United Textiles Limited reported a net loss of ₹234.30 crore for the financial year ended March 31, 2026, reversing the net profit of ₹2.01 crore achieved in the previous year. The company's revenue from operations fell sharply to ₹418.89 crore in FY26 from ₹1,030.10 crore in FY25, reflecting significant operational challenges during the period. The total comprehensive income for the year stood at a loss of ₹229.99 crore, compared to a total comprehensive income of ₹2.69 crore in the prior year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s N.C. Aggarwal & Co, Chartered Accountants, the Statutory Auditors of the company, issued an audit report with an unmodified opinion on the financial statements. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013. Additionally, the Board approved the appointment of M/s Anil Yash & Associates as the Internal Auditors of the company for FY 2026-27.

Financial Performance

The company's expenses for the year totaled ₹739.88 crore, a decrease from ₹1,028.62 crore in FY25. Finance costs increased to ₹69.68 crore from ₹62.50 crore in the previous year, while depreciation and amortization expenses decreased to ₹100.40 crore from ₹118.86 crore. The loss before tax for FY26 was ₹315.85 crore, compared to a profit before tax of ₹2.19 crore in FY25.

Quarterly Results

For the quarter ended March 31, 2026, the company reported a net loss of ₹175.92 crore on a total revenue of ₹2.98 crore. In the corresponding quarter of the previous year, the company had reported a net loss of ₹1.16 crore on a total revenue of ₹170.60 crore. The steep decline in quarterly revenue was primarily due to negative revenue from operations recorded at ₹0.64 crore.

Balance Sheet Highlights

The total assets of the company decreased to ₹2,052.56 crore as of March 31, 2026, from ₹2,337.85 crore in the previous year. Shareholders' funds reduced to ₹820.12 crore from ₹1,050.10 crore, driven by a decrease in other equity reserves. Current borrowings increased to ₹799.83 crore from ₹652.88 crore, while non-current borrowings decreased to ₹207.52 crore from ₹330.06 crore.

United Textiles Limited has announced an exemption from the disclosure requirements for related party transactions under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this compliance status to BSE Limited, citing specific regulatory provisions that allow for this relief based on its financial scale.

Regulatory Exemption Details

Under Regulation 23(9) of the SEBI (LODR) Regulations, 2015, a listed entity is generally required to disclose its related party transactions on the date of publication of its financial results. However, United Textiles Limited stated that this requirement is not applicable to the company. The exemption is derived from Regulation 15(2) of the same regulations, which provides relief from certain corporate governance norms for smaller listed entities.

Criteria for Exemption

The applicability of the exemption under Regulation 15(2) is determined by the company's paid-up equity share capital and net worth. The regulation specifies that compliance with several provisions, including those outlined in regulations 17 to 27 and specific clauses of regulation 46, does not apply to listed entities meeting specific size criteria.

These limits are assessed as on the last day of the previous financial year. By meeting these conditions, United Textiles Limited is not required to adhere to the related party transaction disclosure mandates that are obligatory for larger entities.

The disclosure was signed by Vivek Aggarwal, Whole Time Director of United Textiles Limited, on May 19, 2026.