Eurotex Industries and Exports Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 22, 2026. The company reported a net loss of Rs.79.49 lakhs for the financial year, compared to a net loss of Rs.174.23 lakhs in the previous year.

For the quarter ended March 31, 2026, the company recorded a net loss of Rs.92.86 lakhs. Revenue from operations for the quarter stood at Rs.0.56 lakhs, significantly lower than the Rs.50.42 lakhs reported in the corresponding quarter of the previous year. Total income for the quarter was Rs.43.19 lakhs, down from Rs.360.44 lakhs in the same period last year.

Financial Performance

The company's financial statements were prepared on a going concern basis, despite the erosion of net worth and the discontinuation of manufacturing operations at Kolhapur. The management stated that it has settled lender dues and plans to develop available land area in the future. Statutory auditors Lodha & Co. LLP issued an unmodified opinion on the results.

The following table summarizes the key financial figures for the quarter and year ended March 31, 2026:

Segment Reporting

Eurotex Industries operates through two reportable business segments: Textiles (yarn) and Real Estate Development. The Textiles segment reported a revenue of Rs.10.83 lakhs for the year, while the Real Estate Development segment recorded no revenue for the year ended March 31, 2026. The company's total assets stood at Rs.3,106.64 lakhs as of March 31, 2026.

Eurotex Industries & Exports Limited has submitted its regulatory compliance statement to stock exchanges, confirming no material deviations under SEBI regulations for the financial year ended March 31, 2026. The Mumbai-based company filed the mandatory disclosure while also revealing its financial position through a net worth certificate covering the period from 2023 to 2025.

SEBI Regulation 32 Compliance

The company informed both BSE and NSE that Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable as there were no rights issues or preferential issues during the year. Chairman and Managing Director Krishan Kumar Patodia signed the compliance statement dated April 9, 2026, confirming no material deviations for the quarter and year ended March 31, 2026.

Financial Position Analysis

The net worth certificate issued by Shankarlal Jain & Associates LLP reveals a concerning financial trajectory for Eurotex Industries. The company's financial metrics show consistent deterioration over the three-year period:

Net Worth Computation Details

The net worth calculation shows the company's equity share capital of ₹874.02 lacs has remained constant across all three years. However, the negative reserves and surplus have expanded significantly, reaching ₹3820.75 lacs as of March 31, 2025. This represents a substantial increase from ₹2900.79 lacs in March 2023, indicating accumulated losses over the period.

Regulatory Framework

SEBI Regulation 32 requires listed companies to disclose any deviations in the use of funds raised through public issues. Since Eurotex Industries did not undertake any rights issues or preferential issues during the financial year 2025-26, the regulation was deemed non-applicable. The company maintains its listing on both BSE (Stock Code: 521014) and NSE (Stock Code: EUROTEXIND).

Professional Certification

The net worth certificate was prepared by Shankarlal Jain & Associates LLP, Chartered Accountants, based on audited accounts for the relevant financial years. Partner Satish Jain certified the computation on June 6, 2025, confirming the accuracy of the financial data presented. The certificate provides transparency regarding the company's capital structure and financial standing for stakeholders and regulatory compliance purposes.