Outcome of the meeting of board of directors pursuant to regulation 30 and 33 of sebi (lodr)regulations. 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KG Denim Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 2026. The company returned to profitability with net profit before tax of Rs 85.12 Lakhs, a significant turnaround from a loss of Rs 6,720.81 Lakhs in the previous year. Total income stood at approximately Rs 20,952 Lakhs. However, operating cash flow remained deeply negative at Rs -3,811.74 Lakhs, and total borrowings are high at Rs 25,589 Lakhs against equity of only Rs 349 Lakhs. The Board also approved the sale of non-factory vacant land at Karamadai, Coimbatore as part of a restructuring scheme with bankers, subject to shareholder approval via postal ballot. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding NCLT proceedings by creditors for dues of Rs 2.68 crore that remain pending.
While the company achieved profitability this year, the extremely high debt-to-equity ratio, negative operating cash flows, and pending NCLT creditor proceedings create significant financial stress. The land sale is being pursued as part of debt restructuring efforts. Shareholders should monitor the company's ability to manage its debt obligations and liquidity position.