Unaudited standalone and consolidated Financial Result for the quarter and six month ended 30 September 2025
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Raghuvir Synthetics Limited submitted its unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2025, approved by the Board on 14 November 2025. The consolidated results include its subsidiary, Dreams of Bedsheets Pvt Ltd. Statutory auditor G.K. Choksi & Co. issued a limited review report with an 'Emphasis of Matter' paragraph flagging search operations conducted by the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit, under Section 67 of the Central GST Act, 2017. The company has deposited Rs 1.88 crores under protest, and management states it does not expect any material impact on financial position or operations. The auditor explicitly clarified that it has not qualified its report on this matter.
The DGGI GST search is a regulatory overhang, though the Rs 1.88 crore deposit under protest is modest and management expects no material fallout. The clean (unqualified) limited review is reassuring for shareholders, but investors should track any further communication from DGGI as it could trigger future provisions or penalties.