Flexituff Ventures International Limited hereby submits Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.
FLEXITUFF · price
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Flexituff Ventures reported a massive net loss of Rs. 13,487.87 lakhs for FY 2026 compared to a profit of Rs. 23,564.66 lakhs in FY 2025. Revenue from operations collapsed to Rs. 1,680.06 lakhs from Rs. 28,857.17 lakhs in the prior year. The auditors issued an Adverse Opinion on both standalone and consolidated results, citing complete erosion of net-worth, current liabilities exceeding current assets by Rs. 32,233.86 lakhs, and significant doubt about the company's ability to continue as a going concern. The company has defaulted on borrowings of Rs. 25,971.26 lakhs with banks issuing SARFAESI notices. Operational disruptions occurred at the Kashipur plant due to labor strike from unpaid wages. The company also reversed deferred tax assets of Rs. 5,288.24 lakhs and failed to provide for loans to subsidiaries totaling Rs. 2,558.28 lakhs. Management is in a deadlock situation with no internal audit conducted during the year.
This is an extremely negative development for shareholders. The adverse audit opinion, massive losses, going concern doubts, and SARFAESI notices indicate the company is in severe financial distress with potential bankruptcy risk. The stock is likely to face significant selling pressure and could be delisted if operations cannot be revived.