Key Financial Figures - Standalone (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26 Revenue from Operations: ₹8,184
  • Q4 FY26 Total Income: ₹8,491
  • Q4 FY26 Net Loss: ₹1,728
  • Q4 FY25 Net Profit: ₹4,075 (comparative)

Annual Performance FY26:

  • Revenue from Operations: ₹42,196
  • Total Income: ₹43,675
  • Net Loss: ₹6,622
  • FY25 Net Loss: ₹5,468 (comparative)

Exceptional Items FY26:

  • Inventory Impairment Charge: ₹3,646 (₹36.46 crore)
  • Profit on Sale of Assets: ₹3,381 (₹33.81 crore)
  • New Labour Code Gratuity Obligation: ₹107 (₹1.07 crore)
  • Net Exceptional Items: ₹(372)

Earnings Per Share (EPS):

  • Continuing Operations Basic & Diluted: ₹(105.10)
  • Discontinued Operations Basic & Diluted: ₹(32.39)
  • Total Basic & Diluted EPS: ₹(137.48)

Balance Sheet Position - Standalone (as at March 31, 2026)

  • Total Assets: ₹48,999
  • Total Equity: ₹16,842
  • Current Liabilities: ₹31,946
  • Borrowings (Current): ₹21,560
  • Trade Payables: ₹4,781
  • Cash and Cash Equivalents: ₹52
  • Bank Balances (earmarked): ₹980

Cash Flow Statement - Standalone

  • Cash from Operating Activities: ₹8,857
  • Cash from Investing Activities: ₹14,143
  • Cash from Financing Activities: ₹(22,972)
  • Net Increase in Cash: ₹29

Discontinued Operations Details

The company has disposed of SVTM Unit and initiated disposal of CTM Unit, classified as discontinued operations:

FY26 Performance:

  • Revenue from Operations: ₹725.69
  • Expenses: ₹3,057.72
  • Net Loss from Operations: ₹(2,332.03)
  • Gain on Sale of Discontinued Operations: ₹772.13
  • Net Loss from Discontinued Operations: ₹(1,559.90)

Quarterly Breakdown:

  • Q4 FY26: Loss of ₹639.61
  • Q3 FY25: Profit of ₹449.68
  • Q4 FY25: Loss of ₹585.87

Consolidated Financial Results

  • FY26 Revenue from Operations: ₹42,196
  • FY26 Net Loss: ₹6,467
  • Share of Profit/(Loss) from Joint Venture: ₹721
  • Total Comprehensive Loss: ₹6,501
  • Consolidated EPS: ₹(134.28)

Audit and Compliance

  • Statutory Auditor: Brahmayya & Co., Chartered Accountants (Firm Registration No. 000511S)
  • Audit Committee and Board approved results on May 27, 2026
  • Unmodified audit opinion with emphasis of matter

Emphasis of Matter

Auditor highlighted management's initiatives involving:

  • Monetization of assets resulting in scaling down operations
  • Relocating manufacturing facilities to improve operational efficiencies
  • Management's assertion of achieving operational profits and sustainability

Management Commentary

  • Company continues efforts towards realignment and rationalization of manufacturing operations
  • Objective to improve capacity utilization, enhance operational efficiencies and optimize costs
  • Considerable progress made in monetization of underutilized and non-core assets
  • Assets classified as "Held for Sale" identified for further monetization
  • Management confident of achieving sustainable operational profitability in near future

Additional Information

  • Company operates in one segment: Textile Business
  • Manufacturing plants at Kovilpatti, Sattur, Cuddalore in Tamilnadu
  • No outstanding defaults on loans or debt securities
  • No current tax recognized due to losses from continuing and discontinued operations
  • Previous period figures have been reclassified/regrouped where necessary