BSEFutura Polyesters LtdHighNeutral
Announced Tue, 8 Sept, 2026 · 18:41 IST
Futura Polyesters posts loss for Q2 and H1 FY24 with qualified auditor opinion
Going ConcernQualified OpinionPat NegativeDebt Equity ThresholdResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Futura Polyesters filed delayed Q2 and H1 FY24 results (for Sep 2023, filed Jun 2026). Loss before tax was Rs. 139 lakhs for Q2 and Rs. 276 lakhs for H1. Auditor gave a qualified opinion citing unprovided finance costs on NPA borrowings and going concern doubt. Net worth is fully eroded at negative Rs. 42,167 lakhs. Manufacturing has been discontinued since 2012. Company exited CIRP in Aug 2023 and paid Rs. 243 crore OTS to lenders in Jun 2025, yet shares remain under trading suspension.
Likely market impact
Serious financial distress signal. Negative net worth, qualified audit, and going concern doubt raise red flags despite OTS settlement.