Intimation of Financial Results for the quarter and yaer eneded 31.03.2026
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NB Footwear Limited reported zero revenue from operations for both Q4 and full year FY2026, continuing from the prior year. The company posted a net loss of Rs. 16.87 lakhs for FY2026, an improvement from Rs. 22.87 lakhs loss in FY2025. Basic and diluted EPS remained negative at Rs. -0.12 for the full year. The balance sheet shows severe distress with negative equity of Rs. 275.95 lakhs (share capital of Rs. 1,350 lakhs minus reserves deficit of Rs. 1,625.95 lakhs). Total assets stand at just Rs. 0.56 lakhs against liabilities of Rs. 154.16 lakhs. The statutory auditor issued an unqualified opinion. Operating cash flow turned marginally positive at Rs. 0.05 lakhs versus negative Rs. 0.31 lakhs previously.
This is a highly concerning filing for shareholders. The company has zero operating revenue, deep losses, and negative net worth indicating possible balance sheet insolvency. The auditor discussed going concern, raising doubts about the company's ability to continue operations.