High Street Filatex Limited reported a narrowed standalone net loss of ₹14.81 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a loss of ₹18.44 lakh in the previous quarter. The company’s standalone net sales stood at ₹156.09 lakh, a significant decline from ₹290.25 lakh recorded in the quarter ended March 31, 2026.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 12, 2026. The results were reviewed by the statutory auditor, N. D. Kapur & Co., which issued an unmodified review report confirming that the statements comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for the quarter was ₹156.13 lakh, driven primarily by operations, with other income contributing a negligible ₹0.04 lakh. Total expenses decreased to ₹171.18 lakh from ₹309.10 lakh in the prior quarter, reflecting lower operational activity aligned with reduced sales.

Key expense components included purchases of stock-in-trade at ₹152.54 lakh and employee benefits expense at ₹5.95 lakh. Legal and professional fees rose to ₹4.97 lakh from ₹3.84 lakh in the prior quarter. Finance costs were minimal at ₹0.28 lakh.

What the Numbers Show

The divergence between the decline in revenue and the reduction in expenses indicates a scaling down of operational intensity. While net sales dropped by approximately 46% quarter-on-quarter, total expenses fell by roughly 45%, suggesting that cost structures are adjusting proportionally to the lower revenue base. However, the company continues to operate at a loss, with the pre-tax deficit narrowing slightly by ₹3.62 lakh compared to the previous quarter.

For the full year ended March 31, 2026, High Street Filatex reported a net loss of ₹61.64 lakh on revenues of ₹302.11 lakh. The paid-up equity share capital remains unchanged at ₹234.34 lakh. No dividend was declared for the quarter.

Tusaldah Limited reported a net loss of Rs 61.78 lakh for the financial year ended March 31, 2026, widening from a net loss of Rs 10.39 lakh in the previous year. Revenue from operations for the year stood at Rs 302.11 lakh, a decline from Rs 416.79 lakh in FY25. The board approved the standalone audited financial results at a meeting held on May 28, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net loss of Rs 18.29 lakh. Total income for the quarter was Rs 290.44 lakh, while total expenses amounted to Rs 309.10 lakh. The basic and diluted earnings per share (EPS) for the quarter stood at (0.78). M/s. N. D Kapur & Co., statutory auditors, issued an unmodified opinion on the financial results.

Board Decisions

The board approved the appointment of M/s. G M C S & Co as the internal auditor for the financial year 2026-27, based on the recommendation of the Audit Committee. The appointment is effective from May 28, 2026. The meeting commenced at 4:15 P.M. and concluded at 5:55 P.M.

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at Rs 220.83 lakh, down from Rs 326.12 lakh in the previous year. Cash and cash equivalents decreased to Rs 74.96 lakh from Rs 298.87 lakh. Total equity and liabilities also reduced to Rs 220.83 lakh from Rs 326.12 lakh, driven by the redemption of preference shares amounting to Rs 136.00 lakh during the year.