Tulsi Extrusions Limited has reported its unaudited financial results for the quarter ended June 30, 2025, showing a significant widening of losses despite the company's operational revival following its emergence from liquidation proceedings. The results were announced following a Board of Directors meeting held on March 06, 2026.

Financial Performance Overview

The company posted a net loss of ₹493.99 lakhs for Q1FY26, representing a substantial increase from the ₹200.07 lakhs loss recorded in the corresponding quarter of the previous year. This marks a deterioration in financial performance despite the company's return to active operations.

Operational Challenges and Cost Structure

The company's operational metrics reveal significant challenges in cost management. Total expenses increased to ₹1,549.00 lakhs in Q1FY26 compared to ₹1,587.71 lakhs in Q1FY25, while revenue declined substantially. Key expense components included:

Revival from Liquidation Process

Tulsi Extrusions underwent Corporate Insolvency Resolution Process followed by liquidation proceedings from December 2018 until December 2021. The company was successfully revived through a resolution process, with Mr. Surender Kumar Bansal emerging as the successful bidder.

The Hon'ble National Company Law Tribunal, Mumbai Bench, issued an order dated May 01, 2023, directing the change in company status from "Under Liquidation" to "Active" in the Registrar of Companies records. The current management assumed control of the company's affairs following this restoration.

Board Meeting and Regulatory Compliance

The Board of Directors meeting was held on March 06, 2026, commencing at 04:00 P.M. and concluding at 05:10 P.M. The meeting considered and approved the unaudited standalone financial results for the quarter ended June 30, 2025, pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosures Requirements) Regulation, 2015.

The company submitted its Q1FY26 results on March 06, 2026, acknowledging significant delays in regulatory filings. Management attributed these delays to exceptional circumstances arising from the company's revival process, including reconstruction of financial records, verification of historical transactions, and pending NCLT approval for fresh equity share issuance.

Earnings Per Share and Capital Structure

The company reported earnings per share (EPS) of ₹(2.36) for Q1FY26 on a non-annualized basis, compared to ₹(0.95) in Q1FY25. The paid-up share capital remained unchanged at ₹2,094.95 lakhs with a face value of ₹10 per share.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The results were audited by K R A & CO., Chartered Accountants, who provided a limited review report confirming compliance with applicable accounting standards and regulatory requirements.