The company reported a return to profitability for the quarter.
The company operates in a single segment: "Spinning of Cotton Yarn".
Statement on Fund Utilization (Rights Issue)
Mode of Fund Raising: Right issue
Date of Raising Funds: 07.10.2024
Amount Raised: ₹4,874.81 lakhs
Report for Quarter Ended: 30-06-2026
Deviation/Variation in use of funds: No
Objects and Utilization:
Repayment of long-term unsecured loan: Original allocation ₹345.67 lakhs; Utilized ₹320.00 lakhs; Unutilized ₹25.40 lakhs.
Augmenting working capital: Original allocation ₹3,300 lakhs; Utilized ₹3,300 lakhs.
Corporate expense: Original allocation ₹1,194.14 lakhs; Modified to ₹18.70 lakhs; Utilized ₹1,193.16 lakhs; Unutilized ₹19.18 lakhs.
Issue-related expense: Original allocation ₹35.00 lakhs; ₹16.30 lakhs utilized; ₹18.70 lakhs transferred to General Corporate Purpose.
Outstanding Default on Loans
Loans from banks/financial institutions: Total outstanding ₹306.03 lakhs; Amount of default ₹0.
Total financial indebtedness: ₹306.03 lakhs.
Auditor's Review Report (Limited Review)
The auditors, HB Kalaria & Associates, issued a limited review report.
Other Matters noted by the auditor:
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 perform reviewing procedures to obtain assurance regarding the quantities and condition of inventories.
Notes to Financial Results
Figures for previous periods have been regrouped/reclassified for comparability.
The company is monitoring the finalization of rules under the New Labour Codes effective from November 21, 2025, and will provide an accounting effect as required.
