Financial Results for Quarter Ended June 30, 2026

Income Statement (₹ in Lakhs):

  • Revenue from operations: ₹7,360.14
  • Other income: ₹24.98
  • Total Income: ₹7,509.95

Expenses:

  • Cost of materials consumed: ₹2,827.70
  • Changes in inventories of finished goods, work-in-progress: ₹943.06
  • Employee benefits expenses: ₹2,804.97
  • Finance costs: ₹349.00
  • Depreciation and impairment expense: ₹3,056.20
  • Other expenses: ₹10,018.20
  • Total expenses: ₹8,702.86

Profit/(Loss):

  • Profit/(Loss) before tax and exceptional items: (₹392.91)
  • Exceptional items: Not applicable
  • Profit/(Loss) before tax: (₹892.91)
  • Tax expense: Nil
  • Profit/(Loss) for the period: (₹892.91)
  • Other comprehensive income: Nil
  • Total comprehensive income for the period: (₹892.91)

Capital Structure:

  • Paid-up equity share capital (Face Value ₹10): ₹4,799.05 lakh
  • Other equity: Not specified for current quarter
  • Earnings per share (Basic and Diluted): (₹1.86)

Comparative Financial Data

Quarter Ended June 30, 2025:

  • Total Income: ₹7,483.56 lakh
  • Profit/(Loss) for the period: (₹506.85) lakh
  • EPS: (₹1.06)

Quarter Ended March 31, 2026 (Audited):

  • Total Income: ₹9,091.88 lakh
  • Profit/(Loss) for the period: (₹1,032.83) lakh
  • EPS: (₹2.15)

Year Ended March 31, 2026 (Audited):

  • Total Income: ₹37,048.94 lakh
  • Profit/(Loss) for the year: (₹4,730.95) lakh
  • EPS: (₹9.86)
  • Other equity: (₹88,028.01) lakh

Auditor's Review and Going Concern

Singhi & Co., Chartered Accountants (Firm Registration No. 302049E), issued a limited review report dated August 14, 2026. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

The auditor drew attention to Note 2 of the financial statement, which indicates:

  • The company incurred a loss of ₹892.91 lakh for the quarter ended June 30, 2026
  • Accumulated losses as on June 30, 2026 have eroded the net worth of the company
  • These conditions indicate existence of material uncertainty that may cast significant doubt on the company's ability to continue as a going concern

Despite this, the financial results have been prepared on a going concern basis because:

  • The company and its holding company have a positive outlook for the garment industry
  • The holding company has confirmed financial support to the company to continue as a going concern

Segment Information

The company has only one reportable segment: Garments.

Accounting Standards and Compliance

The financial results have been prepared in accordance with:

  • Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013
  • Relevant rules issued thereunder
  • Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended

The financial figures for quarter ended March 31, 2026 are balancing figures between audited figures for full financial year ended March 31, 2026 and published unaudited year-to-date figures up to third quarter ended December 31, 2025.