Standalone Performance (Quarter Ended September 30, 2026):
Revenue from operations: ₹7,308.60 lakhs
Other income: ₹79.16 lakhs
Total income: ₹9,412.78 lakhs
Total expenses: ₹10,244.39 lakhs
Loss before exceptional items and tax: ₹(831.61) lakhs
Exceptional items: ₹775.52 lakhs (NHAI land acquisition claim)
Loss after exceptional items and before tax: ₹(56.09) lakhs
Net loss for the quarter: ₹(56.09) lakhs
Other comprehensive income: ₹162.76 lakhs
Total comprehensive income: ₹106.67 lakhs
Basic and diluted EPS: ₹(0.04)
Standalone Performance (Half Year Ended September 30, 2026):
Revenue from operations: ₹14,738.53 lakhs
Other income: ₹314.33 lakhs
Total income: ₹20,342.11 lakhs
Total expenses: ₹21,341.05 lakhs
Loss before exceptional items and tax: ₹(998.94) lakhs
Exceptional items: ₹775.52 lakhs
Loss after exceptional items and before tax: ₹(223.42) lakhs
Net loss for half year: ₹(223.42) lakhs
Other comprehensive income: ₹162.76 lakhs
Total comprehensive income: ₹(60.66) lakhs
Basic and diluted EPS: ₹(0.17)
Consolidated Performance (Quarter Ended September 30, 2026):
Net loss for the quarter: ₹(56.15) lakhs
Total comprehensive income: ₹106.61 lakhs
Consolidated Performance (Half Year Ended September 30, 2026):
Net loss for half year: ₹(223.54) lakhs
Total comprehensive income: ₹(60.78) lakhs
Segment-wise Performance (Standalone)
Quarter Ended September 30, 2026:
Fibre segment revenue: ₹12,667.69 lakhs
Yarn segment revenue: ₹209.87 lakhs
Inter-segment revenue: ₹(3,543.94) lakhs
Fibre segment profit before tax and finance cost: ₹405.71 lakhs
Yarn segment loss before tax and finance cost: ₹(174.18) lakhs
Half Year Ended September 30, 2026:
Fibre segment revenue: ₹21,593.32 lakhs
Yarn segment revenue: ₹5,289.25 lakhs
Inter-segment revenue: ₹(6,854.79) lakhs
Fibre segment profit before tax and finance cost: ₹1,018.19 lakhs
Yarn segment loss before tax and finance cost: ₹(643.87) lakhs
Key Financial Metrics
Paid-up equity share capital: ₹13,532 lakhs
Face value per share: ₹10.00
Reserves excluding revaluation reserves: ₹(14,767.64) lakhs (as of March 31, 2026)
Exceptional Item Details
Received ₹2,130.40 lakhs from NHAI against land acquisition claim
Net claim receivable at beginning of year: ₹1,354.88 lakhs plus interest
Amount over already booked income: ₹775.52 lakhs recognized as exceptional income
Treated as contingent liability in accordance with IND AS 37 as released by court against security
Corporate Governance Update
Appointment of Mr. Rubinderjit Singh Brar, IAS as Non-Executive Nominee Director and Chairperson
Effective date: November 12, 2026
Replaces Mrs. Surabhi Malik, IAS
Mr. Brar is Managing Director of Punjab State Industrial Development Corporation Ltd. (PSIDC) and Punjab Small Industries Export Corporation (PSIEC)
Not related to any existing directors, KMPs, or promoters
Not debarred from holding director office
Auditor Review
AKR & Associates conducted limited review of standalone and consolidated financial results
Financial results prepared in accordance with IND AS 34
Nothing came to attention suggesting material misstatement
Subsidiary Carlit Trading Europe S.L. included in consolidation with minimal impact
Going Concern Assessment
Company's net worth substantially eroded due to continuous losses
Financial statements prepared on going concern basis considering expected improvement in future operations and realization of pending government incentives
Cash Flow Statement (Standalone)
Cash generated from operations: ₹1,315.26 lakhs
Net cash used in investing activities: ₹128.33 lakhs
Net cash from financing activities: ₹(2,390.28) lakhs
Net decrease in cash and bank balances: ₹(946.69) lakhs
Closing cash and bank balances: ₹573.06 lakhs
Assets and Liabilities Position (Standalone as of September 30, 2026)
