Please find attached herewith Financial Results for the quarter ending 30th September 2025
Awaiting price reaction for this filing.
The Board of Garlon Polyfab Industries approved unaudited standalone results for Q2/H1 FY26 ended 30 September 2025 on 14 November 2025. A Limited Review was carried out by D.C. Shukla & Co., who issued an unmodified report noting nothing adverse. The balance sheet shows a very small asset base of just Rs 6.33 lakh (vs Rs 6.22 lakh a year ago), with negative shareholders' funds of Rs -206.39 lakh (accumulated losses of Rs -667.71 lakh against Rs 461.32 lakh share capital). The company also restructured its borrowings during the year, shifting about Rs 197.50 lakh of short-term debt into long-term borrowings of Rs 200.96 lakh. Detailed profit & loss line items in the filing were illegible and could not be reliably read.
Shareholders should note that the company has a deeply eroded net worth (negative equity of over Rs 2 crore on a sub-Rs 7 lakh asset base) and accumulated losses far exceeding share capital, pointing to serious solvency concerns despite the auditor's clean review. The stock is likely to be viewed as a distressed/small-cap name; near-term price action will depend on any revival in operating revenues, which were not clearly visible in this filing.