Nivaka Fashions Q1 Results: Nil revenue, net loss of ₹13.74 lakh reported

1 min read     Updated on 16 Aug 2026, 10:02 AM
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Reviewed by
Ashish TScanX News Team
AI Summary

Nivaka Fashions Limited reported nil revenue from operations and a net loss of ₹13.74 lakh for Q1 FY26 (quarter ended June 30, 2026), compared to a net profit of ₹4.39 lakh in Q1 FY25. Equity share capital stood at ₹303.50 lakh. The unaudited standalone results were approved by the Board on August 14, 2026, and published in Financial Express and Pratakal on August 15, 2026, in compliance with SEBI (LODR) Regulations, 2015.

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Nivaka Fashions Limited reported nil revenue from operations and a net loss of ₹13.74 lakh for the quarter ended June 30, 2026, as per unaudited standalone financial results approved by its Board of Directors at a meeting held on August 14, 2026. This compares to a net profit of ₹2.80 lakh in the quarter ended June 30, 2025, marking a sharp reversal in profitability on a year-on-year basis.

Key Financial Highlights

The following table summarises the key financial metrics across periods, with figures in ₹ lakh:

Metric: Q1 FY26 (30/06/2026) Unaudited Q1 FY25 (30/06/2025) Unaudited FY26 (31/03/2026) Audited
Revenue from Operations: 0.00 7.61 279.26
Net Profit / (Loss) before tax and exceptional items: (13.74) 2.80 (28.85)
Net Profit / (Loss) after tax: (13.74) 4.39 (28.85)
Net Profit / (Loss) including OCI: (13.74) 4.39 (44.99)
Equity Share Capital: 303.50 303.50 303.50
EPS — Basic (₹): (0.46) 0.14 (1.48)
EPS — Diluted (₹): (0.46) 0.14 (1.48)

Regulatory and Publication Details

The results were approved in compliance with Regulation 33 read with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited financial results, along with the Limited Review Report, have been hosted on the company's website at https://www.ninecolours.com/ and on the websites of BSE Limited and Metropolitan Stock Exchange.

The results were published on August 15, 2026, in Financial Express (English newspaper) and Pratakal (Marathi newspaper), as required under Regulation 47 of the SEBI (LODR) Regulations, 2015.

Company Details

Nivaka Fashions Limited is registered with CIN L52100WB1983PLC035857. Its registered office is at Harihar Corporation, A-12, Gala No. 9/10, Shastrinagar (Thane), Mankoli Road, Dapola, Bhiwandi, Thane – 421302. The results were signed by Bhavin Jain, Chairman cum Managing Director (DIN: 00741604), from Kolkata on August 15, 2026.

Historical Stock Returns for Nivaka Fashions

1 Day5 Days1 Month6 Months1 Year5 Years
+3.85%+28.57%-21.74%-70.97%-84.62%-92.59%

What specific operational or market factors led to Nivaka Fashions reporting nil revenue in Q1 FY26 despite generating ₹7.61 lakh in the same quarter last year?

How does the company plan to address the widening net loss trajectory, which escalated from ₹2.80 lakh profit in Q1 FY25 to a ₹13.74 lakh loss in Q1 FY26?

Given the full-year FY26 net loss of ₹44.99 lakh, what strategic restructuring or cost-cutting measures is management implementing to restore profitability?

Nivaka Fashions appoints H R Bohra & Co as Internal Auditor

1 min read     Updated on 13 Jun 2026, 10:06 PM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Nivaka Fashions Ltd appointed M/s. H R Bohra & Co as its internal auditor for FY 2026-27 to ensure continuity of the internal audit function. The Board of Directors approved the appointment on June 13, 2026, following the cessation of the previous internal auditor. The firm brings extensive experience in internal audit and Internal Financial Controls reviews and holds a valid Peer Review certificate.

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Nivaka Fashions Ltd has appointed M/s. H R Bohra & Co as its internal auditor for FY 2026-27 to ensure continuity of the internal audit function. The Board of Directors approved the appointment on June 13, 2026, following the cessation of the previous internal auditor. The firm brings extensive experience in internal audit and Internal Financial Controls reviews and holds a valid Peer Review certificate.

The Board meeting commenced at 4:26 P.M. and concluded at 4:31 P.M. on June 13, 2026. The appointment was made to comply with the provisions of the Companies Act, 2013, and the requirements under SEBI (LODR) Amendment Regulations, 2015.

Disclosures under Regulation 30

The company provided detailed disclosures regarding the appointment and cessation of internal auditors as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Particulars Appointment of Internal Auditors
Reason for change Appointment to comply with Companies Act, 2013 and SEBI (LODR) Amendment Regulations, 2015
Date of appointment June 13, 2026
Term of Appointment FY 2026-2027
Brief profile M/s. H R Bohra, a firm with extensive experience in internal audit and Internal Financial Controls reviews, holding a valid Peer Review certificate
Disclosure of relationships Not applicable
Particulars Cessation of Internal Auditors
Reason for change Cessation
Date of Cessation June 13, 2026
Term of Appointment -
Brief profile -
Disclosure of relationships Not applicable

Historical Stock Returns for Nivaka Fashions

1 Day5 Days1 Month6 Months1 Year5 Years
+3.85%+28.57%-21.74%-70.97%-84.62%-92.59%

What prompted the sudden cessation of the previous internal auditor?

How will the appointment of M/s. H R Bohra & Co impact Nivaka Fashions' internal financial controls?

Will the new auditor identify any operational inefficiencies or compliance gaps?

More News on Nivaka Fashions

1 Year Returns:-84.62%