Key Financial Figures - Standalone (₹ in Lakhs)
Income Statement for FY26:
- Revenue from operations: ₹69,739.09
- Other income: ₹73,957.85
- Total income: ₹1,43,696.94
- Net loss after tax: ₹(2,027.14)
- Total comprehensive income: ₹(2,027.03)
- Earnings per share (Basic and Diluted): ₹(482.96)
Balance Sheet as at March 31, 2026:
- Total assets: ₹5,24,642.24
- Equity share capital: ₹4,378.64
- Other equity: ₹4,04,948.83
- Total equity: ₹4,09,327.47
- Total liabilities: ₹1,15,314.77
Quarterly Performance (Q4 FY26):
- Revenue from operations: ₹16,814.66
- Other income: ₹36,347.16
- Total income: ₹63,161.82
- Net loss after tax: ₹(2,110.01)
- Earnings per share: ₹(497.89)
Key Financial Figures - Consolidated (₹ in Lakhs)
Income Statement for FY26:
- Revenue from operations: ₹2,89,942.05
- Other income: ₹60,315.81
- Total income: ₹3,50,257.86
- Net loss after tax: ₹(1,06,189.36)
- Total comprehensive income: ₹(1,01,891.21)
- Earnings per share (Basic and Diluted): ₹(242.52)
Balance Sheet as at March 31, 2026:
- Total assets: ₹8,72,561.02
- Equity share capital: ₹4,378.64
- Other equity: ₹3,00,695.97
- Total equity: ₹3,04,312.49
- Total liabilities: ₹5,68,248.53
Quarterly Performance (Q4 FY26):
- Revenue from operations: ₹67,462.95
- Other income: ₹30,429.08
- Total income: ₹97,892.04
- Net loss after tax: ₹(98,808.23)
- Earnings per share: ₹(225.66)
Auditor Opinions
Standalone Financials: M/s Singhi & Co., Chartered Accountants (Firm Registration No. 302049E) issued an unmodified opinion on the standalone financial results.
Consolidated Financials: M/s Singhi & Co. issued a modified (qualified) opinion on the consolidated financial results due to inability to physically verify inventories worth ₹25,880.96 lakhs at a subsidiary's factory in Nashik, Maharashtra, following a fire incident on May 21, 2025.
Exceptional Items
Standalone (FY26): ₹(214,715.68) lakhs comprising:
- Loss on buyback of shares of subsidiary: ₹(3,929.15)
- Provision for impairment on investments in subsidiaries: ₹(10.00)
- Impact of labor laws: ₹(48.48)
- Provision for loans to subsidiary considered doubtful: ₹(1,42,131.20)
- Provision for other receivables from subsidiary considered doubtful: ₹(41,899.92)
- Interest on loans & other receivables from subsidiary written off: ₹(26,696.93)
Consolidated (FY26): ₹(106,710.63) lakhs comprising:
- Impact of labor laws: ₹286.20
- Loss due to fire at subsidiary: ₹106,424.43
Significant Events
1. Fire Incident: On May 21, 2025, a significant fire occurred at a subsidiary's manufacturing facility in Nashik, Maharashtra, resulting in damage to property, plant & equipment, capital work in progress, and inventories.
2. Scheme Withdrawal: The Board on April 10, 2026, approved withdrawal of the application filed under Regulation 37 of SEBI LODR for the proposed Scheme of Arrangement with Global Non Woven Limited due to procedural delays, geopolitical uncertainties, and evolving business conditions.
3. Acquisition: During quarter ending June 30, 2025, the Company acquired 48.84% equity stake in Enerlite Solar Films India Limited, making it a subsidiary (previously an associate until April 30, 2025).
Cash Flow Highlights
Standalone (FY26):
- Net cash from operating activities: ₹23,741.40
- Net cash from investing activities: ₹17,743.10
- Net cash used in financing activities: ₹(22,097.91)
- Net increase in cash: ₹2,888.59
Consolidated (FY26):
- Net cash used in operating activities: ₹(9,786.48)
- Net cash from investing activities: ₹84,717.92
- Net cash used in financing activities: ₹(72,706.30)
- Net increase in cash: ₹2,225.14
Segment Reporting
Packaging Films: Revenue of ₹1,90,690.84 lakhs for FY26
Nonwoven Fabrics: Revenue of ₹69,728.69 lakhs for FY26
Others: Revenue of ₹32,547.79 lakhs for FY26