Flexituff Ventures International Limited submitted newspaper publications for its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The advertisement submission is scheduled for June 01, 2026, under Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This follows the Board of Directors' approval of the results on May 30, 2026.

The company reported a widened net loss of ₹13,487.87 lakhs for FY26, compared to a profit of ₹23,564.66 lakhs in the previous year. Revenue from operations declined sharply to ₹1,680.06 lakhs from ₹28,857.17 lakhs in FY25. The financial performance was impacted by operational disruptions and a management deadlock, which have cast significant doubt on the company's ability to continue as a going concern.

Financial Performance

Auditor's Adverse Opinion

Mahesh C. Solanki & Co., Chartered Accountants, issued an adverse opinion, citing a net loss of ₹13,487.87 lakhs and current liabilities exceeding current assets by ₹32,233.86 lakhs. The auditors stated that the use of the going concern basis of accounting is inappropriate due to the absence of necessary audit evidence. A management deadlock prevented critical audit procedures, including independent balance confirmations and inventory verification.

Operational and Regulatory Challenges

The company faced operational disruptions at its Kashipur plant due to raw material shortages and a labour strike from unpaid wages. Lending banks have issued notices under the SARFAESI Act for outstanding dues of ₹25,971.26 lakhs. Additionally, the company failed to conduct an internal audit during the financial year, violating Section 138 of the Companies Act, 2013, and has not accrued statutory liabilities for employee benefits.

Sunil Ramsinghani has resigned as Non-Executive Independent Director of flexituff ventures effective June 1, 2026, due to personal reasons. Consequently, he has ceased to be the Chairman of the Board, Audit Committee, and a member of the Nomination and Remuneration Committee & Stakeholders’ Relationship Committee. The company confirmed that there are no other material reasons for the resignation beyond those stated in his resignation letter.

The resignation was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure included the confirmation from Mr. Ramsinghani that his decision was driven solely by personal reasons and that he holds no directorships in other listed entities.

The following table details the changes in the directorship and committee positions:

Rahul Chouhan, Whole Time Director of Flexituff Ventures International Limited, signed the regulatory filing submitted on June 1, 2026. The company has uploaded the intimation and the resignation letter on its website.