Enclosed herewith the outcome of board meeting related to un-audited financial results for the quarter ended 30th June, 2025 for your information.
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The board, at its meeting on 11 August 2025, approved unaudited financial results for Q1 FY26. Total segment revenue stood at Rs. 67.85 lakhs, down from Rs. 78.00 lakhs in Q1 FY25 (about 13% decline), with the cotton yarn segment falling 22% to Rs. 52.43 lakhs while solar power revenue rose to Rs. 15.42 lakhs. The company reported a loss before tax of Rs. 26.34 lakhs for the quarter, narrower than the full-year FY25 loss of Rs. 201.55 lakhs. Net cash used in operating activities was negative at Rs. 8.48 lakhs, and closing cash and cash equivalents were a thin Rs. 7.68 lakhs against current borrowings of Rs. 441.90 lakhs. The statutory auditor, G.M. Pawle & Associates, issued an unmodified limited review report with no qualifications or emphasis of matter.
Continued quarterly losses and negative operating cash flow highlight ongoing stress in the core cotton yarn business, though the narrowing loss and growth in the solar segment are mildly encouraging. With cash of just Rs. 7.68 lakhs against Rs. 441.90 lakhs of short-term borrowings, liquidity remains a watchpoint for shareholders.