The board of directors in their meeting held today, have approved Unaudited Financial Results for the quarter ended on June 30, 2025.
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Kush Industries (formerly SNS Textiles) reported unaudited results for Q1 FY26 with revenue from operations of just ₹0.24 lakh, unchanged from the year-ago quarter. Total income stood at ₹1.24 lakh versus ₹1.84 lakh in Q1 FY25, while total expenses rose to ₹3.58 lakh, resulting in a net loss of ₹2.34 lakh (vs. ₹1.39 lakh loss in Q1 FY25). Total comprehensive loss widened sharply to ₹6.26 lakh. The company's reserves excluding revaluation reserves stand at a deeply negative ₹2,209.41 lakh against an equity share capital of ₹1,484.68 lakh, implying negative net worth. The board also fixed the 33rd AGM for 30 September 2025 and approved the appointment of new statutory auditors (M/s. P S S P & Co.) and a new secretarial auditor, subject to shareholder approval.
The results indicate continued losses and a virtually negligible revenue base, combined with accumulated losses exceeding share capital — a serious financial weakness for shareholders. The auditor change at AGM is procedural but the underlying business health remains weak, making this a high-risk, low-activity stock.