Submission of Outcome of Board Meeting Held on Friday, 13th February, 2026.
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.7 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) and discussed raising of funds, deciding to meet again to finalise the plan. Mr. Harshvardhan Mishra, current Whole Time Director and son of CMD R K Mishra (also nephew of CFO S K Mishra), was appointed as CEO effective 13 Feb 2026. Revenue from operations fell sharply to Rs. 1,072 lakhs in Q3 FY26 from Rs. 2,095 lakhs in Q3 FY25, a drop of about 49%. For the nine months ended Dec 2025, revenue was Rs. 3,956 lakhs vs. Rs. 6,268 lakhs in the prior-year period (~37% decline). The company slipped into a quarterly loss with Q3 PAT of Rs. (12) lakhs against a profit of Rs. 16 lakhs a year ago; 9-month PAT also shrunk to Rs. 13 lakhs from Rs. 68 lakhs. The auditor flagged unpaid statutory dues of Rs. 28.47 lakhs for the nine months.
Sharp revenue decline, a quarterly loss, and a related-party CEO appointment may weigh on investor sentiment. The pending fund-raising decision could materially affect the stock if dilution or debt is eventually announced.