Please refer attached outcome of Board Meeting dated May 20, 2026
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Ramgopal Polytex Limited reported its audited financial results for Q4 and FY2026 ending March 31, 2026. The company posted revenue of Rs.148.20 lakhs for FY2026, nearly doubling from Rs.77.16 lakhs in FY2025. However, the company reported a significantly higher loss of Rs.72.13 lakhs for FY2026 compared to a loss of Rs.17.10 lakhs in FY2025. The auditors gave an unmodified (clean) opinion on the financial statements. The board also approved selling 1,90,000 equity shares of Ramgopal Synthetics Limited for Rs.1,34,90,000 (Rs.71 per share) to Mrs. Minal Nipoon Agarwal, with completion expected by May 31, 2026. Additionally, Mr. Ravi Seth was appointed as the internal auditor for FY2026-27. The company's negative reserves stand at Rs.391.91 lakhs.
Despite near-doubling of revenue, the company swung to a much larger loss in FY2026, raising concerns about profitability. The negative equity position and negative operating cash flow of Rs.60.28 lakhs indicate financial stress. However, the Rs.1.35 crore asset sale may provide some liquidity relief. The clean audit opinion provides some comfort on financial reporting quality.