The Board of Directors, at its meeting held on 13th August 2025, approved the Unaudited Standalone Financial Results for Q1 ended 30th June 2025, along with the Limited Review Report. The ....
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The Board approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025), reporting a net loss of about Rs. 11.06 lakhs compared to a loss of Rs. 6.83 lakhs in Q1 FY25, with revenue from operations appearing negligible in the quarter. The statutory auditor (N.D. Kapur & Co.) issued an unmodified (clean) limited review report with no qualifications. The Board also approved the voluntary delisting of equity shares from the Calcutta Stock Exchange, while remaining listed on BSE, and a change of company name from 'High Street Filatex Limited' to 'Tusaldah Limited', subject to shareholder and MCA approval. Additionally, CFO Mrs. Aishwarya Sethia resigned citing personal reasons and was replaced by Mrs. Hetal Waglekar as the new CFO, while Mr. Manish Jhanwar was appointed as an Independent Director and Krishna Rathi & Associates as Secretarial Auditor for FY25-26.
The widening quarterly loss and near-zero operating revenue are concerning for shareholders, signalling continued operational weakness. The name change, CSE delisting (keeping only BSE listing), and key CFO transition suggest the company is undergoing structural restructuring, which investors should monitor closely for clarity on future business direction.