OUTCOME OF BOARD MEETING HELD ON 13.2.2026 FOR THE QUARTER ENDED 31.12.2025
Awaiting price reaction for this filing.
Andhra Pradesh Tanneries Ltd reported deeply weak unaudited results for Q3 FY26, with revenue from operations standing at nil and total income of just Rs. 1.00 lakh (vs Rs. 5.52 lakh in Q3 FY25). The company posted a net loss of Rs. 5.37 lakh for the quarter, widening from Rs. 2.94 lakh loss in the preceding quarter and Rs. 2.48 lakh loss a year ago. For the nine months ended December 2025, total income was Rs. 1.50 lakh and the company incurred a loss of Rs. 9.66 lakh (compared to Rs. 14.64 lakh loss in the corresponding prior period). A critical disclosure states that the company's plant is currently not in operation, while reserves remain deeply negative at Rs. (1,515.33) lakh. The auditors (Bhogilal C. Shah & Co.) issued an unqualified limited review report.
Negative for shareholders. With no operational activity, negligible income, recurring losses and eroded reserves, the company faces serious going-concern risks. Investors should view this as a red flag, although the loss narrowed on a 9-month YoY basis, offering only marginal comfort.