Board okays FY26 results with audit qualification, plans Rs 14.5 cr rights issue

Qualified OpinionEmphasis Of MatterExceptional ItemRevenue DeclinePat NegativeResults View source PDF Explain this filing

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

-5.2%Reaction day

₹12.83

prior close

₹12.96

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-5.5% vs market

Garments & Apparels peers, median of 38sector-0.2%-5.0% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.0 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

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+1.4

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.2+0.2-5.5-0.2-5.0

Next day

-5.5+1.1-6.6-0.8-4.7

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15d

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-21.0+8.0-29.0+1.8-22.9

-18.9+11.2-30.1-5.0-13.9

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 38Pending

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

AI summary

Board approved FY26 audited results with qualified auditor opinion. Standalone net profit Rs 59.34 lakhs vs loss Rs 157.44 lakhs prior year, but adjusted for qualifications shows loss of Rs 1,388.23 lakhs. Auditor flagged inventory overstated by Rs 1,213.79 lakhs, doubtful loans of Rs 427.59 lakhs, weak internal controls, no gratuity provision. Rights issue of up to Rs 14.50 crore approved, authorised capital to rise from Rs 28 crore to Rs 40.60 crore.

Likely market impact

Qualified audit opinion and large adjusted loss raise red flags. Rights issue up to Rs 14.50 crore will dilute existing shareholders.