Financial Results - Standalone (₹ in lakhs)
Quarter Ended June 30, 2026:
- Total Income: ₹7.35 lakhs
- Total Expenses: ₹155.05 lakhs
- Profit/(Loss) Before Tax: (₹147.70) lakhs
- Tax Expense: ₹0.00 lakhs
- Profit/(Loss) for the Period: (₹147.70) lakhs
- Earnings Per Share (Basic): -₹0.20
- Paid-up Equity Share Capital: ₹743.83 lakhs (Face Value ₹10 per share)
- Other Equity: (₹2,624.11) lakhs
- Net Worth: (₹1,880.28) lakhs
Comparative Standalone Figures:
- Quarter Ended March 31, 2026: Net Loss ₹356.31 lakhs, EPS -₹0.48
- Quarter Ended June 30, 2025: Net Loss ₹269.27 lakhs, EPS -₹0.36
- Year Ended March 31, 2026: Net Loss ₹10,715.15 lakhs, EPS -₹1.45
Financial Results - Consolidated (₹ in lakhs)
Quarter Ended June 30, 2026:
- Total Income: ₹7.35 lakhs
- Total Expenses: ₹155.05 lakhs
- Profit/(Loss) Before Tax: (₹147.70) lakhs
- Tax Expense: ₹0.00 lakhs
- Profit/(Loss) for the Period: (₹147.70) lakhs
- Earnings Per Share (Basic): -₹0.19
- Paid-up Equity Share Capital: ₹772.88 lakhs
- Other Equity: (₹2,378.47) lakhs
- Net Worth: (₹1,605.59) lakhs
Comparative Consolidated Figures:
- Quarter Ended March 31, 2026: Net Loss ₹356.34 lakhs, EPS -₹0.46
- Quarter Ended June 30, 2025: Net Loss ₹269.29 lakhs, EPS -₹0.35
- Year Ended March 31, 2026: Net Loss ₹10,732.41 lakhs, EPS -₹1.40
Operational Update
Production activities remain suspended due to disconnection of power. The company states that textile machinery is relatively new and can be restarted once power is reconnected with basic servicing. The company is in communication with APDCL (Assam Power Distribution Company Limited) for restoration of power.
Once power is reconnected, the company plans to:
- Refurbish its 132 KV substation
- Restart production activities in a phased manner
- Recruit optimal manpower required for phase-wise restarting
The company is seeking release of its subsidy (CCIS) of ₹5.90 crore approved by the SLC (State Level Committee) dated December 31, 2019, and other pending subsidies and receivables from statutory bodies to help generate funds.
Board Decisions
Meeting held on August 12, 2026 (3:00 PM to 4:45 PM):
1. Approved Financial Results: Considered and approved un-audited standalone and consolidated financial results for quarter ended June 30, 2026, along with limited review report from statutory auditors M/s Rama K. Gupta & Co.
2. 34th Annual General Meeting: Scheduled for Friday, September 25, 2026, through Video Conferencing/Other Audio-Visual Means.
3. Register Closure: Register of Members and Share Transfer Books will be closed from Friday, September 18, 2026, to Friday, September 25, 2026 (both days inclusive) for AGM purposes.
4. Director Appointments:
- Re-appointment of Ms. Sunita Shah (DIN: 11191427) as Independent Director for second term from August 11, 2027, to August 10, 2032
- Appointment of Mr. Krish Vyas (DIN: 09085874) as Additional Director (Non-Executive) effective August 17, 2026 (subject to shareholder approval)
- Appointment of Mr. Amitabh Saikia (DIN: 02663720) as Additional Director (Independent) for five years effective August 17, 2026 (subject to shareholder approval)
Director Profiles
Ms. Sunita Shah: Double graduate with Bachelor of Law (LLB) from Government Law College, qualified Solicitor from India (Member of the Incorporated Law Society, Mumbai) and UK (Roll of Solicitors - Supreme Court of England & Wales). Experience in SEBI requirements, property transactions, maritime law, and commercial litigation.
Mr. Krish Vyas: Background in physics, mathematics, analytical problem-solving, quantitative modeling, and scientific reasoning. Engineering experience through multidisciplinary design projects including UBC Solar (solar-powered electric vehicles). Experience in real estate development and construction business.
Mr. Amitabh Saikia: Senior management professional with nearly 39 years of service at Assam Industrial Development Corporation Ltd. (AIDC), retiring as Deputy General Manager. Experience in industrial infrastructure development, investment promotion, industrial policy implementation, project management, government liaison, and export promotion.