Outcome of Board Meeting held on 26.05.2025

Polytex India reported audited results for FY25 with a net loss of Rs 10.76 lacs, narrower than the Rs 16.11 lacs loss in FY24. Revenue from operations was minimal at Rs 1.35 lacs versus Rs 0.60 lacs last year, reflecting a very small-scale business. The statutory auditor issued an unmodified opinion but flagged a material uncertainty about going concern, noting current liabilities exceed current assets by Rs 42.10 lacs and the company is loss-making. Financials were prepared on a going concern basis based on the promoter's undertaking to provide continued financial support. Two emphasis-of-matter points were raised: pending fair valuation of unquoted investments and non-compliance with IND AS-19 (employee benefits). The company's NBFI registration was cancelled by RBI in June 2024, and it now operates mainly in lending finance. Operating cash flow remained negative at Rs (7.10) lacs.