1) Approved the Standalone Audited Financial Statements for the quarter and financial year ended on March 31, 2026, as recommended by the Audit Committee. (Annexure A) (i) Audited Standalone ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Royal Cushion Vinyl Products Limited reported FY 2025-26 results with revenue from operations declining to Rs 5,593.16 lakhs from Rs 6,390.56 lakhs in the prior year (12.5% decline). The company posted a net loss of Rs 794.33 lakhs compared to a profit of Rs 239.95 lakhs in FY 2024-25. Other income includes Rs 362.75 lakhs recognized as incentive income from Government of Gujarat scheme. The auditors (Manek & Associates) issued an unmodified opinion but raised a Material Uncertainty Related to Going Concern due to negative net worth of Rs 3,655.57 lakhs as of March 31, 2026. The company also disclosed related party transactions with Natroyal Industries Private Limited (proposed merger) and has appointed M/s. Shah and Kadam as internal auditor for FY 2026-27. Trade receivables declined significantly to Rs 412.83 lakhs from Rs 1,215.69 lakhs.
The company is in financial distress with negative net worth and significant going concern risk. Revenue decline and operating losses indicate deteriorating operations despite other income recognition. Shareholders should be cautious as the auditors have raised substantial doubt about the company's ability to continue as a going concern.