BSEModern Denim LtdHighNeutral
Announced Wed, 12 Aug, 2026 · 17:06 IST
Modern Denim Q1 FY27 results: Loss of Rs 159 lakh, qualified audit opinion
Price reaction
Awaiting price reaction for this filing.
AI summary
Modern Denim posted Q1 FY27 revenue of Rs 332.22 lakh, down from Rs 546.47 lakh YoY. Net loss narrowed slightly to Rs 158.94 lakh vs Rs 180.44 lakh. Auditor issued a qualified opinion over Rs 165.89 lakh of unprovided interest provisions on preference shares and borrowings. Going concern flag raised as net worth is negative at Rs 7,666.66 lakh and NCLT scheme awaits BSE approval.
Likely market impact
Auditor flagged qualified opinion and going concern risk. Revenue fell sharply. Negative net worth of Rs 7,666.66 lakh is a serious solvency red flag.