As per attachment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glittek Granites Ltd reported a massive revenue decline for FY2026. Total income dropped to Rs 140.59 Lakhs from Rs 3,332.91 Lakhs in FY2025, a fall of about 96%. The company posted a loss of Rs 39.45 Lakhs before tax compared to a profit of Rs 746.86 Lakhs in the previous year. Cash flow from operations turned negative at Rs 224.65 Lakhs (vs positive Rs 7.89 Lakhs). The auditors issued an unqualified opinion but drew attention to the company's non-compliance with MSME Act on delayed payments to vendors. Shareholder equity declined from Rs 1,153.67 Lakhs to Rs 1,094.38 Lakhs. The company sold old inventory at scrap value as it had no movement for over 5 years.
The company has suffered a near-complete collapse in revenue and turned loss-making with negative operating cashflow. This is a severe deterioration in financial health and shareholders should be cautious about the company's going concern status.