Key Quantitative Figures

Financial Performance (₹ in Lakhs)

Quarter Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹3,667.55
  • Other Income: ₹12.59
  • Total Revenue: ₹3,680.14
  • Total Expenses: ₹3,663.34
  • Profit before tax: ₹16.80
  • Profit for the period: ₹16.80
  • Total Comprehensive Income: ₹9.38
  • Basic & Diluted EPS: ₹0.34

Financial Year Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹11,902.31
  • Other Income: ₹681.34
  • Total Revenue: ₹12,583.65
  • Total Expenses: ₹12,190.56
  • Profit before tax: ₹393.09
  • Profit for the period: ₹393.09
  • Total Comprehensive Income: ₹385.68
  • Basic & Diluted EPS: ₹14.05

Comparative Figures (FY2025 Audited):

  • Revenue from operations: ₹10,308.85
  • Profit for the period: ₹244.54
  • Basic & Diluted EPS: ₹9.06

Balance Sheet Highlights (as at March 31, 2026):

  • Total Assets: ₹13,569.67 Lakhs
  • Equity Share Capital: ₹205.85 Lakhs
  • Other Equity: ₹4,006.78 Lakhs
  • Amount Received for Equity Allotment: ₹400.15 Lakhs
  • Total Equity: ₹4,612.78 Lakhs
  • Non-current liabilities: ₹2,225.59 Lakhs
  • Current liabilities: ₹6,731.31 Lakhs

Cash Flow Statement (FY2026):

  • Net cash from operating activities: ₹609.69 Lakhs
  • Net cash from investing activities: ₹792.23 Lakhs
  • Net cash used in financing activities: ₹(1,376.80) Lakhs
  • Net increase in cash: ₹25.11 Lakhs
  • Cash and cash equivalents at year-end: ₹29.18 Lakhs

Net Worth Certificate Data (₹ in Crore):

  • FY 2022-2023: -₹2.03
  • FY 2023-2024: -₹7.04
  • FY 2024-2025: -₹3.56
  • Paid-up equity share capital remained constant at ₹2.05 crore across all three years

Dates of Action

  • Board Meeting: Commenced May 30, 2026 (4:00 PM) and concluded June 3, 2026 (8:45 PM)
  • Financial Period: Quarter and Year ended March 31, 2026
  • Auditor's Report Date: June 3, 2026
  • Net Worth Certificate Date: July 21, 2025

Parties Involved

  • Statutory Auditors: M/s. Nenawati and Associates, Chartered Accountants (Firm Registration No. 002148C)
  • Net Worth Certifying Auditor: Pradeep Patankar & Co., Chartered Accountants (ICAI Firm Registration Number: 147265W)
  • Managing Director: Deepak Choudhari (DIN: 03175105)
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Purpose and Rationale

Financial and Operational Impact

  • The company reported profitability for both Q4 FY2026 (₹16.80 lakhs) and full FY2026 (₹393.09 lakhs)
  • The acquisition of a fabric manufacturing unit on slump sale basis effective from March 1, 2025, is noted as part of forward integration
  • The company continues to operate in one reportable segment: Textile and allied activities
  • No default in repayment of loans or debt securities
  • No public issue, rights issue, preferential issue, or qualified institutions placement during the period
  • No tax expense for current period due to utilization of brought forward tax losses

Capital Structure Impact

  • Equity share capital remained unchanged at ₹205.85 lakhs
  • The notes reference historical corporate actions under the Insolvency and Bankruptcy Code, 2016 process:
  • Extinguishment of shares
  • Reduction in face value from ₹5 per share to ₹0.50 per share
  • Consolidation of shares back to ₹5 per share face value
  • These were given effect during FY 2020-21 with corresponding effect to Insolvency and Bankruptcy Reserve

Cash Flow Implications

  • Operating activities generated positive cash flow of ₹609.69 lakhs
  • Investing activities generated positive cash flow of ₹792.23 lakhs primarily from sale of fixed assets (₹1,407.53 lakhs)
  • Financing activities used cash of ₹1,376.80 lakhs primarily for repayment of borrowings

Notes and Qualifications

1. The company has adopted Indian Accounting Standards (Ind AS)

2. Figures for previous comparative periods have been restated to comply with Ind-AS for comparability

3. Balances of parties under trade payables and loans & advances are subject to confirmation and reconciliation

4. The Resolution Plan under IBC was approved by NCLT vide order dated July 31, 2018

5. The company has only one reportable operating segment: Textile and allied activities

6. No requirement for consolidated financial statements as no subsidiary or associate company exists

7. Provision for current tax is nil due to utilization of brought forward tax losses

8. Disclosure of qualified borrowings:

  • Outstanding at start of FY2026: ₹44.80 crore
  • Outstanding at end of FY2026: ₹37.36 crore
  • Incremental borrowing during year: Nil
  • Borrowings by debt securities: Nil

9. Net worth calculation excludes revaluation reserve as per Companies Act, 2013 definition

Annexures Filed

  • Audited Standalone Financial Results
  • Statement of Assets and Liabilities
  • Statement of Cash Flows
  • Audit Report by Statutory Auditors
  • Declaration pursuant to Regulation 33(3)(d)
  • Integrated Filing (Financial)
  • Net Worth Certificate for last 3 consecutive years