Pursuant to the Reg. 30 and 33 of SEBI (LODR)as amended from time to time, Board meeting held on 14.02.2026 to consider and approve the unaudited standalone and consolidated financials ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mayur Leather Products Ltd reported nil revenue from operations for both Q3 FY26 and 9M FY26, with the company having stopped manufacturing activity entirely. Other income stood at Rs. 50 lakhs for 9M FY26 (vs Rs. 19.71 lakhs in 9M FY25). Standalone PAT for Q3 was Rs. 27.69 lakhs and for 9M FY26 was Rs. 81.28 lakhs, but this profit was entirely driven by exceptional items of Rs. 36.17 lakhs (Q3) and Rs. 67.82 lakhs (9M) arising from sale of fixed assets. Excluding exceptional items, the company posted a loss of Rs. 8.48 lakhs in Q3. The statutory auditor (Jain Paras Bilala & Company) issued an Adverse remark, flagging that the results are not in accordance with Ind AS due to multiple pervasive issues including material uncertainty on going concern, non-filing of income tax returns for FY23 and FY24, and the Canara Bank land sale dispute pending before the Debt Recovery Tribunal.
This is a deeply negative filing for shareholders. The auditor has explicitly flagged going concern doubt, and the company's only profit source is one-time asset sales, not operations. With zero revenue, ongoing operational losses, unresolved DRT litigation over the Canara Bank loan default (~Rs. 320 lakhs), and adverse auditor remarks carried forward from the previous quarter, the stock faces serious fundamental and governance risks. Existing shareholders should expect continued distress; new investors should avoid until operational revival and legal matters are resolved.