Outcome of Board meeting
Price
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Awaiting price reaction for this filing.
Nivaka Fashions' Board approved unaudited financial results for Q3 FY26 and nine months ended December 31, 2025, with the auditors issuing an unqualified limited review report. Revenue from operations collapsed to just Rs 0.61 lakh in Q3 FY26 versus Rs 1.65 lakh a year ago, and nine-month operating revenue fell sharply to Rs 16.26 lakh from Rs 146.51 lakh earlier. Total expenses remained high at Rs 59.53 lakh for the quarter, leading to a loss before tax of Rs 54.63 lakh versus Rs 20.13 lakh in the year-ago quarter. Nine-month loss for the period more than doubled to Rs 159.75 lakh (vs Rs 73.77 lakh), pushing EPS negative at Rs (0.05) for the quarter and Rs (0.156) for nine months. The auditor flagged, as an Other Matter, that trade receivables/payables and advances remain subject to confirmation and reconciliation.
The company continues to post widening losses on a drastically shrinking revenue base, signalling serious operational stress and a potential going-concern risk for shareholders; expect negative stock sentiment and continued price weakness until revenues recover or a turnaround is demonstrated.