Summary of Key Information:

Reporting Period: Quarter and Year Ended 31 March 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Audited Financial Results under Regulation 30 & 33 of SEBI (LODR) Regulations 2015

Audit Opinion:

Qualified Opinion

Key Financial Highlights [₹ in lakhs]:

Standalone Results for Year Ended 31 March 2026:

  • Revenue from Operations: ₹1,543.10
  • Other Income: ₹21.55
  • Total Income: ₹1,564.65
  • Total Expenses: ₹18,351.88
  • Loss Before Tax: ₹16,787.23
  • Tax Expense: ₹0.00
  • Net Loss from Continuing Operations: ₹16,787.23
  • Net Loss from Discontinued Operations: ₹2,260.13
  • Net Loss for the Period: ₹19,047.36
  • EPS (Basic) from Continuing Operations: -₹50.66
  • EPS (Basic) from Discontinued Operations: -₹6.82
  • EPS (Basic) Total: -₹57.48
  • Paid-up Equity Share Capital: ₹3,313.47
  • Other Equity: -₹43,271.45
  • Cash and Cash Equivalents: ₹218.97
  • Total Debt (Borrowings): ₹125,585.69 (Non-current ₹46,674.22 + Current ₹78,911.47)

Standalone Results for Quarter Ended 31 March 2026:

  • Revenue from Operations: ₹231.65
  • Other Income: ₹13.86
  • Total Income: ₹245.51
  • Total Expenses: ₹4,667.51
  • Loss Before Tax: ₹4,422.00
  • Net Loss for the Quarter: ₹4,726.37
  • EPS (Basic): -₹14.26

Segment-wise Performance:

The company has only one reportable segment - Textiles. Hence segment reporting is not applicable.

Corporate Actions:

Not Specified

Other Significant Information:

  • Manufacturing facilities remained non-operational for majority of the year with operations limited to job work at one unit.
  • The company suspended pending capital projects due to fund constraints.
  • Current liabilities exceed current assets, indicating working capital erosion.
  • Analytical ratios reflect tight liquidity and poor solvency.
  • The company has not repaid quarterly installments due from September 2023 to March 2026 amounting to ₹30,871.93 lakhs.
  • The company has not paid monthly interest and other charges due from July 2023 to March 2026 amounting to ₹19,342.64 lakhs.

Statement of Assets & Liabilities as at 31 March 2026 [₹ in lakhs]:

  • Total Assets: ₹85,943.07
  • Non-current Assets: ₹84,267.67
  • Property, Plant and Equipment: ₹79,537.54
  • Capital Work in Progress: ₹4,246.00
  • Investments: ₹1.40
  • Other Non-current Assets: ₹482.23
  • Current Assets: ₹1,675.40
  • Inventories: ₹854.96
  • Trade Receivables: ₹55.41
  • Cash and Cash Equivalents: ₹218.97
  • Other Current Assets: ₹546.06
  • Total Equity and Liabilities: ₹85,943.07
  • Equity: -₹39,957.98
  • Equity Share Capital: ₹3,313.47
  • Other Equity: -₹43,271.45
  • Non-current Liabilities: ₹46,703.36
  • Borrowings: ₹46,674.22
  • Lease Liabilities: ₹2.17
  • Provisions: ₹26.92
  • Current Liabilities: ₹79,197.75
  • Borrowings: ₹78,911.47
  • Lease Liabilities: ₹10.54
  • Trade Payables: ₹5,019.67
  • Other Financial Liabilities: ₹22,134.13
  • Other Current Liabilities: ₹231.64
  • Provisions: ₹24.00

Statement of Cash Flow for Year Ended 31 March 2026 [₹ in lakhs]:

  • Net Cash from Operating Activities: ₹7,789.12
  • Net Cash from Investing Activities: -₹26.16
  • Net Cash from Financing Activities: -₹7,800.35
  • Net Increase in Cash and Cash Equivalents: -₹37.39
  • Cash and Cash Equivalents Opening Balance: ₹256.36
  • Cash and Cash Equivalents Closing Balance: ₹218.97