Outcome of Board Meeting
VIVIDHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Visagar Polytex Limited's Board meeting held on 29th May 2026 approved the audited financial results for Q4 and FY ended March 31, 2026. The company reported a net loss, with EPS at Rs. (0.06) for FY 2026 (vs Rs. (0.02) in Q4 of FY 2025), a slight improvement from FY 2025's loss of Rs. (0.06) per share. Total assets declined to Rs. 600.69 Lakhs from Rs. 727.58 Lakhs. The company's equity turned negative at Rs. (40.72) Lakhs (vs Rs. 113.13 Lakhs positive in FY 2025), reflecting accumulated losses. Trade receivables halved to Rs. 88.55 Lakhs from Rs. 172.34 Lakhs. The Board also re-appointed Mr. Lakhpat M. Trivedi as Internal Auditor for FY 2026-27. Statutory auditors Bhatter & Associates issued an unmodified opinion. Trading window will open 48 hours after the results were made public.
The company continues to burn losses with equity turning negative — a significant concern for shareholders. The improving EPS (from -0.06 to -0.06, but better Q4 vs prior Q4) shows some operational cost control, but the deteriorating balance sheet (declining assets, negative equity) warrants caution.