SVP Global Textiles Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing continued operational challenges with significant losses across both standalone and consolidated operations. The Board of Directors approved these results during their meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations showed a mixed performance compared to the previous year. While the company generated no revenue during the quarter, it managed to reduce its net loss marginally.

The primary cost components included depreciation expenses of ₹183.75 lakhs and employee costs of ₹8.98 lakhs. Other expenditure remained minimal at ₹2.05 lakhs during the quarter.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the standalone operations recorded a net loss of ₹535.09 lakhs compared to ₹794.39 lakhs in the corresponding period of the previous year, representing a significant improvement of ₹259.30 lakhs.

Consolidated Financial Results

The consolidated financial performance presented a different picture, with the company reporting substantially higher losses due to the inclusion of subsidiary operations.

The consolidated results showed no revenue generation during Q3FY26, compared to ₹1,345.68 lakhs in the corresponding quarter of the previous year.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹1,265.00 lakhs with a face value of ₹1.00 per share throughout the periods under review.

Corporate Developments and Challenges

The company faces several operational and financial challenges that impact its performance:

• Debt Covenant Issues: The company has borrowings with instances of non-compliance with certain debt covenants, leading to recall of funds by lenders
• NCLT Proceedings: Indian Bank has filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, alleging default in repayment of dues amounting to ₹35.63 crores
• Subsidiary CIRP: Key subsidiaries Shri Vallabh Pittie South West Industries Limited and Shri Vallabh Pittie Industries Limited are under Corporate Insolvency Resolution Process (CIRP)
• Finance Cost Treatment: The company has not provided for finance costs since June 30, 2024, as no charges have been received from lenders

The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditors Motilal & Associates LLP conducting a limited review of the quarterly results.

SVP Global Ventures , formerly known as SVP Global Textiles Limited, has reported substantial losses for the quarter ended September 30, 2023, according to the company's latest financial results. The textile manufacturer faces significant challenges, including ongoing insolvency proceedings for key subsidiaries and potential legal action from a major creditor.

Financial Performance

The company's financial results paint a concerning picture:

These figures underscore the severe financial strain SVP Global Ventures is experiencing, particularly on a consolidated basis.

Subsidiary Insolvency Proceedings

A major factor contributing to SVP Global Ventures' financial woes is the ongoing Corporate Insolvency Resolution Process (CIRP) for two of its key step subsidiaries:

1. Shri Vallabh Pittie South West Industries Limited
2. Shri Vallabh Pittie Industries Limited

The National Company Law Tribunal (NCLT) initiated the CIRP for these subsidiaries on October 10, 2023, and March 7, 2024, respectively. As a result, SVP Global Ventures no longer has control over these entities, and their financial results have not been included in the consolidated statements.

Potential Legal Action

Adding to the company's challenges, Indian Bank has filed a petition with the NCLT under Section 7 of the Insolvency and Bankruptcy Code, 2016. The bank alleges that SVP Global Ventures has defaulted on repayment of dues amounting to Rs 35.63 crores. This matter is currently pending before the NCLT for admission.

Auditor's Observations

The company's auditors, Motilal & Associates LLP, have highlighted several points of concern in their limited review report:

1. The inability to access certain confidential information related to the CIRP of the subsidiaries, which may have potential financial impacts.
2. Uncertainty regarding the recoverability of trade receivables, payables, and loans due to lack of balance confirmations from third parties.
3. A reversal of finance charges amounting to Rs 60.23 lakhs in the current reporting period.

Conclusion

SVP Global Ventures faces a challenging period ahead as it grapples with significant losses, subsidiary insolvency proceedings, and potential legal action. The company's ability to navigate these issues and return to profitability remains uncertain, and stakeholders will be closely watching for any developments in the coming months.