Outcome of the Board Meeting held on Friday, 29th May, 2026
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Shiva Suitings Ltd has announced its audited standalone financial results for FY 2025-26. The company reported a net loss of Rs. 8.79 lakhs for the year ended March 31, 2026, compared to a net profit of Rs. 5.34 lakhs in the previous year - a significant deterioration in performance. Total income declined sharply to Rs. 0.26 lakhs from Rs. 260.24 lakhs last year. The auditor issued an unmodified opinion but noted non-compliance with Ind AS 19 for employee benefits (Gratuity and Leave Encashment), though management considers the impact immaterial. Total assets increased to Rs. 281.18 lakhs from Rs. 212.81 lakhs, mainly due to a surge in inventories from Rs. 26.82 lakhs to Rs. 168.57 lakhs. Cash and cash equivalents declined to Rs. 1.07 lakhs.
The company has swung from profit to loss with a significant drop in revenue. The sharp increase in inventory and declining cash position are concerning signs for shareholders. However, the auditor's unmodified opinion provides some comfort on financial statement accuracy.