KAJAL SYNTHETICS & SILK MILLS

Classified under Financial Services / Other Financial Services, the entity is described in its FY26 results as "primarily engaged in Finance & Investment activities," with virtually no operating revenue despite a name that suggests textile manufacturing. In FY26, total income was just Rs. 6.90 lakhs (up 25.5% from Rs. 5.50 lakhs in FY25) and was driven entirely by other income — there was no material revenue from operations. Total expenses of Rs. 246.91 lakhs were dominated by finance costs of Rs. 198.70 lakhs, which alone exceeded total income by more than 28 times. The standalone net loss widened to Rs. 240.01 lakhs (vs. Rs. 214.97 lakhs in FY25), and consolidated net loss was Rs. 240.49 lakhs. Borrowings stood at Rs. 2,105 lakhs, equity share capital was Rs. 199.20 lakhs, and net worth was negative at Rs. 791.70 lakhs as of 31 March 2025. Operating cash flow remained negative at Rs. 35.03 lakhs in FY26, and the statutory auditor flagged that one associate (Park Avenue Engineering) had accumulated losses exceeding the purchase cost, so further share of losses was no longer recognised. The company has claimed exemption from several SEBI LODR requirements — including the Annual Secretarial Compliance Report and half-yearly related party transaction disclosure — citing its sub-threshold paid-up capital and net worth.