The meeting of the Board of Directors of the Company has been held today i.e. on Thursday, 6th November, 2025 through video conferencing. The outcome of the Board meeting as attached herewith.
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On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 4.9 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.
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The Board of Meyer Apparel approved the unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Revenue from operations collapsed to just ₹0.05 lakh in Q2 FY26, down sharply from ₹38.22 lakh in Q2 FY25, with the company posting a loss of ₹19.05 lakh for the quarter. For H1 FY26, the company reported a loss of ₹37.90 lakh on revenue of ₹8.07 lakh. The company's net worth is fully eroded at negative ₹3,315.33 lakh with accumulated losses of ₹6,255 lakh, and current liabilities exceed current assets by ₹3,313.44 lakh. The statutory auditor has flagged a 'Material Uncertainty Related to Going Concern' in the limited review report. The Board also appointed Mr. Neeraj as the new Company Secretary and Compliance Officer.
This is a deeply negative filing for shareholders — revenue has nearly disappeared, the company is loss-making with fully eroded net worth, and the auditor has explicitly raised going concern doubts. The stock is effectively trading on a distressed basis, and there is meaningful risk of further value erosion or corporate action given the weak balance sheet.