Financial Results Approval

The Board approved and took on record:

  • The Un-audited Standalone Financial Results for the quarter ended 30th June, 2026
  • The Un-audited Consolidated Financial Results for the quarter ended 30th June, 2026

Both were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Internal Auditor Appointment

The Board appointed M/s. Umesh Khese & Co., Chartered Accountants, Ahmedabad (Firm Registration Code: 145216W, Membership Number: 043132) as the Internal Auditor for the financial year 2026-27. The appointment was made on 6th August, 2026 to comply with the Companies Act, 2013 and SEBI Listing Regulations requirements.

Standalone Financial Results (Quarter Ended 30th June, 2026)

Financial Performance:

  • Revenue from Operations: ₹2.32 lakhs
  • Other Income: ₹142.22 lakhs
  • Total Revenue: ₹144.54 lakhs
  • Total Expenses: ₹591.07 lakhs
  • Loss before tax: ₹(428.54) lakhs
  • Total Tax Expenses: ₹3.54 lakhs
  • Loss for the period: ₹(432.08) lakhs
  • Total comprehensive income: ₹(432.08) lakhs

Capital Structure:

  • Paid-up equity share capital: ₹1,275.00 lakhs
  • Face value of equity share: ₹10.00
  • Earnings Per Share (Basic & Diluted): ₹(3.39)

Consolidated Financial Results (Quarter Ended 30th June, 2026)

Financial Performance:

  • Revenue from Operations: ₹159.82 lakhs
  • Other Income: ₹2.71 lakhs
  • Total Revenue: ₹162.53 lakhs
  • Total Expenses: ₹591.07 lakhs
  • Loss before tax: ₹(428.54) lakhs
  • Total Tax Expenses: ₹3.54 lakhs
  • Loss for the period from continuing operations: ₹(432.08) lakhs
  • Share of loss of associates: ₹(18.07) lakhs
  • Total loss for the period: ₹(450.15) lakhs
  • Total comprehensive income: ₹(450.15) lakhs
  • Net loss attributable to owners: ₹(450.15) lakhs

Capital Structure:

  • Paid-up equity share capital: ₹1,275.00 lakhs
  • Face value of equity share: ₹10.00
  • Earnings Per Share (Basic & Diluted): ₹(3.53)

Associate Company:

The consolidated results include Stitched Textiles Limited as an associate company, which reported total revenues of ₹3,00,362.66 and total net loss of ₹36,28,004.05 for the quarter ended 30th June, 2026.

Funds Utilization Statement

  • The company raised ₹4,684.50 lakhs through Rights Issue on 25th January, 2024
  • No deviation or variation in utilization of funds during quarter ended 30th June, 2026
  • Funds utilization details:
  • Acquisition of Equity Shares in Stitched Textiles Limited: ₹1,984.50 lakhs utilized (original allocation ₹2,534.50 lakhs)
  • Incremental Working Capital: ₹0.00 utilized (original allocation ₹1,350.00 lakhs)
  • General Corporate Purpose: ₹270.00 lakhs utilized (original allocation ₹800.00 lakhs)
  • Total funds utilized: ₹2,254.50 lakhs
  • The partial utilization is due to partly paid-up shares not being converted into fully paid-up shares