Nivaka Fashions Limited reported a net loss of ₹520.89 lakh for the financial year ended March 31, 2026, widening from a loss of ₹50.37 lakh in the previous year. The company's total income for the year declined to ₹18.32 lakh from ₹183.85 lakh in FY25, primarily due to a sharp drop in revenue from operations to ₹1.65 lakh. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹361.14 lakh, with total income standing at ₹3.94 lakh. Total expenses for the quarter surged to ₹364.35 lakh, driven by a significant increase in changes in inventories to ₹151.60 lakh and other expenses to ₹171.23 lakh. The statutory auditors carried out a limited review of the results, and their report is unqualified.

The board appointed H R Bohra and Co as the internal auditor for the financial year 2026-27. The firm has extensive experience in internal audit and internal financial controls reviews and holds a valid Peer Review certificate. The appointment is effective for the upcoming fiscal year.

The auditor's report included an emphasis of matter regarding an order received under section 73(9) of the CGST Act. The order alleges a mismatch of Input Tax Credit (ITC) claimed and ineligible ITC from a supplier with cancelled registration, aggregating ₹422.73 lakh including tax, interest, and penalty for the period July 1, 2017, to March 31, 2019. Management is confident of a favorable outcome, and no adjustments have been made to the financial results.

The meeting commenced at 4:36 pm and concluded at 4:52 pm on May 30, 2026. The intimation regarding the outcome was submitted to BSE Limited and Metropolitan Stock Exchange of India Limited.

Nivaka Fashions Limited has fulfilled its regulatory obligations by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both BSE Limited and Metropolitan Stock Exchange of India Limited on April 13, 2026.

Regulatory Compliance Filing

The certificate submission addresses the company's compliance with dematerialization procedures as mandated by securities regulations. Managing Director Mr. Bhavin Jain signed the filing on behalf of the Board of Directors, ensuring proper authorization of the regulatory submission.

Stock Exchange Notifications

The company submitted the certificate to multiple stock exchanges where its shares are listed. BSE Limited received the filing for scrip code 542206, while Metropolitan Stock Exchange of India Limited was notified for symbol NIVAKA.

RTA Confirmation Process

Bigshare Services Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, provided the necessary confirmation certificate dated April 08, 2025. The RTA confirmed that all securities received from depository participants for dematerialization up to March 31, 2026, were properly processed and confirmed to the depositories.

Dematerialization Procedures

The RTA confirmed adherence to prescribed procedures for handling physical share certificates. All security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant. The names of the depositories were substituted in the register of members as registered owners within the mandated 15-day period from receipt of the certificates.

This regulatory filing demonstrates Nivaka Fashions Limited's commitment to maintaining compliance with SEBI regulations governing depositories and participants, ensuring proper handling of shareholder securities and maintaining transparency in dematerialization processes.