Outcome of Board Meeting held on 13.02.2026
Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for Q3 FY26 (Oct-Dec 2025) and 9M FY26. Revenue from operations for the quarter was Rs 2.89 lakhs versus nil in the year-ago quarter, with 9M revenue at Rs 7.26 lakhs versus nil last year, showing the company is just beginning operations after being rehabilitated from the Corporate Insolvency Resolution Process (CIRP). However, the company posted a net loss of Rs 55.96 lakhs in Q3 and Rs 97.02 lakhs for 9M FY26, widening from Rs 19.85 lakhs and Rs 66.13 lakhs respectively in the prior year. Loss per share stood at Rs 0.49 for 9M FY26. Employee costs and other expenses remain disproportionately high compared to revenue. The board also noted BSE's approval for the company's name change from SR Industries Limited to Arur Footwear Limited.
For shareholders, this is a company in early-stage revival with negligible revenue against significant operating losses and ongoing going concern uncertainty. The widening losses and the explicit going concern note are red flags, though the name change signals a fresh start post-CIRP rehabilitation. Stock price may remain volatile given the weak fundamentals.