Flexituff Ventures International Limited hereby submits the standalone and consolidated financial results for the quarter and financial year ended 31st March,2026
FLEXITUFF · price
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Flexituff Ventures reported a massive net loss of Rs. 13,487.87 lakhs for FY2026, a dramatic reversal from FY2025 profit of Rs. 23,564.66 lakhs. Revenue collapsed to Rs. 1,680.06 lakhs from Rs. 28,857.17 lakhs in the prior year. The company's current liabilities exceed current assets by Rs. 32,233.86 lakhs, resulting in complete erosion of net worth with negative equity of Rs. 10,682.58 lakhs. The auditors issued an ADVERSE OPINION, stating the financial statements do not give a true and fair view and questioning the appropriateness of the going concern basis of accounting. Banks have issued SARFAESI notices for outstanding Cash Credit and Working Capital Term Loans totaling Rs. 25,971.26 lakhs. The company also faced operational deadlock at its Kashipur plant due to labor strike and raw material shortages.
This is an extremely negative development for shareholders. The adverse auditor opinion, negative equity, massive losses, and SARFAESI notices indicate the company is in severe financial distress with material uncertainty about its ability to continue as a going concern. The stock faces significant risk of delisting or winding up.