Outcome of the meeting of the Board of Directors pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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KG Denim's board on November 14, 2025 approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. On a consolidated basis, revenue from operations came in at around Rs. 62.6 crore for Q2 FY26 (vs Rs. 60.8 crore in Q2 FY25) and Rs. 129.1 crore for H1 FY26 (vs Rs. 122.1 crore in H1 FY25). Profit before tax swung to a positive Rs. 1.99 crore in Q2 and Rs. 17.28 crore in H1 FY26, from losses a year ago, helped by exceptional items. However, after a tax charge of about Rs. 6.05 crore in Q2, the company posted a consolidated loss after tax of around Rs. 4.06 crore for the quarter, while H1 FY26 PAT was positive at about Rs. 11.13 crore. The auditor flagged that the Group's net worth has been eroded and is negative, raising a going-concern uncertainty. South Indian Bank (7% exposure) and one NBFC (Rs. 26.5 crore dues) have dissented from the SLBC debt restructuring, with the matter pending at the RBI Ombudsman. Trade creditors of about Rs. 371 crore include Rs. 9.42 crore under recovery notices, with some creditors approaching NCLT. The board also deferred allotment of 13.47 lakh preferential warrants.
Shareholders should note the going-concern flag, eroded net worth, and unresolved lender disputes as significant balance-sheet risks, despite a sequential improvement in operating profits and a swing to H1 profitability. Deferred warrant allotment means planned equity infusion is on hold, which could weigh on the stock in the short term until the debt-restructuring and creditor issues are resolved.