Further to our letter dated 19th May, 2026 and Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations & Disclosures) Regulations, 2015, We wish to inform you that the ....
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GTN Industries reported a significant deterioration in financial performance for FY2026 ended March 31. Total income declined to Rs 16,056 lakhs from Rs 17,250 lakhs in the prior year, while the company swung to a net loss of Rs 1,072 lakhs compared to a profit of Rs 465 lakhs in FY2025. The quarterly Q4 loss widened to Rs 491 lakhs on revenue of Rs 3,791 lakhs. The statutory auditors LODHA & CO LLP issued an unmodified (clean) audit opinion on the annual financial statements. The board also noted an exceptional charge of Rs 118 lakhs towards incremental employee liability under new Labour Codes. Additionally, the proposed preferential equity share issuance was deferred to a future board meeting.
The sharp swing from profit to loss and revenue decline are negative signals for shareholders. The clean audit provides some comfort, but the widening losses and negative operating cash flow of Rs 55.56 lakhs suggest continued operational challenges for this textile manufacturer.