The Board of Directors of the Company at its meeting held today, i.e, Thursday, August 14, 2025, inter alia, has approved the Standalone Un-Audited Financial Results of the Company for ....
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Awaiting price reaction for this filing.
Nivaka Fashions Limited (formerly B.T. Syndicate Limited) announced its Q1 FY26 standalone unaudited results, approved by the Board on August 14, 2025. Total revenue collapsed to just Rs. 5.20 lacs from Rs. 134.60 lacs in the same quarter last year, a drop of roughly 96% year-on-year. The company swung from a profit of Rs. 23.53 lacs in Q1 FY25 to a loss of Rs. 47.65 lacs in Q1 FY26, with EPS at minus Rs. 0.05. Full-year FY25 also closed in losses at Rs. 50.37 lacs, showing this is a continuing problem rather than a one-quarter issue. The statutory auditor (ADV & Associates) issued an unqualified limited review report, but flagged that trade receivables, trade payables, advances and deposits are still subject to confirmation and reconciliation.
The near-total disappearance of revenue alongside widening losses is a serious red flag for shareholders and signals deeper business troubles. The stock is likely to see selling pressure, and investors should treat this as a high-risk situation pending clarity on the cause of the revenue collapse.