Results, Statement of Assets & Liabilities, Cash Flow and Auditors Report are attached separately.
Awaiting price reaction for this filing.
Niwas Spinning Mills, a small textile-segment company, reported its first year of revenue from operations at Rs 71.12 lacs for FY25, with previous year (FY24) showing no operating revenue. Total income for FY25 stood at Rs 86.35 lacs (including other income of Rs 15.23 lacs), while total expenses were Rs 85.45 lacs, yielding a marginal profit before tax of Rs 0.90 lacs. This is a sharp decline from FY24 PAT of Rs 2.47 lacs. Basic EPS was Rs 0.00 for FY25. The company has accumulated losses reflected in negative reserves of around Rs 1,998 lacs. The auditor (ABNJ & Co.) issued an unqualified (clean) opinion, noting the company is small enough to be exempt from certain audit requirements (turnover under Rs 50 cr). No dividend was declared for the year.
For shareholders, the results are weak: revenue has just begun but profitability has deteriorated sharply, and the company continues to carry significant accumulated losses. The clean audit opinion is positive, but the near-zero earnings and negative net worth suggest the stock remains a high-risk, thinly-traded small-cap with limited near-term investor appeal.