The board of the company has ,at its meeting ,approved the standalone audited financial results for the quarter and year ended 31.03.2026 and other business matters.
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Triveni Glass Limited reported a net loss of Rs. 74.57 lakhs for FY 2026 compared to a profit of Rs. 8.83 lakhs in the prior year. Total income declined sharply to Rs. 38.65 lakhs from Rs. 100.20 lakhs. The company has had no revenue from operations since it closed its manufacturing in February 2006 and now only earns from selling fixed assets and interest income. The balance sheet shows severe distress with negative net worth of Rs. 1,545.89 lakhs (reserves at negative Rs. 2,807.83 lakhs) against total debt of Rs. 1,872.02 lakhs. The statutory auditor issued an unmodified opinion confirming the financial statements present a true and fair view.
The company is technically insolvent with negative equity, indicating extreme shareholder risk. The stock is essentially a zombie company with no operating business since 2006, making it a high-risk investment with no turnaround visible in these financials.