Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Meeting of the Board of Directors ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shanti Spintex Limited held its Board Meeting on May 28, 2026, approving the audited standalone and consolidated financial results for FY 2025-26. The standalone revenue from operations increased slightly to Rs 70,046.43 Lakhs from Rs 68,707.68 Lakhs, but profit after tax (PAT) crashed by 91% from Rs 1,020.01 Lakhs to just Rs 92.56 Lakhs. The company operates in two segments: Textile and Renewable Energy. The auditor issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also approved related party transactions for FY 2026-27, reviewed CSR spending, and authorized participation in Corporate Insolvency Resolution Processes (CIRP) before NCLT. The company is listed on SME exchange and follows non-IND-AS accounting standards.
The massive 91% decline in net profit despite flat revenue is a significant red flag for shareholders. The debt-equity ratio increased by 175.9% due to 189% rise in borrowings, and net profit ratio collapsed from 7.44% to 0.66%. The clean audit opinion provides some comfort, but the deteriorating profitability and rising leverage suggest increased financial risk.