This is to inform you that, the Board of Directors at their meeting held on today i.e.26th May, 2025, 4:00 P.M. at 4th Floor, 1, Laxminagar Co. Op. Society, Naranpura, Ahmedabad -380013, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 4.9 pts more 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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The board approved audited standalone results for Q4 and FY25. Revenue from operations grew marginally to ₹2,898 lakhs (vs ₹2,758 lakhs in FY24), but total income slipped to ₹2,933 lakhs from ₹3,058 lakhs. The company swung from a small profit of ₹6.58 lakhs last year to a net loss of ₹190.47 lakhs in FY25, with EPS at -₹3.10. Total borrowings nearly doubled to ₹1,934 lakhs, pushing the debt-to-equity ratio to about 1.86x (from ~1.09x). Shareholders' equity fell to ₹1,041 lakhs from ₹1,231 lakhs, and the company's cash balance remained in overdraft at -₹586 lakhs. Despite this, operating cash flow was positive at ₹390 lakhs, and the auditor (M/s GMCA & Co.) issued an unmodified (clean) opinion. The company operates in textiles — cotton, yarn and fabrics.
Negative — shareholders should note the swing to a full-year loss, the sharp rise in borrowings, the erosion of equity, and the ongoing overdraft position. While the audit report is clean, the deteriorating fundamentals signal financial stress and warrant caution.