Flexituff Ventures International Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
FLEXITUFF · price
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Awaiting price reaction for this filing.
Flexituff Ventures International's board, at its meeting on August 14, 2025, approved its unaudited standalone and consolidated financial results for Q1FY26 (quarter ended June 30, 2025). Revenue from operations collapsed to Rs 1,111.20 lakhs from Rs 7,995.16 lakhs in Q1FY25, while the company posted a standalone net loss of Rs 1,826.61 lakhs (EPS of Rs -5.57) versus a profit of Rs 27,468.97 lakhs a year ago. On a consolidated basis, the loss was Rs 1,846.46 lakhs with negative other equity of Rs 2,779.93 lakhs. The statutory auditor (Mahesh C. Solanki & Co.) issued a qualified review report, flagging recoverability of a Rs 5,681.75 lakhs deferred tax asset and potential impairment of the Kashipur CGU carrying Rs 23,004.33 lakhs in assets. The auditor explicitly highlighted a material uncertainty on the company's ability to continue as a going concern due to labour issues, underutilised capacity, and defaults in statutory payments. The board also set the 32nd AGM for September 30, 2025, re-appointed M/s Mahesh C. Solanki & Co. as statutory auditor for 5 years, and appointed M/s Ritesh Gupta & Co. as secretarial auditor for 5 years.
Negative for shareholders - the sharp revenue drop, swing to losses, qualified audit opinion, and going-concern doubt signal serious operational distress; expect stock price pressure and elevated risk. Two foreign subsidiaries are already under liquidation, compounding concerns.