Outcome of Board Meeting held on February 12, 2026
Price
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Awaiting price reaction for this filing.
Gokak Textiles' Board approved unaudited standalone and consolidated results for Q3FY26 and 9MFY26 on Feb 12, 2026. The company reported a standalone net loss of Rs 607.30 lakhs in Q3 and Rs 3,210.84 lakhs for 9MFY26, while consolidated loss stood at Rs 3,152.79 lakhs for 9MFY26. Revenue from operations fell sharply to Rs 4,920.25 lakhs (9MFY26) from Rs 7,193.90 lakhs in the year-ago period, a decline of over 30%. Net worth is fully eroded and current liabilities exceed current assets by Rs 5,034 lakhs. Statutory auditor Batliboi & Purohit issued an unmodified review report but explicitly flagged a material going concern uncertainty, noting the company depends on continued support from parent Shapoorji Pallonji (SPCPL), which has infused Rs 1,135 lakhs as perpetual loans during 9MFY26.
Stock price is likely to remain under pressure given deepening losses, revenue collapse, fully eroded net worth, and the auditor's going concern warning. The company's survival depends entirely on continued financial lifeline from its parent SPCPL; shareholders face significant dilution and credit risk if support is withdrawn.