Considered, Approved and taken on record the- (a)The Standalone Audited Financial Results for the quarter & year ended 31st March, 2026; (b)The Auditors Report along with modified/unmodified ....
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Parvati Sweetners and Power Ltd reported a significant deterioration in FY2026 performance with revenue declining 66% to ₹1,798.68 lakhs from ₹5,356.95 lakhs in FY2025. The company swung to a net loss of ₹1,304.93 lakhs compared to a profit of ₹58.48 lakhs in the previous year. The auditor issued an unmodified (clean) opinion on the standalone financial statements. Separately, the board approved acquisition of 51% stake in Vedshree Food Industries Private Limited for approximately ₹6 crore, which qualifies as a related party transaction due to common directors and promoters. The target company operates in the renewable energy sector (Compressed Bio-Gas). The company received a capital subsidy of ₹648 lakhs from Madhya Pradesh Industrial Development Corporation during the year.
The sharp revenue decline and net loss for FY2026 indicate severe financial stress for the sugar manufacturing company. The negative operating cash flow (-₹5.81 lakhs) combined with a large loss raises concerns about liquidity. The related party acquisition may face scrutiny from minority shareholders given the related party nature and the company's stressed financial position.