Board meeting for approval of Quarterly Unaudited financials
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Pasari Spinning Mills' board approved its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, on February 12, 2026. The company reported total income of Rs. 15.41 lakh for Q3 FY26, down from Rs. 17.08 lakh in Q3 FY25, with net profit of Rs. 8.50 lakh versus Rs. 11.19 lakh a year earlier. For the 9-month period, revenue fell to Rs. 47.73 lakh from Rs. 51.22 lakh, and net profit dropped to Rs. 28.70 lakh from Rs. 33.88 lakh. Notably, the company has no income from core operations (net sales shown as nil), with all revenue coming from 'other operating income.' The board also addressed a Rs. 47,200 BSE fine for late submission of the cash flow statement and non-compliance with related party disclosure rules, which has already been paid. The auditor flagged undisclosed related party loan repayments and a Rs. 6.39 crore contingent liability from a long-pending Cotton Corporation of India dispute not reflected in the interim results.
The financials show a shrinking top line and profits year-on-year with no revenue from primary operations, which is a concern for shareholders. The undisclosed contingent liability of about Rs. 6.39 crore from the CCI litigation materially exceeds the company's profit base and could become a significant overhang if the appeal fails.