Seasons Textiles Limited (STL) has announced its unaudited standalone financial results for the second quarter and half-year ended September 30, 2025. The company faced challenges during this period, reporting a significant drop in revenue and a shift from profit to loss compared to the same quarter last year.

Financial Performance Highlights

Key Observations

1. Revenue Decline: STL experienced a substantial 72.9% year-over-year decrease in revenue from operations, dropping from ₹2,851.77 lakh in Q2 FY2025 to ₹773.07 lakh in Q2 FY2026.

2. Profitability Shift: The company reported a net loss of ₹2.73 lakh for Q2 FY2026, compared to a profit of ₹17.40 lakh in the same quarter last year, marking a 115.7% decline.

3. Half-Year Performance: Despite the quarterly loss, STL managed to maintain profitability for the half-year period, reporting a profit of ₹14.67 lakh.

4. Asset Base: Total assets decreased by 7.6% year-over-year, standing at ₹5,819.79 lakh as of September 30, 2025, compared to ₹6,296.93 lakh in the previous year.

5. Current Assets: There was a 14.9% reduction in current assets, which decreased to ₹2,207.81 lakh from ₹2,594.63 lakh year-over-year.

Corporate Governance

The Board of Directors of Seasons Textiles Limited approved these financial results in their meeting held on November 13, 2025. The meeting commenced at 11:45 A.M and concluded at 12:45 P.M.

Auditor's Review

Bhatia and Bhatia, Chartered Accountants, conducted a limited review of the unaudited financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements have not been prepared in accordance with applicable Accounting Standards and other recognized accounting practices and policies.

Conclusion

Seasons Textiles Limited faces challenges in the current fiscal year, with a significant decline in revenue and a shift to loss in the second quarter. However, the company maintains profitability for the half-year period. Investors and stakeholders may want to monitor the company's performance closely in the coming quarters to assess its ability to recover and return to growth.

Seasons Textiles Limited (STL) has announced significant changes to its board of directors, as approved by shareholders through a postal ballot process. The company, known for its presence in the furnishing textile industry, has made key appointments and accepted a resignation, reshaping its leadership structure.

Board Changes

Mrs. Neelam Wadhwa has been appointed as a Whole-time Director for a five-year term, effective October 17, 2025. This appointment was approved by shareholders through a special resolution in the postal ballot, which concluded on October 17, 2025. Simultaneously, Mr. Sumer Singh Wadhwa has stepped down from his role as Non-Executive Non-Independent Director, with his resignation taking effect from October 18, 2025.

Profile of Neelam Wadhwa

Mrs. Wadhwa brings extensive experience in the furnishing textile industry to her new role, along with in-depth knowledge of Indian and global industry conditions. Her appointment is seen as a strategic move to leverage her expertise in business development and marketing.

Shareholder Approval and Voting Results

The appointment of Mrs. Neelam Wadhwa was overwhelmingly supported by shareholders. The voting results from the postal ballot show:

• Total votes polled: 3,780,408 (50.47% of total shares)
• Votes in favor: 3,766,343 (99.63% of votes polled)
• Votes against: 14,065 (0.37% of votes polled)

The strong approval rate indicates shareholder confidence in Mrs. Wadhwa's ability to contribute to the company's growth and management.

Compliance and Disclosure

Seasons Textiles Limited has confirmed that Mrs. Neelam Wadhwa is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The company has made the necessary disclosures in compliance with Regulation 30 of Listing Regulations and SEBI guidelines.

These board changes come as Seasons Textiles Limited continues to navigate the dynamic textile industry landscape. The appointment of Mrs. Neelam Wadhwa, with her significant shareholding and industry experience, may signal a closer alignment between ownership and executive management in the company's strategic direction.