Q1 FY27 results: auditor flags qualified opinion on US subsidiary sale

Qualified OpinionEmphasis Of MatterGoing ConcernExceptional ItemPat Growth 25pctResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹101.99

prior close

₹110.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.6% vs market

Other Textile Products peers, median of 183sector+0.0%-0.3% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-1.5

15m

-3.4

30m

-4.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+0.4-0.6+0.0-0.3

Next day

-0.5+0.4-0.9-0.2-0.2

-2.3+0.3-2.6-0.2-2.0

-0.8+0.2-0.9-0.5-0.3

-0.6+0.5-1.2-0.7+0.1

-1.0+0.7-1.7-0.6-0.3

-0.0+0.9-0.9-1.0+1.0

15d

-1.5+1.6-3.1-1.0-0.5

-0.1+2.4-2.5-0.6+0.5

-5.7+1.1-6.9-4.2-1.5

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 183Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q1FY27 results on 5 Aug 2026. Standalone revenue about Rs 104.04 cr, PAT Rs 31.81 cr up about 40 percent from Rs 22.66 cr year ago. Consolidated net profit Rs 26.25 cr versus loss of Rs 15.41 cr. Auditors issued a qualified opinion because regulatory approvals are still awaited on the sale of preference shares in US subsidiary Sarlaflex Inc, with Rs 111.59 lakh proceeds still pending. Auditor also flagged a going concern issue at the subsidiary whose manufacturing has been shut since 2017. Company completed buyback of 40 lakh shares at Rs 110 each during the quarter.

Likely market impact

Qualified opinion, pending US subsidiary approvals, and going concern flag at Sarlaflex may weigh on sentiment despite strong Q1 profit growth.