Eastern Silk Industries Limited has informed the Exchange regarding Appointment of Mr Dilip Shah as Internal Auditor as Other of the company w.e.f. August 14, 2025.
EASTSILK · price
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Eastern Silk Industries reported Q1 FY26 (quarter ended June 30, 2025) results with revenue from operations of Rs 672.68 lakhs, up about 10.6% from Rs 608.01 lakhs in the same quarter last year. Total income stood at Rs 713.05 lakhs versus Rs 652.78 lakhs a year ago. Despite the revenue growth, the company posted a net loss of Rs 18.69 lakhs, though this was narrower than the Rs 40.91 lakhs loss in Q1 FY25. Total expenses of Rs 737.78 lakhs continued to exceed total income. The Board also appointed M/s N. Radhakrishnan & Co as Cost Auditor and Mr. Dilip Shah as Internal Auditor for FY 2025-26. The company recently emerged from an NCLT-approved resolution plan, with old equity of Rs 15.79 crores extinguished and fresh equity of Rs 1 crore (50 lakh shares of Rs 2 each) issued to the Successful Resolution Applicant.
The company remains loss-making and is in an early post-restructuring phase. While the narrowing loss and revenue growth are mildly encouraging, shareholders should expect continued volatility and watch for tangible signs of operational revival in coming quarters.