Pursuant to Regulation 30, Regulation 33 and other applicable provisions of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in ....
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Rudra Ecovation Ltd (formerly Himachal Fibres Ltd) announced its unaudited Q1 FY26 results (quarter ended June 30, 2025) along with board changes. Total revenue stood at Rs 532.93 lakhs, slightly down from Rs 565.36 lakhs in Q1 FY25. The company reported a net loss of Rs 86.86 lakhs, widening sharply from Rs 25.58 lakhs loss in the same quarter last year. Total expenses rose to Rs 622.92 lakhs against Rs 594.05 lakhs, driven by higher material costs and other expenses. The auditor (Manjul Mittal & Associates) issued an unmodified limited review report with no qualifications. Independent Director Mr. Surjit Singh resigned citing personal reasons, and Mr. Dharam Veer Singh was appointed as Non-Executive Independent Director for a 5-year term. The board also confirmed no deviation in the use of funds raised via preferential warrants (76.47 lakh warrants still pending conversion) and noted that the amalgamation scheme with Shiva Texfabs Ltd is awaiting NOC from BSE/SEBI.
Persistent and widening quarterly losses, combined with a full-year FY25 loss of nearly Rs 3.29 crore, highlight continued stress on operations and may weigh negatively on investor sentiment. However, the pending merger with Shiva Texfabs and unchanged preferential warrant terms could be monitored for future value triggers.