The Meeting of the Board of Directors of the Company was held today i.e. on 08th day of May, 2026, at the Registered Office of the Company, which was commenced at 02.30 P.M. and concluded ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Minaxi Textiles Ltd reported audited financial results for Q4 and FY2026 ended March 31, 2026. Revenue from operations declined to Rs. 2,313.55 Lakhs from Rs. 2,888.47 Lakhs in FY2025, representing approximately 20% decline. However, the company swung to profit with PBT of Rs. 244.58 Lakhs (vs loss of Rs. 69.14 Lakhs) and PAT of Rs. 178.75 Lakhs (vs loss of Rs. 52.77 Lakhs). Other income increased significantly to Rs. 305.63 Lakhs mainly due to profit of Rs. 303.51 Lakhs on sale of leasehold land. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter drawing attention to Note 6 regarding the company's going concern basis, noting the company incurred cash losses in preceding years and had debt restructuring in FY2021-22.
The company returned to profitability but faces going concern risk as highlighted by the auditor. Revenue decline of ~20% and historical cash losses are concerns, though asset sale boosted profits this year. Shareholders should monitor the company's ability to generate sustainable operational cash flows.