The Meeting of the Board of Directors of the Company was held today i.e. on 15th day of May, 2025, at the Registered Office of the Company, which was commenced at 03.00 P.M. and concluded ....
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Minaxi Textiles reported audited results for Q4 and FY25 on May 15, 2025. Full-year revenue from operations fell about 15.8% to Rs. 2,888.47 lakhs from Rs. 3,429.02 lakhs in FY24. The company posted a loss before tax of Rs. 69.14 lakhs in FY25, a significant improvement from the Rs. 384.14 lakh loss in FY24, but other equity remained negative at Rs. 262.20 lakhs, reflecting accumulated losses. The auditor Parth R Shah And Co. issued an unmodified opinion but added an 'Emphasis of Matter' on going concern, noting cash losses in both years and a debt restructuring already executed in FY22. The filing also indicates a change in statutory auditor during the year versus FY24.
Despite a narrower loss, shareholders should be cautious: revenue is contracting, reserves are negative, and the auditor has flagged going concern uncertainty, which could weigh on the stock. Recovery will depend on the success of the debt restructuring and the company's ability to generate operating cash flows as expected.