Unaudited results for the quarter ended on 30.06.2025
Awaiting price reaction for this filing.
Polytex India Ltd submitted its unaudited standalone financial results for the quarter ended 30 June 2025, approved by the Board on 14 August 2025. The company reported a net loss of approximately ₹3.90 lakh for the quarter, widening from a loss of ₹2.32 lakh in Q1 FY25. Total income stood at around ₹1.35 lakh against total expenses of ₹5.25 lakh. The statutory auditor Agrawal Jain & Gupta issued an unmodified limited review report, noting nothing objectionable. The filing also reiterates that the company's NBFC registration was cancelled by the RBI in June 2024 under Section 45-LA(6) of the RBI Act, 1934. Other equity remains deeply negative at approximately (₹1,102.10 lakh) against share capital of ₹1,350 lakh, indicating accumulated losses close to wiping out capital.
Continued quarterly losses, negative net worth, and the lost NBFC licence signal serious financial stress and raise concerns about the company's ability to continue as a going concern. Shareholders should view this as a high-risk, distressed micro-cap with no clear revenue base at present.