Patspin India Limited reported a widened net loss of Rs 1140 lakh for the financial year ended March 31, 2026, compared to a net loss of Rs 979 lakh in the previous year. Revenue from operations declined to Rs 4652 lakh from Rs 4733 lakh in FY25, while total income stood at Rs 4866 lakh. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company recorded a net loss of Rs 280 lakh on revenue from operations of Rs 1058 lakh. Total expenses for the year increased to Rs 5902 lakh from Rs 5862 lakh in the prior year. The company reported a basic earnings per share (EPS) of (Rs 3.69) for FY26, compared to (Rs 3.17) in FY25.

M/s. L.U. Krishnan & Co, Chartered Accountants, the Statutory Auditor, issued an audit report with an unmodified opinion on the standalone financial results. However, the auditor highlighted a material uncertainty related to the company's ability to continue as a going concern due to a total comprehensive loss of Rs 1114 lakh, cash loss of Rs 822 lakh, eroded net worth, and irregularity in debt servicing. The auditor noted that management has submitted a resolution plan to lenders to restructure outstanding debts, and a Techno Economic Viability study confirmed the proposal's viability.

The financial results include an exceptional item of Rs 1.01 crore recognized towards incremental liability following the notification of four Labour Codes on November 21, 2025. Additionally, the company recognized Rs 3 lakh as a VRS paid to workmen under exceptional items. Other income included Rs 149 lakhs of export benefits from prior periods received during the third quarter of FY26.

The Board appointed M/s Varma & Varma, Chartered Accountants, Kochi, as internal auditors for the financial year 2026-27, effective from April 1, 2026. The company confirmed that there were no outstanding qualified borrowings or incremental qualified borrowings at the start or end of the financial year.

Financial Performance Summary

Patspin India has announced a meeting of its Board of Directors scheduled for Tuesday, May 26, 2026. The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to consider and approve the Statement of Audited Financial Results for the quarter and year ended March 31, 2026.

Board Meeting Details

The company formally notified BSE Limited of the upcoming board meeting through a regulatory filing dated May 5, 2026. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In compliance with the company's Code of Conduct for Prevention of Insider Trading under the SEBI (Prohibition of Insider Trading) Regulations, 2015, Patspin India has enforced a trading window closure for all designated persons and their immediate relatives. The trading window was closed effective April 1, 2026, and will remain shut until 48 hours after the declaration of the audited financial results for the quarter and financial year ended March 31, 2026. This closure was originally communicated to stakeholders vide the company's letter reference PILC/2025-26 dated March 26, 2026.

Company Information

The regulatory intimation was signed by Veena Vishwanath Bhandary, Company Secretary of Patspin India Limited. The company is headquartered at the 3rd Floor, Palal Towers, MG Road, Ravipuram, Kochi 682016, India, and holds CIN: L18101KL1991PLC006194.