We herewith enclose the outcome of the Board Meeting held today along with respective annexures.
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Eastern Treads Ltd reported FY2026 revenue of Rs 6,241.11 lakhs vs Rs 6,023.29 lakhs in FY2025, a marginal 3.6% increase. The company turned profitable with PAT of Rs 8.56 lakhs compared to a loss of Rs 303.12 lakhs in FY2025, aided by an exceptional gain of Rs 205.03 lakhs from extinguishment of financial liabilities. Other Equity stands at negative Rs 1,803.65 lakhs with accumulated losses of Rs 3,107.33 lakhs. The Board approved appointment of Mr. Karandeep Singh as Additional Non-Executive Independent Director for 5 years, and re-appointed M/s RGN Price and Co. as Internal Auditors for FY26-27. The statutory auditor issued an unmodified opinion on the financial statements.
Despite returning to profitability, the company's net worth remains significantly eroded with negative equity of Rs 1,262.42 lakhs. The going concern assessment by management indicates material uncertainty about the company's ability to continue operations. Shareholders should monitor liquidity and debt repayment capacity closely.