Minaxi textiles Limited announced its unaudited financial results for the quarter ended December 31, 2025, following a board meeting held on February 10, 2026. The textile company reported a net loss of ₹25.10 lakhs for the third quarter, showing improvement from the ₹44.54 lakhs loss recorded in the same period last year.

Board Meeting and Regulatory Compliance

The board meeting commenced at 3:00 PM and concluded at 4:15 PM on February 10, 2026, at the company's registered office. The directors approved the unaudited financial results in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015, along with a limited review report dated February 10, 2026, issued by M/s Parth R. Shah & Co., Chartered Accountants.

The board also considered reports on compliance with applicable laws and adequacy of the legal compliance system as per Regulation 17(3) of SEBI (LODR) Regulations, 2015.

Financial Performance Overview

The company's quarterly performance reflected mixed results with revenue declining but losses narrowing compared to the previous year. Revenue from operations stood at ₹450.83 lakhs, marking a significant 23.87% decline from ₹592.17 lakhs in Q3FY25.

Operational Metrics and Cost Structure

The company's cost structure showed varying trends across different expense categories. Cost of material consumed decreased to ₹323.66 lakhs from ₹394.83 lakhs in the corresponding quarter of the previous year, reflecting lower production volumes.

Key Expense Components:

• Employee benefits expense: ₹21.78 lakhs (Q3FY26) vs ₹21.46 lakhs (Q3FY25)
• Finance costs: ₹24.26 lakhs vs ₹39.93 lakhs, showing a notable reduction
• Other expenses: ₹49.47 lakhs compared to ₹67.48 lakhs in the previous year

Nine-Month Performance Highlights

Despite quarterly challenges, Minaxi Textiles demonstrated remarkable improvement in its nine-month performance. The company reported a net profit of ₹141.63 lakhs for the nine months ended December 31, 2025, a significant turnaround from the ₹123.78 lakhs loss in the corresponding period of FY25.

The significant increase in other income was attributed to profit on sale of leasehold land, as noted in the financial results.

Auditor Review and Going Concern Assessment

The statutory auditors M/s Parth R. Shah & Co., Chartered Accountants, conducted a limited review of the financial results. The auditors noted that the company has incurred cash losses in preceding financial years but executed a debt restructuring scheme during FY 2021-22, extending the repayment plan for restructured borrowings.

Management expects to generate operational cash inflows in the near future to support meeting cash obligations, supporting the going concern basis of financial reporting. The company maintains its paid-up equity share capital at ₹494.16 lakhs with shares having a par value of Re. 1 each.

Business Outlook and Regulatory Developments

Minaxi Textiles operates in a single business segment of textiles and continues to monitor developments related to new labour codes notified by the Government of India, which became effective from November 21, 2025. The company is assessing the impact of these new labour codes on its overall wage bill as underlying rules are yet to be notified.

Minaxi Textiles Limited , a company operating in the textiles segment, has reported its financial results for the second quarter of the fiscal year 2025-26, revealing a challenging period for the company.

Financial Performance

The company's unaudited financial results for the quarter ended September 30, 2025, show a significant downturn compared to the previous quarter. Here's a breakdown of the key financial metrics:

The company's performance shows a notable decline in revenue and a shift from profit to loss compared to the previous quarter.

Half-Year Performance

For the half-year period ended September 30, 2025, Minaxi Textiles reported:

• Net loss of Rs 63.51 lakhs, compared to a loss of Rs 57.30 lakhs in the same period last year
• Revenue from operations for the half-year stood at Rs 1,541.36 lakhs

Financial Position and Concerns

The company's financial position raises some concerns:

1. Cash Losses: Minaxi Textiles has incurred cash losses in preceding financial years.
2. Debt Restructuring: During the financial year 2021-22, the company executed a debt restructuring scheme, extending the repayment plan for its borrowings.
3. Going Concern: Despite these challenges, management believes the financial information is fairly presented on a going concern basis. The company expects to generate operational cash flows in the near future to meet its obligations.

Board Meeting and Audit Review

The Board of Directors approved these unaudited financial results in a meeting held on November 13, 2025. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Parth R. Shah and Co., Chartered Accountants.

Other Notable Points

• The company operates in a single business segment: Textiles.
• There was a significant increase in other income due to profit on the sale of leasehold land.
• Minaxi Textiles currently has 1,271,600 unclaimed shares in a demat account named "MINAXI TEXTILES LIMITED UNCLAIMED SUSPENSE ACCOUNT".

While the company faces financial challenges, it remains optimistic about generating operational cash flows in the near future. Investors and stakeholders will likely be watching closely to see how Minaxi Textiles navigates these difficulties in the coming quarters.