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

Akshar Spintex Limited has voluntarily paid a penalty of ₹4,71,960 to the Bombay Stock Exchange (BSE) for non-compliance with SEBI regulations. The company disclosed that while it received no formal payment instruction from the exchange, the management decided to make the payment to ensure transparent and good governance practices. The payment was made on May 13, 2026.

Non-Compliance Details

The penalties relate to violations of Regulation 6 and Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company failed to appoint a qualified Company Secretary as a compliance officer for a period of 17 days between September 30, 2025, and October 18, 2025. Additionally, the board composition fell below the requirement of six directors for 84 days from November 25, 2025, to February 18, 2026.

Penalty Breakdown

The total penalty amount, including GST, was calculated at ₹5,15,660. However, the final payment of ₹4,71,960 was made after a Tax Deducted at Source (TDS) deduction of ₹43,700. The fines were levied based on the duration of the delays.

Payment Status

The company discharged the obligation on May 13, 2026. The disclosure, signed by Harikrushna S. Chauhan, Chairman cum Whole Time Director, confirmed that the payment was made via NEFT transaction reference SIBLE00066131478. The company noted that it has not received any formal correspondence from BSE regarding these penalties prior to this voluntary payment.