This is to inform you that, the Board of Directors of the Company at its meeting held on Friday, 14th November, 2025 at 03.00 P.M. inter alia, has considered and approved the following: 1. ....
Awaiting price reaction for this filing.
Polytex India Ltd's board, meeting on 14th November 2025, approved unaudited financial results for the quarter and half year ended 30th September 2025, along with the appointment of Mr. Anandkumar Labhshankar Trivedi as Additional Executive Director. The company reported a loss of Rs 4.60 lakhs for Q2 FY26 and Rs 8.50 lakhs for H1 FY26, wider than the Rs 5.73 lakh loss in H1 FY25. Total income appears negligible as the company's NBFC registration was cancelled by the RBI in June 2024. Other equity stands deeply negative at Rs (1,102.10) lakhs, indicating complete erosion of shareholders' funds. Operating cash flow was also negative at Rs (5.11) lakhs for H1 FY26.
This is a deeply concerning filing for shareholders — Polytex India is loss-making with completely wiped-out net worth, a cancelled NBFC licence, and no visible revenue stream, making it a serious going-concern risk despite the auditor issuing an unqualified review report.