MARC LOIRE FASHIONS LIMITED

Marc Loire Fashions Limited is a footwear business that sells shoes through its own Exclusive Brand Outlets (EBOs) and conducts related-party purchase and sale of goods with three entities — Akash Overseas, Daresouls Private Limited, and Toobs Fashion Private Limited. The company listed on the BSE SME platform in July 2025 via an IPO of 21 lakh shares at Rs. 100, raising Rs. 2,100 lakhs, of which Rs. 526.88 lakhs was earmarked for opening 15 new EBOs and Rs. 935.22 lakhs for working capital. It has so far opened at least one new store at Majlis Park, Adarsh Nagar, Delhi (January 2026) and closed a Faridabad store (April 2026), leaving it with 3 operational stores. FY26 revenue from operations was Rs. 3,539.41 lakhs, down 16.2% from Rs. 4,225.74 lakhs in FY25, with the company reporting a 62.3% drop in profit after tax to Rs. 177.20 lakhs; operating cash flow turned negative at Rs. -1,286.95 lakhs and inventories nearly doubled to Rs. 1,900.89 lakhs. The cost structure shows employee cost at 3.1% of revenue and other operating expenses at 40.1% of revenue, with no material cost line disclosed separately. Unutilised IPO funds of Rs. 579.52 lakhs sit in escrow accounts and zero coupon bonds as of March 2026.