SVP GLOBAL TEXTILES LTD

Operates in the textiles sector, but the filings describe a business in severe financial distress. Two key step-down subsidiaries have been admitted to Corporate Insolvency Resolution Process (CIRP) by the NCLT since October 2023 and March 2024, and Indian Bank has filed an IBC Section 7 petition to recover Rs. 35.63 crores. On a standalone basis, the company reported revenue of Rs 5.0313 crore for FY26 with employee cost at 7.1% of revenue and materials cost at 102.6%, but standalone operations effectively generated zero revenue in Q3 FY26. On a consolidated basis, nine-month FY26 revenue collapsed to Rs. 503.13 lakhs from Rs. 7,984.17 lakhs a year earlier, reflecting the CIRP-driven exclusion of subsidiary operations. The consolidated net loss for nine-month FY26 was Rs. 15,437.05 lakhs with diluted EPS of Rs. (4.20). The statutory auditors issued an unmodified opinion but flagged three emphasis-of-matter items: ongoing CIRP of subsidiaries, unconfirmed trade receivables and payables, and breach of debt covenants where lenders have recalled borrowings and the company has stopped providing for finance costs since June 30, 2024. Other equity is negative at Rs. (7,046.04) lakhs standalone and Rs. (1,03,311.11) lakhs consolidated.