Summary of Key Information:

Reporting Period: Quarter ended 30th June, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Submission of Unaudited Financial Results

Audit Opinion:

Limited Review Report - No modified opinion, but with Emphasis of Matter paragraphs

Key Financial Highlights [Rs in Lakhs]:

Standalone Results:

Revenue from Operations: ₹0 (No YoY/QoQ comparison disclosed)

Total Income: ₹0

Net Profit: Loss of ₹219.64 lakhs (compared to loss of ₹202.04 lakhs in Q1 FY26 and loss of ₹101.85 lakhs in Q4 FY26)

EPS: (₹0.17) per share

Other Equity: Not specified

Cash and Cash Eququivalents: Not specified

Debt: Not specified, but note indicates borrowings recalled by lenders with debt covenant non-compliance

Consolidated Results:

Revenue from Operations: ₹0 (No YoY/QoQ comparison disclosed)

Total Income: ₹0

Net Profit: Loss of ₹511.59 crore (₹5,115.92 lakhs) attributable to owners of the company

EPS: (₹4.04) per share

Other Equity: Not specified

Cash and Cash Equivalents: Not specified

Debt: Not specified, but note indicates borrowings recalled by lenders with debt covenant non-compliance

Segment-wise Performance:

The company has only one business segment i.e. Textiles Business. No segment revenue or profit breakdown provided.

Corporate Actions:

Not Specified

Other Significant Information:

  • The National Company Law Tribunal (NCLT) has initiated Corporate Insolvency Resolution Process (CIRP) against two key step subsidiaries:
  • ShriVallabh Pittie South West Industries Limited (order dated 10.10.2023)
  • ShriVallabh Pittie Industries Limited (order dated 07.03.2024)
  • Financial information for consolidation was requested from respective IRPs but not received as of the result date
  • Indian Bank has filed a petition with NCLT under Section 7 of IBC, 2016 alleging default in repayment of dues amounting to ₹35.63 crores. The matter is pending admission before NCLT
  • The company has borrowings to be repaid to lenders with instances of non-compliance with certain debt covenants, and monies have been recalled by lenders
  • Finance cost has not been provided since there has been no charge or levy of finance cost/interest received from lenders