Outcome of the Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015
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Ventura Textiles' Board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), reporting a net loss of Rs 7.82 lakhs, a sharp improvement from the Rs 83.34 lakh loss in the same quarter last year. Operating revenue fell significantly to about Rs 5.36 lakhs from Rs 11.47 lakhs year-on-year, indicating a steep revenue decline. The full-year FY25 loss stood at Rs 117.32 lakhs, reflecting the company's continued accumulated losses. The Board deferred two key proposals: (1) reducing paid-up share capital to write off accumulated losses, and (2) issuing sweat equity shares and preferential shares to third parties. The registered office was also shifted to a new address in Andheri East, Mumbai.
The narrowing of quarterly losses is a mild positive, but continued losses and the deferred capital reduction mean accumulated losses remain on the books, which is negative for shareholder equity. If the deferred sweat equity and preferential share proposals are revived later, existing shareholders could face equity dilution. The decision to defer rather than proceed suggests the Board is still working out terms, adding uncertainty.