Samtex Fashions has closed its trading window for all designated persons and their immediate relatives effective July 1, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is implemented to prevent insider trading ahead of the declaration of the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The trading window will remain shut until 48 hours after the company announces its Q1FY27 results to the stock exchange.

The company stated that the decision follows its Code of Conduct to Regulate, Monitor and Report Trading by Insiders. This code is framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, read with the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The designated persons are prohibited from trading in the company's shares during this period to ensure fair market practices.

The specific date for the Board meeting to approve the unaudited standalone and consolidated financial results for Q1FY27 has not yet been announced. The company confirmed that this information will be communicated in due course. Once the results are approved and disclosed to the stock exchanges, the trading window will reopen after the mandatory 48-hour cooling-off period.

Key Dates and Details

The information regarding the closure of the trading window is also available on the company's official website. Rinki Rani, Company Secretary of Santex Fashions Limited, signed the communication addressed to The Bombay Stock Exchange Limited on June 23, 2026.

Samtex Fashions Limited reported a net loss of ₹31.82 lakh for the financial year ended March 31, 2026. The company recorded a total income of ₹0.14 lakh for the year, while total expenditure stood at ₹31.96 lakh. The Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and fiscal year ended March 31, 2026, in a meeting held on May 28, 2026. The results were published in the Financial Express and Haribhoomi on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor's Observations

Kapil Kumar and Co., Chartered Accountants, issued a qualified opinion on the standalone financial results. The auditors highlighted that the company has not charged depreciation on property, plant, and equipment, nor has it conducted impairment testing for fixed assets as required by Ind AS 36. Additionally, trade receivables amounting to ₹587.34 lakh were classified as non-current assets without provisions for expected credit losses, as confirmations were not available.

Going Concern Uncertainty

The auditors emphasized a material uncertainty related to the company's ability to continue as a going concern. The net worth has eroded to ₹29.95 lakh, and current liabilities exceed current assets. No manufacturing activity has been carried out since the plant was shifted outside NSEZ in FY 2017-18. The financial statements have been prepared on a going concern basis despite these conditions.

Consolidated Performance

For the consolidated financial results, the group reported a net loss of ₹37.08 lakh for FY26. Total assets were recorded at ₹35,898.50 lakh, with total liabilities matching at ₹35,898.50 lakh. The auditors noted that the wholly owned subsidiary, M/s SSA International Ltd, has defaulted on repayment obligations, and interest expenses have not been recognized due to the non-availability of account statements from banks.