Outcome of Board Meeting held on 28 May 2026
Awaiting price reaction for this filing.
Arur Footwear Ltd (formerly S R Industries Ltd) held its Board meeting on May 28, 2026 and approved audited financial results for FY26 ending March 31, 2026. The company reported total revenue of Rs. 9.96 lakh (up from Rs. 0.84 lakh in FY25), with other income of Rs. 8.46 lakh. However, the company still posted a net loss of Rs. 58.83 lakh, though this is an improvement from Rs. 86.64 lakh loss in the previous year. Operating cash flow remained negative at Rs. 89.78 lakh. The board also approved appointment of Mr. Mayank Ahuja as Additional Executive Director and Mr. Narender Singh as Internal Auditor, and reconstituted its committees. The statutory auditor issued an unmodified (clean) opinion on the financial results.
Despite narrowing losses, the company remains loss-making with very small revenue and negative operating cash flow, indicating ongoing operational challenges. The stock may remain under pressure given the company's financial fragility, though the reduction in losses and new board appointments could be seen cautiously by investors.