Key Financial Figures

Standalone Financial Results (Amount in ₹ Lakhs, except per share data):

  • Revenue from Operations: ₹2,631.77 for the quarter (Q1 FY27); ₹9,881.90 for the year ended March 31, 2026 (FY26).
  • Total Revenue: ₹2,631.77 for the quarter; ₹9,881.90 for FY26.
  • Total Expenses: ₹2,595.56 for the quarter; ₹9,645.50 for FY26.
  • Profit/(Loss) Before Tax (PBT): ₹36.21 for the quarter; ₹236.40 for FY26.
  • Tax Expense: ₹9.05 for the quarter (Current Tax: ₹9.05, Deferred Tax: ₹0.00); ₹59.10 for FY26.
  • Profit/(Loss) for the Period/Year (PAT): ₹27.16 for the quarter; ₹177.30 for FY26.
  • Paid-up Equity Share Capital: ₹2,439.92 (Face Value: ₹10 per share).
  • Basic and Diluted Earnings Per Share (EPS): ₹1.11 for the quarter.

Dates of Action

  • Quarter End Date: June 30, 2026.
  • Board Meeting Date: August 7, 2026 (to approve results).
  • Filing Date: August 7, 2026.
  • Auditor's Review Report Date: August 7, 2026.

Parties Involved

  • Listed Entity: Akshar Spintex Limited.
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited.
  • Statutory Auditors: HB Kalaria & Associates (Firm Reg. No. 104571W).

Financial and Operational Impact

  • The company's operations fall under a single segment: "Spinning of Cotton Yarn".
  • The company notes the implementation of new Labour Codes effective November 21, 2025, and states it will provide appropriate accounting effect as developments on final rules occur.
  • The auditors, in their review report, highlight two observations:
  • The company has not made payment of certain statutory dues such as professional tax during the reporting period.
  • The company did not carry out a physical inspection of its inventories during the period, and consequently, the auditors were unable to obtain sufficient evidence regarding the quantities and condition of inventories.

Statement on Deviation/Variation in Fund Utilization

  • Mode of Fund Raising: Rights Issue.
  • Date of Raising Funds: October 7, 2024.
  • Amount Raised: ₹4,874.81 Lakhs.
  • Report for Quarter Ended: June 30, 2026.
  • Is there a Deviation/Variation?: No.
  • Utilization Details:
  • Object: Repay long-term unsecured loan. Amount raised: ₹345.67 Lakh. Amount utilized: ₹320.00 Lakh. Unutilized: ₹25.67 Lakh.
  • Object: Augment working capital. Amount raised: ₹3,300.00 Lakh. Amount utilized: ₹3,300.00 Lakh. Unutilized: ₹0.00.
  • Object: Corporate expense related to issue. Amount raised: ₹1,194.14 Lakh. Amount utilized: ₹1,193.16 Lakh. Unutilized: ₹0.98 Lakh.
  • Object: Estimated issue related expense. Amount raised: ₹35.00 Lakh. Amount utilized: ₹16.30 Lakh. The remaining ₹18.70 Lakh was transferred to General Corporate Purpose (GCB).
  • Audit Committee Comments: No Comments.
  • Auditors Comments: No comments.

Disclosure on Outstanding Default

  • Loans / Cash Credit from Banks / FIs: Total amount outstanding: ₹306.03 Lakh. Amount of default: ₹0.00.
  • Unlisted Debt Securities (NCDs/NCRPS): Not Applicable.
  • Total Financial Indebtedness: ₹306.03 Lakh (including short-term and long-term debt).

Capital Structure Impact

No change in share capital or capital structure was reported for the quarter. The paid-up equity share capital remains at ₹2,439.92 Lakh.

Governance

  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors.
  • The statutory auditors have carried out a limited review of the results.
  • A certificate of correctness of the financial results was provided by the management pursuant to Regulation 33(2)(a).