Outcome of Board meeting for audited financial results results for Quarter and Year ended 31st March,2026
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Ventura Textiles Ltd reported total income of Rs 8.73 lakh for Q4 FY26 and Rs 14.74 lakh for full year FY26 (up from Rs 12.71 lakh in FY25). However, the company continues to incur significant losses, reporting a net loss of Rs 10.35 lakh for Q4 and Rs 35.01 lakh for FY26. Despite losses improving from Rs 117.32 lakh in FY25, the company has sold its Land, Building and major part of Plant & Machinery. Other Equity stands at negative Rs 2,887.61 lakh indicating severe accumulated losses and negative net worth. The Board also approved a proposal to change the company's name to enter the beverages business including breweries, distilleries, aerated water and mineral water. Auditors have issued an unmodified opinion.
The company is in severe financial distress with negative net worth and persistent losses. While losses have reduced year-on-year, the sale of core assets raises serious doubts about the going concern assumption despite management assurances. The proposed diversification into beverages represents a significant strategic pivot.