ABHISHEKNSEAbhishek Corporation Limited· Textiles - CottonHighNeutral
Announced Fri, 14 Aug, 2026 · 15:33 IST
Q1 results: net loss widens to Rs 20.68 lakh on weak revenue
Price reaction
Awaiting price reaction for this filing.
AI summary
Abhishek Corporation (now Mahaalaxmi Texpro) reported Q1 FY27 standalone net loss of Rs 20.68 lakh versus Rs 8.43 lakh loss a year ago. Revenue fell to Rs 6.92 lakh from Rs 10.06 lakh. The auditor's review note mentions management is authorized by the Liquidator, pointing to ongoing liquidation. Board also appointed Mr Prathamesh Gaikwad as Independent Director for five years.
Likely market impact
Sustained losses and shrinking revenue signal severe financial distress; the ongoing liquidation process is a major risk for shareholders.