Eurotex Industries and Exports Limited has narrowed its net loss to ₹79.49 lakhs for the financial year ended March 31, 2026, compared to a net loss of ₹174.23 lakhs in the previous year. The company reported a net loss of ₹92.86 lakhs for the quarter ended March 31, 2026. Revenue from operations for the quarter stood at ₹0.56 lakhs, significantly lower than the ₹50.42 lakhs reported in the corresponding quarter of the previous year. Total income for the quarter was ₹43.19 lakhs, down from ₹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 ₹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 ₹3,106.64 lakhs as of March 31, 2026.

Eurotex Industries and Exports Limited has appointed M/s Ansari & Co, Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on May 22, 2026, following the recommendations of the company's Audit Committee.

The firm, identified by FRN 133874W and Membership number 128285, has been re-appointed to conduct the internal audit for the specified period. The Board meeting commenced at 3:00 PM and concluded at 3:40 PM on the same day.

Details of the Appointment

The appointment falls under the regulatory framework of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The brief profile of M/s Ansari & Co indicates that the firm is based in Bhiwandi and offers a range of professional services, including internal audits, stock audits, statutory audits, and tax audits.

Key Information

The firm was founded by CA Muzzarif Salam Ansari and focuses on delivering accounting and financial solutions across diverse industries. The disclosure regarding the relationship between directors was noted as not applicable in this context.