Outcome of the Board meeting held on May 19, 2026
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The Board of Ventura Textiles Limited met on May 19, 2026 and approved two key items. First, the audited financial results for Q4 and FY ended March 31, 2026 showed a net loss of Rs. 35.01 lakh for the full year, significantly improved from the Rs. 117.32 lakh loss in FY2025. Total income stood at Rs. 13.50 crore. Second, the Board approved a proposal to change the company's name, pending shareholder and regulatory approvals. The name change aligns with the company's plan to diversify into beverages business (including breweries, distilleries, aerated water, and mineral water), as approved by shareholders at the AGM held on September 30, 2025. The statutory auditors issued an unmodified (clean) opinion on the financial results.
The financial results show improving losses but the company remains in loss-making territory with negative other equity of Rs. -28.87 lakh. The strategic shift into beverages represents a major business transformation for this textiles company. Investors should monitor shareholder approval and regulatory clearances for the name change, as well as future announcements about the new beverage business plans.