The meeting of the Board of Directors of the company was held today i.e. 15th May, 2025, at registered office of the company, which was commenced at 03:00 P.M. and concluded at 05:45 P.M. ....
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Awaiting price reaction for this filing.
Minaxi Textiles reported FY25 revenue from operations of Rs. 2,888.47 lakhs, down about 15.8% from Rs. 3,429.02 lakhs in FY24. The company swung to a net loss of Rs. 52.77 lakhs in FY25, compared to a net profit of Rs. 311.16 lakhs in FY24. Q4 FY25 revenue was Rs. 618.54 lakhs (vs Rs. 881.16 lakhs in Q4 FY24), though the company posted a Q4 PBT of Rs. 95.11 lakhs, an improvement over the Rs. 59.37 lakh loss in Q3 FY25. Other equity turned sharply negative at Rs. (262.20) lakhs versus Rs. 214.91 lakhs positive a year ago, pointing to serious erosion of net worth. The statutory auditor (Parth R Shah & Co., a new firm compared to the predecessor who reviewed FY24 comparatives) issued an unmodified opinion but included an Emphasis of Matter on going concern, noting cash losses in both current and preceding year and management's reliance on its FY22 debt restructuring scheme and expected future operating cash flows. Positively, operating cash flow remained healthy at Rs. 339.88 lakhs and long-term borrowings were cut from Rs. 890.95 to Rs. 658.62 lakhs.
Negative signals clearly dominate: shrinking revenue, return to losses, deeply negative reserves, and an auditor-drawn going concern flag. Shareholders should expect continued pressure on the stock and remain cautious until the company shows sustained revenue recovery and a return to profitability.