With reference to captioned matter, kindly find enclosed Unaudited Financial Results and Limited Review Report (LRR) in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure ....
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Subhash Silk Mills posted a loss after tax of Rs 60.48 lakhs for H1 FY26, swinging from a small profit of Rs 1.30 lakh in H1 FY25. Q2 FY26 standalone loss stood at Rs 30.35 lakhs versus Rs 11.16 lakh loss in Q2 FY25. Total revenue dropped sharply to Rs 33.78 lakhs in H1 FY26 from Rs 140.90 lakhs a year ago, mainly because other income fell from Rs 139.62 lakhs to Rs 32.29 lakhs. Core revenue from operations stayed negligible at Rs 1.49 lakhs for the half year, indicating virtually no business activity. Loss per share for H1 FY26 was Rs 1.43 versus a marginal Rs 0.03 earnings in the year-ago period. The auditor (Shabbir & Rita Associates LLP) issued an unqualified limited review report with no qualifications.
Shareholders should note the company is loss-making with eroding reserves (other equity down to Rs 562.65 lakhs from Rs 623.14 lakhs) and negligible operating revenue, though long-term borrowings are modest and operating cash flow turned positive. The sharp drop in other income suggests dependence on non-core, one-time receipts, raising concerns about sustainability.