Gangotri Textiles Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Gangotri Textiles reported unaudited financial results for Q1 FY26 showing zero revenue from operations and zero other income, indicating the company is not generating any business. The only expense recorded was ₹2.38 lakhs in other expenses, resulting in a loss before tax of ₹2.38 lakhs compared to a loss of ₹2.51 lakhs in the same quarter last year. The loss per share stood at ₹(0.0073). A critical note in the filing reveals that all of the company's assets have been taken over and sold by lenders, and interest has not been provided since September 2015 because the company could not pay. The results were classified under discontinued operations.
This is highly negative for shareholders — the company has no operating revenue, all assets have been seized by lenders, and the business is effectively defunct. The stock is likely a penny shell with very limited recovery prospects for equity holders.