Outcome of Board Meeting held on 26 May 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.1 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Patspin India Ltd reported a net loss of Rs 1,140 lakhs for FY2026, compared to a loss of Rs 979 lakhs in the previous year. Revenue from operations declined slightly to Rs 4,652 lakhs from Rs 4,733 lakhs. The company's net worth remains eroded with negative other equity of Rs 12,700 lakhs. The statutory auditor issued an unmodified opinion but explicitly highlighted a material uncertainty related to going concern due to accumulated losses, eroded net worth, and irregular debt servicing. The company is pursuing debt restructuring with lenders, with a Techno Economic Viability study confirming the proposal's viability. An exceptional item of Rs 104 lakhs was recorded for labour code provisions. The company appointed new internal auditors (Varma & Varma) for FY2026-27.
The stock faces significant risk due to persistent losses, negative net worth, and auditor's going concern warning. Shareholders should monitor the debt restructuring progress closely as the company's ability to continue as a going concern depends on lender approval.