BSEModern Denim LtdHighNeutral
Announced Wed, 1 Jul · 12:19 IST

FY26 results with qualified audit opinion; negative net worth persists

Going ConcernQualified OpinionEmphasis Of MatterPat NegativeExceptional ItemNegative Operating CashflowResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board approved audited results for Q4 and FY ended March 2026. FY26 revenue stood at Rs 2323.33 lacs, broadly flat year on year. Net loss widened to Rs 890.92 lacs from Rs 568.50 lacs a year ago, with EPS at minus Rs 2.37. Auditor issued a qualified opinion, flagging non-provisioning of about Rs 757 lacs in interest and amortisation. Going concern uncertainty is flagged given fully eroded negative net worth of minus Rs 7529.82 lacs and pending NCLT scheme awaiting BSE approval.

Likely market impact

Weak financials with widening losses, qualified audit opinion, and deeply negative net worth. Recovery hinges on pending NCLT scheme and BSE nod.