Gangotri Textiles Limited has informed the Exchange regarding ''. Finanacil Results
Awaiting price reaction for this filing.
Gangotri Textiles Limited reported zero revenue from operations for the quarter and year ended March 31, 2026, continuing its non-operational status. The company reported a net loss of Rs 6.71 lakhs for FY2026 compared to Rs 7.16 lakhs in the previous year. The balance sheet shows severe negative equity of Rs 343.56 crores against total assets of Rs 15.20 crores, with outstanding borrowings of Rs 246.18 crores. The company disclosed that all its assets were taken over and sold by lenders during 2015-16, and it has not been in operation since then. Interest on borrowings has not been provided since September 2015. The statutory auditors issued an unmodified (clean) opinion on the financial results. Related party transactions during the period were NIL.
The company is essentially a shell with no operations, massive debt of Rs 246+ crores against minimal assets, and consistent losses. The stock has been non-functional for years. Shareholders face extreme risk with negative equity indicating liabilities far exceed assets. The clean audit opinion despite this dire situation warrants caution.