The Board of Directors of the Company in their Meeting held on 22nd May, 2026 has duly approved the Audited Financial Results of the Company for the Quarter and Financial year ended 31st March, 2026.
EUROTEXIND · price
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Eurotex Industries and Exports Limited reported audited financial results for Q4 and FY 2026. The company reported a net loss for the quarter and year ended March 31, 2026. The auditor from Lodha & Co. LLP issued an unqualified opinion but highlighted two key concerns: (1) A material uncertainty related to going concern due to cash losses, eroded net worth, and discontinued manufacturing operations at Kolhapur since 2019 with formal closure announced in 2022; (2) An emphasis of matter regarding Rs.305.54 lakhs electricity duty dispute where the Supreme Court ruled against the company on March 25, 2026, though the company plans to file a review petition. The auditor did not modify their opinion on these matters.
The company faces serious financial distress with eroded net worth and discontinued operations. While the auditor did not qualify the opinion, the going concern uncertainty and pending legal liability of Rs.305.54 lakhs present significant risk for shareholders. The stock may face continued pressure due to operational shutdown and net loss position.