NB Footwear Limited reported a net loss of ₹16.87 lakh for the financial year ended March 31, 2026, as the company continued to record zero revenue from operations. The footwear manufacturer's total expenses for the year reduced to ₹16.87 lakh from ₹22.87 lakh in the previous fiscal year, primarily driven by lower employee benefit costs and other expenses. The company’s paid-up equity share capital remained unchanged at ₹1350 lakh during the period under review.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 27, 2026. The Audit Committee had previously reviewed these results. K. Gopal Rao & Co., Chartered Accountants, audited the financial results and issued an unqualified opinion. The statutory auditors confirmed that the results were prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Indian Accounting Standards.

For the quarter ended March 31, 2026, the company reported a net loss of ₹2.28 lakh, a reduction from the net loss of ₹7.38 lakh recorded in the corresponding quarter of the previous year. Total expenses for the quarter stood at ₹2.28 lakh, down from ₹7.38 lakh in Q4FY25. The company stated that it does not have any reportable business segments as it did not generate revenue from operations during the year ended March 31, 2026, or the prior year.

The earnings per share (EPS) for FY26 was reported at a loss of ₹0.12, compared to a loss of ₹0.17 in FY25. For the quarter ended March 31, 2026, the EPS stood at a loss of ₹0.02. The statement of assets and liabilities as of March 31, 2026, showed total assets of ₹0.56 lakh, comprising entirely of current assets. Total equity and liabilities amounted to ₹0.56 lakh, with equity share capital at ₹1450 lakh and reserves reflecting a negative balance of ₹1625.95 lakh.

The cash flow statement for FY26 indicated a net increase in cash and cash equivalents of ₹0.05 lakh, bringing the closing balance to ₹0.06 lakh. Cash generated from operations was ₹16.92 lakh, while net cash from operating activities after adjustments was ₹0.05 lakh. There were no cash flows from investing or financing activities during the year. The company operates exclusively in India.

NB Footwear Limited convened a meeting of its Board of Directors on 4 May 2026 at its registered office in Chennai, commencing at 6:00 p.m. and concluding at 7:10 p.m. The meeting resulted in a significant reshaping of the company's board, with one new appointment and two departures approved on the same day.

Board Appointment

The board approved the appointment of Mr. Haripada Naskar (DIN 11658760) as an Additional Director of the company, effective 4 May 2026. The development marks a fresh addition to the company's board leadership.

Director Resignations

In the same meeting, the board accepted the resignations of two Directors, both citing personal reasons. The following table summarises the board changes:

Mr. Ankit Kumar (DIN 07725216) resigned from the office of Director effective 4 May 2026, citing personal reasons. Mr. Manoranjan Kumar (DIN 10438687) also resigned from the office of Director effective 4 May 2026, similarly attributing his departure to personal reasons.

Regulatory Disclosure

The disclosures were made in compliance with Regulation 30 of the applicable regulatory framework, and the company has requested BSE Limited to take the board changes on record. The communication was signed by S. Krishnan, Company Secretary (ACS: 6778), on behalf of NB Footwear Limited.