SVP GLOBAL TEXTILES LIMITED has informed the Exchange regarding Board meeting held on August 14, 2025.
SVPGLOB · price
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Awaiting price reaction for this filing.
SVP Global Textiles Limited reported a consolidated net loss of ₹5,051 lakhs for Q1 FY26 (quarter ended June 30, 2025), an improvement from a ₹10,696 lakh loss in the same quarter last year, though revenue collapsed nearly 90% to ₹503.13 lakhs from ₹5,019.12 lakhs. On a standalone basis, the company posted no operating revenue and a net loss of ₹202.04 lakhs (EPS of ₹0.16). The board also dissolved its CSR and Risk Management Committees, citing no longer being mandatory under current thresholds, and reconstituted the Audit and Stakeholders Relationship Committees. Auditors flagged serious concerns: two key subsidiaries are under NCLT insolvency proceedings (CIRP) and were excluded from consolidation, there are unresolved debt covenant defaults with lenders recalling borrowings, and Indian Bank has filed an IBC Section 7 petition for default of ₹35.63 crores pending before NCLT.
Sharp revenue decline, ongoing losses, subsidiary insolvency proceedings, and an admitted bank default petition paint a deeply stressed picture for shareholders. The stock likely faces continued pressure and heightened insolvency risk pending resolution of the NCLT matters.