Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year ended 30.09.2025
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Samtex Fashions reported essentially no business activity for the quarter and half year ended September 30, 2025, with revenue from operations being nil and only marginal other income (Rs 1.18 lakh in Q2, Rs 3.13 lakh in H1). The company posted a standalone net loss of Rs 16.29 lakh for H1 FY26 (vs Rs 14.24 lakh loss in H1 FY25) and a consolidated net loss of Rs 20.55 lakh. Total equity is deeply negative — standalone at -Rs 14.98 lakh and consolidated at -Rs 23,968.94 lakh — indicating completely eroded net worth. The auditor (Kapil Kumar & Co.) issued a qualified conclusion and a separate 'Material Uncertainty Related to Going Concern' paragraph, noting that no manufacturing has been carried out since FY19, current liabilities far exceed current assets, and the wholly-owned subsidiary SSA International's loans are non-performing with Samtex's Rs 807.46 crore corporate guarantee invoked.
Extremely negative for shareholders. The going-concern qualification, negative net worth, Rs 807+ crore corporate guarantee exposure on a defaulting subsidiary, wilful defaulter tag from IDBI Bank, and SARFAESI/DRT proceedings mean the equity is effectively worthless and the stock carries severe risk of suspension or delisting.