SVP GLOBAL TEXTILES LIMITED has informed the Exchange regarding Board meeting held on February 13, 2026.
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SVP Global Textiles' board, meeting on February 13, 2026, approved unaudited Q3 FY26 results showing zero standalone revenue and a net loss of ₹194.77 lakhs for the quarter (₹535.09 lakhs for 9M FY26). On a consolidated basis, revenue also dropped to nil in Q3 FY26 (vs ₹1,345.68 lakhs in Q3 FY25), with a massive net loss of ₹5,314.35 lakhs for the quarter and ₹15,437.05 lakhs (₹154.37 crores) for 9M FY26; consolidated EPS was ₹(4.20). The auditor flagged serious concerns: Indian Bank has filed an NCLT petition under Section 7 of the IBC for a default of ₹35.63 crores, and two key step subsidiaries are already under Corporate Insolvency Resolution Process (CIRP). Lenders have recalled borrowings due to debt covenant breaches, and the company has stopped providing for finance costs after June 30, 2024, pending lender confirmation.
This is a deeply distressed company facing potential insolvency proceedings — an NCLT petition and active CIRP at key subsidiaries pose existential risks. With zero revenue, cumulative consolidated losses exceeding ₹154 crores in just 9 months, and unresolved lender defaults, shareholders face a very high probability of severe value erosion, dilution, or total loss.