Simplex Mills Q1 FY27 net loss widens; auditor flags emphasis of matter
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Simplex Mills Company reported a net loss of Rs 3.74 lakh for Q1 FY27 ended June 30, 2026, wider than Rs 2.01 lakh loss in Q1 FY26. Total income was Rs 15.41 lakh versus Rs 16.08 lakh a year ago. Revenue from operations stood at Rs 12.65 lakh. Other equity remains negative at Rs 665.06 lakh, reflecting accumulated losses. Statutory auditor Khandelwal and Mehta LLP gave an unmodified limited review but flagged an emphasis of matter on loans and advances recoverable from a counterparty whose net worth is fully eroded, which have not been impaired.
Persistent quarterly losses and negative reserves, combined with unrecovered advances from an eroded counterparty flagged by auditors, signal continued financial weakness for shareholders.