Key Financial Figures (Standalone, in ₹ Lakhs)

Quarter Ended 30th September 2026:

  • Revenue from Operations: ₹1,198.63
  • Other Income: ₹1.63
  • Total Income: ₹1,200.26
  • Total Expenses: ₹1,202.61
  • Loss Before Exceptional Items and Tax: ₹(2.35)
  • Exceptional Items (Loss on Sale of Fixed Assets): ₹(1.85)
  • Loss Before Tax: ₹(4.19)
  • Tax Expenses: ₹(0.55) [Current Tax]
  • Net Loss for the Quarter: ₹(3.64)
  • Basic & Diluted EPS: ₹(0.06)

Half Year Ended 30th September 2026:

  • Revenue from Operations: ₹2,215.57
  • Other Income: ₹13.03
  • Total Income: ₹2,313.89
  • Total Expenses: ₹2,308.03
  • Profit Before Exceptional Items and Tax: ₹5.86
  • Exceptional Items: ₹(1.85)
  • Profit Before Tax: ₹4.01
  • Tax Expenses: ₹0.65 [Current Tax]
  • Net Profit for the Half Year: ₹3.36
  • Basic & Diluted EPS: ₹0.06

Comparative Figures (Quarter Ended):

  • 30th June 2026: Net Profit of ₹7.01 lakh (EPS: ₹0.12)
  • 30th September 2025: Net Profit of ₹13.22 lakh (EPS: ₹0.23)

Subsidiary Status and Impact

  • The company's subsidiary, India Denim Limited, is under the Corporate Insolvency Resolution Process (CIRP) per NCLT Ahmedabad order CP(IB)/361/AHM/2019 dated 22/09/2023.
  • The board of the subsidiary was suspended from that date, and an Interim Resolution Professional (IRP) was appointed.
  • Interim financial information for the subsidiary was not available, preventing the preparation of consolidated financial results.
  • The company has made a full provision for the investment made in this subsidiary.

Auditor's Limited Review Report Qualifications

M/s. Bhuwania & Agrawal Associates, Chartered Accountants, issued a limited review report with two key emphasis of matter paragraphs:

1. Trade Receivables from Mudra Denims Pvt Ltd: The company has long-outstanding receivables of ₹711.18 lakh from Mudra Denims Pvt Ltd, which is also under CIRP. An impairment provision of ₹35.56 lakh was made during the period (PY: Nil), leading to a total impairment provision of ₹213.35 lakh and a net outstanding of ₹497.83 lakh. The provision is based on management's estimate, but the auditors note the absence of adequate evidence for recovery and that no legal proceedings have been initiated.

2. Corporate Guarantee for India Denim Ltd: The company has provided a corporate guarantee of ₹2,706.00 lakh (PY: ₹2,706.00 lakh) to the bankers of its subsidiary, India Denim Ltd, against term loans and working capital facilities. The subsidiary's accounts are classified as NPA, and it is under CIRP. The auditors highlight that this contingent liability is significantly higher than the company's total net worth (₹19.31 lakh as of 30-Sep-2026) and will have a material impact on the company's financial position.

Balance Sheet Highlights (Standalone, as of 30-Sep-2026 in ₹ Lakhs)

  • Total Assets: ₹3,806.77
  • Equity Share Capital: ₹580.80
  • Other Equity: ₹(561.49)
  • Total Equity: ₹19.31
  • Non-Current Liabilities: ₹398.86
  • Current Liabilities: ₹3,388.60
  • Key Assets: Inventories (₹2,134.20), Cash & Cash Equivalents (₹1,140.74), Other Bank Balances (₹44.80)

Cash Flow Statement (Half Year Ended, Standalone, in ₹ Lakhs)

  • Net Cash Flow From Operating Activities: ₹(0.82)
  • Net Cash Flow From Investing Activities: ₹(0.51)
  • Net Cash Flow From Financing Activities: ₹35.40
  • Net Increase in Cash & Cash Equivalents: ₹34.08

Additional Notes from Financial Statements

  • The company operates in a single reportable business segment: textiles.
  • The figures for the previous year have been regrouped where necessary.
  • The Board Meeting was held from 5:00 PM to 6:30 PM on 14th November, 2026.