Outcome of Board Meeting held on 07.11.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025. From continuing operations (cotton yarn trading), Q2 revenue was Rs 207 lacs versus Rs 129 lacs in Q1, with H1 revenue of Rs 336 lacs. The company reported a loss before tax of Rs 39 lacs for Q2 and Rs 52 lacs for H1 from continuing operations, and a loss of Rs 23 lacs from discontinued operations. The company received full consideration of Rs 87.14 crores from the sale of 25.76 acres of land, used the proceeds to clear all bank dues and major liabilities, and has now pivoted to cotton yarn trading. Cash flow from operations remained negative at Rs (92) lacs for H1, and consolidated other equity stood at Rs (2,462) lacs, indicating negative net worth.
Shareholders should note this marks a major restructuring – the company sold its main land asset, wiped out bank debt, and restarted as a small yarn trader, but the business is still loss-making with negative consolidated equity, signalling high execution and going-concern risk for the new trading venture.