Akshar Spintex Limited revised its financial results for the quarter ended March 31, 2026, to rectify inadvertent clerical errors in related party disclosures and an incorrect Director Identification Number (DIN). The company reported a net loss of ₹38.97 lakh for the quarter, while revenue from operations increased to ₹3,440.02 lakh from ₹3,058.35 lakh in the same period last year. The revisions do not impact the financial statements or other material disclosures.

The company identified that the actual amount of loan and financial assistance received from directors was ₹70.00 lakh and ₹50.00 lakh, respectively. However, the initial filing submitted on May 21, 2026, erroneously reported the first loan amount as ₹700.00 lakh. Additionally, the correct DIN of Mr. Harikrishna Chauhan was confirmed as 07710106, correcting a typographical error in the Certificate of Correctness of Financial Result.

For the financial year ended March 31, 2026, Akshar Spintex reported a total income of ₹12,109.49 lakh, up from ₹11,904.70 lakh in the previous year. The company posted a net loss of ₹738.94 lakh for the year, widening from the loss of ₹444.81 lakh in FY25. Total expenses for the year stood at ₹12,919.51 lakh compared to ₹12,492.46 lakh in the prior year.

The Board of Directors approved the revised results at its meeting held on May 21, 2026. The statutory auditors, H. B. Kalaria & Associates, issued an unmodified audit opinion on the financial results. The auditors noted that they did not independently verify inventories or balance confirmations with debtors and creditors, relying on management representations.

Financial Performance Summary

Related Party Transactions

The revised filing clarified the details of loans received from directors during the period. The correct figures for the loans from Harikrishna S. Chauhan and Ilaben Paghdar were ₹70.00 lakh and ₹50.00 lakh, respectively. Both loans are unsecured, interest-free, and repayable on demand, utilized for day-to-day expenses and working capital.

Akshar Spintex Limited has announced its audited standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the financial statements during its meeting held on May 21, 2026. The statutory auditors have issued an audit report with an unmodified opinion on the financial results.

Financial Performance for FY26

For the full fiscal year 2025-26, the company reported a net loss of ₹738.94 lakh, widening from the net loss of ₹444.81 lakh recorded in the previous year. Total income for the year rose to ₹12,109.49 lakh, up from ₹11,904.70 lakh in the corresponding period last year. Revenue from operations improved marginally to ₹11,728.12 lakh compared to ₹11,676.91 lakh in FY25.

The company's total expenses for the year increased to ₹12,919.51 lakh from ₹12,492.46 lakh in the prior year. Basic earnings per share (EPS) for the year stood at (0.09), compared to (0.08) in the previous year.

Quarterly Results

For the quarter ended March 31, 2026, Akshar Spintex reported a net loss of ₹38.97 lakh. In the same quarter of the previous year, the company had recorded a net loss of ₹114.26 lakh. Revenue from operations for the quarter stood at ₹3,440.02 lakh, an increase from ₹3,058.35 lakh in the corresponding quarter of the previous year.

Total income for the quarter was ₹3,562.33 lakh, while total expenses amounted to ₹3,502.46 lakh. The company reported a profit before exceptional items and tax of ₹59.87 lakh for the quarter.

Financial Position and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹9,576.22 lakh, a decrease from ₹9,811.31 lakh in the previous year. Equity share capital remained constant at ₹7,874.68 lakh. The net cash flow from operating activities for the year was ₹767.51 lakh, compared to a negative cash flow of ₹2,957.16 lakh in the previous year.

Key Financial Metrics