Pursuant to the regulation 30 of SEB(LODR) regulation, 2015 we are enclosing herewith Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended ....
MODTHREAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modern Threads (India) Limited reported standalone total income of Rs 31,227.21 Lakhs for FY26, up from Rs 26,969.49 Lakhs in FY25, representing approximately 15.7% revenue growth. Net profit after tax stood at Rs 544.99 Lakhs compared to a loss in the prior year. The auditors (S.S. Surana & Co.) issued a Qualified Opinion on both standalone and consolidated results. Key qualifications include: (1) non-provisioning of cumulative interest/dividend on redeemable preference shares amounting to Rs 1,083.87 Lakhs (cumulative), as the company is in the process of settling remaining preference share capital; and (2) trade receivables and payables balances are subject to confirmation with unquantified impact. Deferred tax assets of Rs 157.17 Lakhs were not recognised as future taxable profits are deemed not probable. The company has a wholly owned subsidiary (Modern Woollens UK Ltd) which started operations in Q3 FY26 with unaudited assets of Rs 812.14 Lakhs and a net loss of Rs 20.23 Lakhs for the year.
The qualified audit opinion and non-recognition of preference share interest liabilities (Rs 1,083.87 Lakhs) represent material uncertainties that could impact the company's actual financial position. Shareholders should monitor the preference share settlement process and trade balance confirmations closely.