The meeting of the Board of Directors of the Company has been held today i.e. on Thursday, 7th August, 2025 through video conferencing. The outcome of the Board meeting as attached herewith.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.8 pts less 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Meyer Apparel's Board met on 7th August 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations fell sharply to Rs. 8.02 lakhs, down from Rs. 25.18 lakhs in the previous quarter and Rs. 30.62 lakhs in the year-ago quarter. The company posted a net loss of Rs. 18.72 lakhs for the quarter, though smaller than the Rs. 27.20 lakh loss a year earlier. The statutory auditor flagged a material uncertainty around going concern, noting accumulated losses of Rs. 6,236.79 lakhs, a negative net worth of Rs. 3,297.12 lakhs, and current liabilities exceeding current assets by Rs. 3,294.92 lakhs. Separately, Company Secretary Ms. Charu Sharma resigned, effective 5th September 2025.
Sharp revenue collapse and continued losses, combined with the auditor's going-concern warning, signal serious financial distress and raise the risk of further erosion in shareholder value. Investors should view this as a high-risk situation pending clarity on the company's turnaround funding and operational revival.