Kindly note that an inadvertent typo error was noticed in the non-statutory section of the Audited Financial results for the quarter and year ended 31st March 2025. We request that the ....

Sri Lakshmi Saraswathi Textiles has issued a corrigendum to its audited FY25 results, citing a typo error in the non-statutory section. However, the underlying results reveal a severely distressed company: net sales fell to Rs. 9,954.20 lakhs from Rs. 12,711.70 lakhs in FY24 (a ~22% decline), while the company posted a net loss of Rs. 2,070.74 lakhs versus Rs. 2,019.47 lakhs in the prior year. Accumulated losses ballooned to Rs. 9,195.89 lakhs and net worth is completely eroded at negative Rs. 6,858.62 lakhs. The auditor (SBSB and Associates) issued a Qualified Opinion, flagging material uncertainty about the company's ability to continue as a going concern due to three consecutive years of losses and fully eroded net worth. An Emphasis of Matter paragraph was also added regarding a Rs. 39.08 lakhs advance for machinery purchase outstanding for over three years. Operating cash flow was deeply negative at Rs. (1,897.16) lakhs. The board also approved new auditors (Secretarial, Internal, and Cost) for FY26, and the 61st AGM is scheduled for August 11, 2025.