Board Meeting Details

The Board of Directors meeting was held on October 12, 2026, from 3:00 PM to 4:00 PM at the corporate office: 4th Floor, Woodstock Tower, B-35/958, Adarsh Nagar, Ferozepur Road, Ludhiana, Punjab-141012.

Financial Results Approval

The Board considered and approved the un-audited standalone financial results for the quarter ended September 30, 2026, including:

  • Statement of Un-Audited Standalone Financial Results with Cash Flow and Statement of Assets and Liabilities (Annexure-A)
  • Limited Review Report by M/s. Manjul Mittal & Associates (FRN: 028039N), Chartered Accountants (Annexure-B)

Financial Performance (Amounts in ₹ Lakhs)

Quarter Ended September 30, 2026

  • Total Revenue: ₹5,501
  • Total Expenses: ₹183.91
  • Exceptional Items: ₹(12,800)
  • Profit/(Loss) before tax: ₹(12,800)
  • Tax Expense (Deferred Tax): ₹(11.99)
  • Net Profit/(Loss) for the period: ₹(116.01)
  • Other Comprehensive Income: ₹0.04
  • Total Comprehensive Income: ₹(116.01)
  • Basic EPS: ₹(0.08)
  • Diluted EPS: ₹(0.08)

Comparative Figures (Quarter Ended September 30, 2025)

  • Total Revenue: ₹4,404
  • Profit/(Loss) before tax: ₹(101.35)
  • Net Profit/(Loss) for the period: ₹(96.61)
  • Basic EPS: ₹(0.07)
  • Diluted EPS: ₹(0.07)

Half Year Ended September 30, 2026

  • Total Revenue: ₹11,717
  • Profit/(Loss) before tax: ₹(22,934)
  • Net Profit/(Loss) for the period: ₹(21,261)
  • Basic EPS: ₹(0.17)
  • Diluted EPS: ₹(0.17)

Assets and Liabilities Position (as at September 30, 2026)

Assets (₹ Lakhs)

  • Total Assets: ₹13,692.40
  • Inventories: ₹773.32
  • Trade Receivables: ₹1,902.10
  • Cash and cash equivalents: ₹4.17
  • Other Current Assets: ₹193.33

Equity and Liabilities (₹ Lakhs)

  • Equity Share Capital: ₹1,193.28
  • Other Equity: ₹10,529.74
  • Total Equity: ₹11,723.02
  • Non-current liabilities: ₹107.09
  • Current liabilities: ₹1,862.29

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹7.84
  • Net Cash from Investing Activities: ₹40.34
  • Net Cash from Financing Activities: ₹(56.52)
  • Net Decrease in Cash: ₹(50.63)
  • Opening Cash: ₹(2.45)
  • Closing Cash: ₹4.17

Key Notes to Financial Results

1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI Circular CIR/CFD/FAC/62/2016 dated July 5, 2016.

2. Company is primarily in manufacturing and sale of textile products (Yarns and Fabrics) with no segment reporting required as it has only one business segment per Ind AS 108.

3. Final order of Merger & Amalgamation of Rudra Ecovation Ltd with Shiva Texfabs Ltd. pronounced by Hon'ble NCLT, Chandigarh on September 16, 2026.

4. Figures for quarters ended September 30, 2026 and 2025 are balancing figures between quarters ended June 2025 and June 2025.

5. Company had issued 12,00,000 4% Non-Cumulative Redeemable Preference Shares of ₹100 each on August 31, 2009. Out of these, 780,000 shares were due for redemption on August 31, 2026.

6. Pursuant to special resolution passed at EGM of preference shareholders held on August 24, 2026, and in accordance with Sections 48 and 55 of Companies Act 2013, the redemption period has been extended from August 31, 2026 to August 31, 2027.

7. No changes in dividend rate or other terms except revised redemption schedule. These preference shares are shown under other financial liabilities under current liabilities as they are due for redemption within one year.

Auditor's Emphasis of Matter

1. Final order of Merger & Amalgamation with Shiva Texfabs Limited pronounced by NCLT Chandigarh on September 16, 2026.

2. Extension of redemption period for 780,000 preference shares from August 2026 to August 2027 with no change in dividend rate or other terms except redemption schedule.