Outcome of Board Meeting held on Tuesday, August 12, 2025 to approve Un-Audited Financial Results for the Quarter ended 30th June, 2025

Samtex Fashions reported a standalone loss of Rs 8.72 lakhs in Q1 FY26, nearly flat versus a loss of Rs 8.72 lakhs in Q1 FY25, on a tiny revenue of Rs 2.89 lakhs. Consolidated loss widened to Rs 13.05 lakhs. The statutory auditor (Kapil Kumar & Co.) issued a qualified conclusion on both standalone and consolidated results, flagging multiple issues: unconfirmed trade receivables, non-recognition of expected credit losses, non-compliance with Ind AS 19 on employee benefits, and asset auction of subsidiary SSA International Ltd not being recorded. The auditor explicitly raised a 'Material Uncertainty Related to Going Concern,' noting the company has made continuous losses, net worth is fully eroded, current liabilities exceed current assets, and virtually no business activity has been carried out during the year.