Board Meeting Details

The Board of Directors meeting was held on 13th November 2026, commencing at 11:00 AM and concluding at 12:35 PM. The meeting reviewed and approved the unaudited financial results.

Financial Results Summary

Quarterly Performance (Q2 FY27 ended 30th September 2026)

  • Revenue from Operations: ₹26.59 crores
  • Other Income: ₹0.71 crores
  • Total Income: ₹27.30 crores
  • Total Expenses: ₹28.52 crores
  • Loss before exceptional items and tax: ₹1.22 crores
  • Exceptional Items: Profit of ₹0.42 crores (from sale of obsolete sewing machines)
  • Loss Before Tax: ₹0.80 crores
  • Tax Expenses: ₹0.00
  • Net Loss: ₹0.80 crores
  • Basic EPS: (₹0.12)
  • Diluted EPS: (₹0.12)

Half-Year Performance (H1 FY27 ended 30th September 2026)

  • Revenue from Operations: ₹53.01 crores
  • Other Income: ₹1.42 crores
  • Total Income: ₹54.43 crores
  • Total Expenses: ₹58.02 crores
  • Loss before exceptional items and tax: ₹3.59 crores
  • Exceptional Items: Profit of ₹0.42 crores
  • Loss Before Tax: ₹3.17 crores
  • Tax Expenses: ₹0.00
  • Net Loss: ₹3.17 crores
  • Basic EPS: (₹0.49)
  • Diluted EPS: (₹0.49)

Comparative Performance

Quarterly Comparison (YoY):

  • Revenue declined from ₹42.52 crores (Q2 FY26) to ₹26.59 crores (Q2 FY27)
  • Net loss improved from ₹3.95 crores (Q2 FY26) to ₹0.80 crores (Q2 FY27)

Half-Year Comparison (YoY):

  • Revenue declined from ₹83.19 crores (H1 FY26) to ₹53.01 crores (H1 FY27)
  • Net loss improved significantly from ₹10.68 crores (H1 FY26) to ₹3.17 crores (H1 FY27)

Balance Sheet Position (as at 30th September 2026)

  • Total Assets: ₹97.37 crores (vs ₹111.60 crores as at 31st March 2026)
  • Non-Current Assets: ₹25.38 crores
  • Current Assets: ₹71.99 crores
  • Inventories: ₹29.91 crores
  • Trade Receivables: ₹26.41 crores
  • Cash and Cash Equivalents: ₹0.12 crores
  • Bank balances other than cash: ₹9.39 crores
  • Equity Share Capital: ₹64.55 crores
  • Other Equity (Reserves and Surplus): (₹58.10) crores (accumulated losses)
  • Total Equity: ₹6.45 crores
  • Total Borrowings (Current + Non-current): ₹37.88 crores
  • Lease Liabilities: ₹5.17 crores
  • Total Liabilities: ₹90.92 crores

Cash Flow Statement (Half Year ended 30th September 2026)

  • Net Cash from Operating Activities: (₹0.59) crores
  • Net Cash from Investing Activities: ₹17.79 crores (primarily from decrease in fixed deposits)
  • Net Cash used in Financing Activities: (₹17.45) crores (primarily from repayment of borrowings and lease liabilities)
  • Net Decrease in Cash: (₹0.25) crores

Key Notes and Disclosures

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 13th November 2026.

2. Financial statements prepared in accordance with Indian Accounting Standards (Ind AS).

3. The company operates exclusively in the garments segment.

4. Accumulated losses of ₹58.10 crores as of 30th September 2026.

5. Auditors (SRSV & Associates) conducted a limited review and confirmed that the financial statements have been prepared on a going concern basis, noting they have obtained sufficient evidence to establish the continuance of the company as a going concern.

6. Exceptional item of ₹0.42 crores represents profit from sale of obsolete sewing machines that were no longer in use and had become technologically outdated. This transaction is non-recurring in nature.