Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of the said Regulations, we inform you that the ....
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The Board of Directors of Nivaka Fashions Limited approved the standalone unaudited financial results for the quarter and half year ended 30 September 2025. The company swung to a net loss of approximately Rs. 107.13 lakhs in Q2 FY26, compared to a profit in the year-ago quarter and a profit of Rs. 38.89 lakhs in the preceding quarter. Total revenue from operations declined sharply versus the corresponding period last year, with H1 FY26 revenue falling materially below H1 FY25. The auditor (ADV & Associates) issued an unqualified limited review report but flagged in an 'Other Matter' that balances of loans & advances, sundry debtors and sundry creditors are subject to management confirmation. Accumulated losses in Other Equity widened to Rs. (175.38) lakhs as on 30 September 2025 from Rs. (68.25) lakhs as on 31 March 2025, and operating cash flow remained negative during the period.
Sharp swing to losses, revenue contraction, widening accumulated losses and negative operating cash flow are significant red flags for shareholders. The deeply negative net worth and management-confirmation qualification on balances raise going-concern concerns; the stock is likely to come under pressure.