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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Nivaka Fashions Ltd reported severely deteriorating financial performance for FY 2025-26 ended March 31, 2026. Revenue from operations crashed to Rs 1.65 lakh from Rs 146.51 lakh in the previous year. The company posted a net loss of Rs 520.89 lakh compared to a loss of Rs 50.37 lakh in FY 2024-25. Total income declined to Rs 18.32 lakh from Rs 183.85 lakh. Total assets fell to Rs 866.18 lakh from Rs 1,390.89 lakh. Other equity turned deeply negative at Rs (589.15) lakh from Rs (68.25) lakh. The Board also appointed H R Bohra and Co as Internal Auditor for FY 2026-27. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter regarding a Rs 422.73 lakh GST order.
The company is in severe financial distress with massive revenue decline, mounting losses, and negative equity. Shareholders should be extremely cautious as the company's solvency is in serious doubt.