This is to inform that the Company has convened Board Meeting (Zoom Meeting) on Saturday, the 14th day of November, 2025 to consider inter-alia approving the un-audited Financial Results ....
Awaiting price reaction for this filing.
Gangotri Textiles' board approved its unaudited financial results for Q2 and H1 FY26 (ended 30-Sep-2025). The company continues to report zero revenue from operations and zero other income, with the only expense being minimal 'other expenses' of Rs 1.98 lakhs for the quarter. Loss before tax narrowed slightly to Rs 1.98 lakhs (Q2) and Rs 4.36 lakhs (H1) versus Rs 2.77 lakhs and Rs 5.28 lakhs respectively a year ago. The balance sheet shows a deeply stressed position: total assets of just Rs 15.20 crores versus borrowings of Rs 240.47 crores and reserves & surplus of negative Rs 343.54 crores, putting equity at negative Rs 236.81 crores. The notes reveal that all the company's assets were taken over and sold by lenders, interest has not been provided since September 2015, and the Supreme Court has dismissed the company's appeal on a Rs 6.51 crore income-tax penalty which the company has not provisioned. Related-party transactions for the half-year were nil.
This is effectively a non-operating, distressed shell — there is no business activity, negative net worth, and confirmed contingent liabilities from the Supreme Court ruling. Shareholders face near-total loss of value given the massive accumulated losses versus negligible assets, though a thin sliver of value rests in the Rs 15 crore investments held on the books.