Outcome of the Board Meeting held on 13th August, 2025 for the approval of the Standalone and Consolidated Unaudited Financial Results for the quarter ended on 30th June, 2025.
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Raghuvir Synthetics' board, meeting on 13 August 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). The consolidated results include its subsidiary, Dreamsoft Bedsheets Pvt Ltd. Auditor G.K. Choksi & Co. issued an unmodified (clean) limited review report on both sets of results. The auditor drew attention to Note 5, which discloses a GST search operation carried out by DGGI (Ahmedabad Zonal Unit) under Section 67 of the CGST Act, 2017. The company has deposited Rs 1.88 Crores under protest and submitted required documents; management does not expect any adverse financial or operational impact.
Routine quarterly results filing with a clean auditor opinion, but investors should note the ongoing GST investigation and the Rs 1.88 Crore deposit under protest as a potential overhang, though management views it as non-material to operations.