Q1FY27 results approved; auditor flags going concern uncertainty
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.7 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Meyer Apparel's board approved Q1FY27 (quarter ended June 30, 2026) unaudited financial results. The company posted a loss of about Rs. 70.33 lakh with negative EPS of Rs. 0.10 per share. Accumulated losses stand at Rs. 6,366.45 lakh, eroding net worth, and current liabilities exceed current assets by Rs. 3,426.16 lakh. Auditor Khandelwal Jain and Co. highlighted a material uncertainty related to going concern, noting doubts about the company's ability to continue operations. Management remains confident of generating cash flows and exploring funding avenues.
Stock likely under pressure as the going concern flag, accumulated losses, and current liability overhang weigh on investor sentiment and raise survival concerns.