Q1 FY27 results show zero revenue, takeover by new investors via Funk Foods share swap
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On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.0 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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Board approved Q1 FY27 standalone results on August 14, 2026. Revenue from operations is zero versus Rs 1,537.59 lakhs in Q1 FY26, as the company wound down its trading business. Net loss stands at Rs 27.42 lakhs versus Rs 22.44 lakhs loss earlier. After quarter end, on July 20 the company allotted 4.22 crore shares to new investors now holding 72.55 percent, and approved a share swap to acquire 100 percent of Funk Foods, a freeze-dried food products maker. Auditor issued an unmodified opinion with an emphasis of matter about dependence on new management strategy. Independent Director Mrs. Thangavelu Dhana Lakshmi re-appointed for one year.
Change of control and business pivot to freeze-dried food through Funk Foods acquisition. New management strategy will shape future performance.