Rudra Ecovation Limited (formerly Himachal Fibres Limited) has released its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a narrowed loss but faced a decline in revenue compared to the same period last year.

Financial Performance

The company's net loss decreased by 11.4% year-over-year, showing some improvement in its bottom line. However, total revenue saw a significant decline of 42.0% compared to the same quarter in the previous fiscal year.

Board Meeting and Results Approval

The Board of Directors convened on November 13, 2025, at the company's corporate office in Ludhiana, Punjab, to review and approve the quarterly results. The meeting, which began at 3:00 PM, concluded at 4:00 PM.

Extension of Preference Share Redemption

In a separate development, Rudra Ecovation has extended the redemption period for its preference shares:

• Number of shares: 3,60,000
• Type: 4% Non-Cumulative Redeemable Preference Shares
• Original redemption date: August 31, 2025
• New redemption date: August 31, 2026

This extension was approved at an Extraordinary General Meeting of preference shareholders held on August 25, 2025.

Compliance and Reporting

The company has submitted its unaudited financial results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results include:

1. Statement of Un-Audited standalone Financial Results
2. Cash Flow statement
3. Statement of Assets and Liabilities

Additionally, a Limited Review Report has been issued by M/s. Manjul Mittal & Associates (FRN: 028039N), the company's Statutory Auditors.

Rudra Ecovation's financial performance shows mixed results, with a reduction in net loss despite a significant revenue decline. The extension of the preference share redemption period may provide the company with additional financial flexibility in the near term.

Rudra Ecovation Limited has taken a significant step towards its proposed merger with Shiva Texfabs Limited. The company filed a petition on September 23, 2025, with the National Company Law Tribunal (NCLT), Chandigarh Bench, seeking approval for the amalgamation.

Merger Details

The scheme involves the amalgamation of Rudra Ecovation Limited, the transferor company, with Shiva Texfabs Limited, the transferee company. This strategic move is subject to approval from the NCLT and other regulatory authorities.

Regulatory Compliance

In a filing to the BSE on September 26, 2025, Rudra Ecovation confirmed that the petition was filed under Sections 230 to 232 of the Companies Act, 2013. The company had previously received a 'No Adverse Observations' letter from the stock exchange on August 25, 2025, regarding the proposed scheme.

Transparency Measures

To ensure transparency, Rudra Ecovation has made all relevant documents pertaining to the merger scheme available on the company's website at https://rudraecovation.com/scheme-of-arrangement .

Trading Window Closure

In a separate announcement, Rudra Ecovation also informed the BSE about the closure of its trading window. As per the company's 'Code of Conduct for Regulating, Monitoring and Reporting of Trades by Designated Persons' and in compliance with SEBI regulations:

• The trading window for dealing in the company's securities will be closed from October 1, 2025.
• It will remain closed until 48 hours after the declaration of unaudited financial results for the quarter ending September 30, 2025.
• This closure applies to the company's Promoters, Directors, Key Managerial Personnel, Designated Persons, and their immediate relatives.

The date for the Board Meeting to declare the unaudited financial results for the quarter and half-year ending September 30, 2025, will be announced in due course.

Investors and stakeholders are advised to monitor further announcements from the company regarding the progress of the merger and the upcoming financial results.