Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations'), the Board of Directors at their meeting held on today ....
MODTHREAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modern Threads (India) Limited's Board approved audited standalone and consolidated financial results for Q4 and year ended March 31, 2026. Standalone total income was Rs 31,227.21 Lakhs with net profit of Rs 544.99 Lakhs and EPS of Rs 3.75. Consolidated total income was Rs 30,057.97 Lakhs with net profit of Rs 544.99 Lakhs. The auditors issued a Qualified Opinion due to: (1) non-provision of cumulative interest/dividend on redeemable preference shares amounting to Rs 1,083.87 Lakhs (company states it's in process of settlement with preference shareholders), and (2) trade payables and receivables pending confirmation. Share application money of Rs 1,450 Lakhs remains refundable following BIFR scheme. The company also re-appointed S. Goyal & Co. as Cost Auditor for FY 2026-27.
The Qualified Opinion indicates potential contingent liability of Rs 1,083.87 Lakhs in cumulative preference share interest and unaudited trade balances, which could impact future financial statements upon settlement or reconciliation. Shareholders should monitor the preference share settlement process and confirmation of payables/receivables.