore (50 lakh shares of ₹2 each) allotted to the successful resolution applicant in April 2025, and the third tranche of payments has been disbursed to financial creditors. Management states all resolution plan obligations are fulfilled and the focus is now on reviving operations, expanding markets, and cost optimization.
For shareholders, the results show improving top-line and shrinking losses, which is a positive early signal post-CIRP, but the company is still loss-making and very small in scale. The capital restructuring and management's stated revival focus are key positives, though execution and return to profitability remain the things to watch.