Laxmi Cotspin Q1 FY27 results; auditor gives qualified opinion on 4 items

Qualified OpinionRelated Party TransactionsExceptional ItemPat NegativeResults View source PDF Explain this filing

LAXMICOT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹14.60

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-4.6% vs market

Other Textile Products peers, median of 187sector-0.4%-3.8% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-4.2+0.4-4.6-0.4-3.8

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-2.9+0.5-3.5-0.3-2.6

-6.6+0.6-7.2-0.1-6.5

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-4.7+1.3-6.0-0.5-4.3

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-13.7-0.8-12.9-2.2-11.5

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Laxmi Cotspin posted Q1 FY27 revenue of Rs. 1,826.65 lakh versus Rs. 1,727.53 lakh. Net loss narrowed to Rs. 44.03 lakh from Rs. 140.93 lakh. Statutory auditor issued a qualified opinion on four matters: unverifiable inventory worth Rs. 4,320 lakh, unapproved advance to subsidiary of Rs. 731 lakh, uncertain creditor advance of Rs. 2,027 lakh, and incomplete land sale registration. NSE levied a Rs. 1.47 lakh fine for delayed compliance under Regulation 33.

Likely market impact

Qualified audit opinion and unresolved subsidiary and creditor advances signal weak internal controls and governance concerns for investors.