This is to inform you that a meeting of the Board of Directors of our Company was held today, 14th November 2025 at the registered office of the Company which approved and took on record ....
KOTIC · 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, at its 14 November 2025 meeting, approved Q2/H1 FY26 unaudited results. Standalone revenue more than doubled YoY to about Rs 88.7 crore (H1) from Rs 39.2 crore, but the company swung to a Rs 60.4 crore loss in Q2 from a Rs 0.9 crore profit a year ago; H1 standalone net loss widened to Rs 8.5 crore from Rs 1.9 crore. Consolidated H1 revenue was Rs 258.5 crore with a net loss of Rs 8.5 crore. On 29 September 2025 the company acquired a 30% stake (Rs 99.06 crore) in Phoenix Kothari Footwear Ltd (PKFL), making it an associate. Operating cash flow turned positive at Rs 50.5 crore and the company raised equity/premium of roughly Rs 99.4 crore. The auditor flagged several concerns including a pending stamp duty dispute on the Ennore land sale to Coromandel, missing balance confirmations, TDS defaults of about Rs 8.67 lakh, and an ongoing Madras High Court case over Coonoor land repossession.
Strong top-line growth is being offset by widening losses and legal overhangs, which may keep the stock under pressure in the near term. The PKFL associate adds a new footwear vertical that could aid future diversification, but resolution of the contingent liabilities (stamp duty, Coonoor land, related-party acquisition) will be key watchpoints for investors.