Quarterly unaudited financial results for the quarter ending 30.09.2025 under regulation 33 of SEBI(LODR). The revision is made as per the directions received from BSE
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Pasari Spinning Mills reported zero revenue from operations for Q2 FY26 — the company is not selling anything, with only Rs. 15.39 lakh of 'other operating income' in the quarter, down from Rs. 17.08 lakh a year ago. Net profit slipped to Rs. 9.05 lakh from Rs. 11.19 lakh, and H1 FY26 total income fell to Rs. 32.32 lakh versus Rs. 34.15 lakh in H1 FY25. EPS for the quarter was just Rs. 0.07. The filing was resubmitted at BSE's direction, suggesting a restatement. The auditor flagged two issues in an 'Other Matter' paragraph: (1) the company repaid Rs. 40 lakh to a related party without disclosing the transaction as required under Ind AS 24, and (2) a Rs. 6.39 crore contingent liability tied to a long-running Cotton Corporation of India cotton dispute was not carried into the interim results. Borrowings of around Rs. 1.44 crore sit against equity of just Rs. 25.84 lakh, and reserves remain deeply negative at about Rs. 13.5 crore.
This is effectively a non-operating company: no product sales, negligible profits, deeply negative reserves, and a multi-crore court liability from CCI hanging over it. Minority shareholders face thin liquidity, high leverage, and meaningful solvency risk if the CCI case goes against the company.