The Meeting of the Board of Directors of the Company was held today i.e. on 10th day of February, 2026, at the Registered Office of the Company, which was commenced at 03.00 P.M. and ....
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Minaxi Textiles' Board, on Feb 10, 2026, approved unaudited results for Q3 and nine months ended Dec 31, 2025. Revenue from operations fell sharply to Rs 450.83 lakhs in Q3 from Rs 704.07 lakhs a year ago, a drop of about 36% year-on-year. The company posted a net loss of Rs 35.19 lakhs in Q3 versus a loss of Rs 16.55 lakhs in the year-ago quarter. For the nine-month period, the company swung to a net profit of Rs 141.63 lakhs from a loss of Rs 123.78 lakhs, but this was largely driven by a one-time gain on sale of leasehold land. Other equity remains negative at Rs (262.20) lakhs, indicating eroded net worth.
The going-concern note, negative reserves, sharp revenue decline, and reliance on a one-time land sale to show nine-month profit raise concerns about the sustainability of operations. Shareholders should view this as a financially weak quarter with limited visibility on recovery, which could weigh on the stock.