Arur Footwear Limited (formerly S R Industries Limited) reported a standalone net loss of ₹14.64 lakh for the quarter ended June 30, 2026 (Q1FY26). This marks a reversal from the ₹38.19 lakh profit recorded in the preceding quarter (Q4FY26) and widens the loss compared to the ₹18.85 lakh deficit posted in Q1FY25.

The company’s operational revenue declined sharply to ₹0.18 lakh in Q1FY26, down from ₹1.50 lakh in Q4FY26 and ₹2.11 lakh in the same quarter last year. Total revenue, which includes other income, stood at ₹2.29 lakh, compared to ₹2.70 lakh in the previous quarter and ₹2.11 lakh year-on-year.

Financial Performance Overview

The company incurred total expenses of ₹16.93 lakh during the quarter. Key expense components included employee benefit expenses of ₹7.72 lakh, finance costs of ₹3.08 lakh, and other expenses of ₹6.08 lakh. Notably, the cost of material consumed was nil, while changes in stock levels contributed ₹0.05 lakh to expenses.

Note: Negative expenses in Q4FY26 reflect accounting adjustments or reversals as per the filed statement.

What the Numbers Show

Other income constituted the majority of the company’s total revenue in Q1FY26. With other income at ₹2.11 lakh against operational revenue of just ₹0.18 lakh, non-operating sources accounted for approximately 92% of total revenue. This divergence highlights a significant reliance on non-core income streams during a period of minimal operational activity.

Corporate Actions and Audit

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 14, 2026. The statutory auditors, M/s. Krishan Rakesh & Co., issued a limited review report on the quarterly results. The company noted that Ind AS 116 (Leases) was applied with no accounting adjustments or impact on the standalone financial statements.

Arur Footwear Limited operates in the manufacturing and trading of footwear segment. The paid-up equity share capital remained unchanged at ₹1,967.35 lakh. The basic earnings per share for the quarter were negative ₹0.07, compared to positive ₹0.19 in Q4FY26 and negative ₹0.10 in Q1FY25.

Arur Footwear Limited has approved the continuation of Mr. Mayank Ahuja as an Additional Director (Executive, Non-Independent Director) of the company. The appointment is subject to the approval of shareholders at the ensuing General Meeting or within a period of three months from the date of Board approval, i.e. July 17, 2026, whichever is earlier. This decision was taken by the Board of Directors at its meeting held on July 17, 2026.

The continuation of Mr. Mayank Ahuja's appointment is in accordance with Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the approval is necessary to comply with regulatory requirements regarding the tenure of Additional Directors.

The Board meeting commenced at 04:15 P.M. and concluded at 04:25 P.M. on July 17, 2026. The disclosure was made to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Arur Footwear Limited, formerly known as S R Industries Limited, is headquartered in New Delhi with its registered office in Mohali, Punjab. The company has been rehabilitated from the Corporate Insolvency Resolution Process.

The following table summarizes the key details of the appointment:

The filing was signed by Nidhi Pathak, Company Secretary & Compliance Officer of Arur Footwear Limited.