The Meeting of the Board of Directors of the Company was held today i.e. on 12th day of August, 2025, at the Registered Office of the Company, which was commenced at 03:00 P.M. and concluded ....
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Minaxi Textiles' board approved unaudited financial results for the quarter ended June 30, 2025. Revenue from operations fell to about ₹537 lakhs from ₹619 lakhs in the same quarter last year, a decline of roughly 13%. Total expenses climbed to about ₹595 lakhs from ₹528 lakhs, pushing the company into a loss before tax of around ₹55 lakhs versus a profit of ₹91 lakhs a year ago. The auditor's review report draws attention to a going concern note, which mentions the company has had cash losses in earlier years, underwent a debt restructuring in FY22, and is depending on future operational cash inflows. The board fixed September 18, 2025 as the record date and September 25, 2025 as the date for the 30th AGM.
The mix of falling revenue, rising costs, and a flagged going concern note is negative for shareholders. However, the auditor's review conclusion is unmodified (not qualified), which softens the immediate blow. Investors should monitor whether the company can actually generate the operational cash flows it is counting on.