a. Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2025. In this connection we are enclosing herewith a copy ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, which met on February 13, 2026, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Separately, CFO Mrs. Ramaprabha S resigned effective the same day citing personal reasons. The auditor's limited review report flagged three emphasis-of-matter issues: (1) debt restructuring under the SLBC/RBI Natural Calamities package has not been accepted by South Indian Bank (7% exposure) and one NBFC with dues of Rs. 6.50 crore, with the matter pending before the RBI Ombudsman; (2) outstanding trade payables of Rs. 7,884.41 lakhs, with Rs. 913.54 lakhs under recovery notices and some creditors approaching the NCLT; and (3) the company's net worth has turned negative at Rs. 147.34 lakhs on a standalone basis and Rs. 1,401.43 lakhs on a consolidated basis as of December 31, 2025. The consolidated results include the wholly-owned US subsidiary KG Denim (USA) Inc. and subsidiary Trigger Apparels Limited, both with negligible revenues.
This is a high-risk filing. Negative net worth, dissenting lenders, and a pile-up of overdue trade payables point to serious financial distress, while the abrupt CFO exit adds governance uncertainty. Shareholders should expect negative sentiment and potentially further stock-price pressure; near-term recovery depends on successful resolution of the debt restructuring and creditor settlements.