Outcome of Board Meeting held on 13th August 2025 for approval of unaudited standalone financial results for the quarter ended 30th June 2025
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Standard Shoe Sole and Mould (India) Ltd's Board approved unaudited standalone financial results for Q1 FY26 on 13 August 2025, reviewed by statutory auditor S. Daga & Co. The company reported a net loss of Rs. 4.85 lakhs for the quarter, compared to a loss of Rs. 6.21 lakhs in Q1 FY25 and a full-year FY25 loss of Rs. 18.56 lakhs. No revenue from operations appears to have been recorded during the quarter, with only nominal expenses of Rs. 4.85 lakhs (mainly employee costs of Rs. 0.75 lakhs and other expenses of Rs. 2.43 lakhs). The company's reserves remain deeply negative at Rs. (597.17) lakhs against a paid-up equity share capital of Rs. 518.15 lakhs. Loss per share stood at Rs. 0.09 for the quarter, improving from Rs. 0.12 in the year-ago quarter.
The company continues to report losses with eroded reserves, indicating ongoing financial weakness. While the quarterly loss has narrowed compared to last year, the absence of operating revenue and negative net worth remain significant red flags for shareholders.