Visagar Polytex Limited has announced its unaudited financial results for the quarter and nine months ended 31st December, 2025. The Board of Directors approved these results at their meeting held on 9th February, 2026, which commenced at 4:00 PM and concluded at 5:20 PM.

Q3 FY26 Financial Performance

The company reported a net loss of ₹21.75 lakh for the third quarter of FY26, which represents an improvement from the net loss of ₹32.05 lakh recorded in the corresponding quarter of the previous year. Revenue from operations for Q3 FY26 stood at ₹0.67 lakh, marking the company's return to operational revenue after recording nil revenue in Q3 FY25.

Nine-Month Performance Analysis

For the nine months ended 31st December, 2025, Visagar Polytex recorded a net loss of ₹111.35 lakh, marginally better than the loss of ₹111.49 lakh in the corresponding period of the previous year. The company generated revenue from operations of ₹11.52 lakh during the nine-month period, compared to nil revenue in the previous year.

Expense Structure and Key Components

The company's major expense components for Q3 FY26 included depreciation and amortisation expenses of ₹12.06 lakh, finance costs of ₹6.32 lakh, and other expenses of ₹2.43 lakh. Employee benefit expenses stood at ₹1.61 lakh for the quarter. The purchase of stock-in-trade amounted to ₹0.60 lakh, with a corresponding negative change in inventories of ₹0.60 lakh.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹2,927.01 lakh with a face value of ₹1.00 per share. The basic and diluted earnings per share for Q3 FY26 stood at ₹(0.01), improved from ₹(0.01) in Q3 FY25. For the nine-month period, both basic and diluted EPS remained at ₹(0.04), consistent with the previous year.

Regulatory Compliance and Auditor Review

The unaudited financial results were reviewed by the Audit Committee and received statutory auditor approval. M/s. Bhatter and Associates, Chartered Accountants (FRN: 131411W), conducted a limited review of the financial results as required under SEBI regulations. The company operates in a single segment, and the results will be available on the company website and BSE platform for stakeholder access.

Visagar Polytex Limited , a textile company, has reported a wider net loss for the first quarter, while also announcing changes to its board of directors and corporate governance policies.

Financial Performance

The company reported a net loss of Rs 59.62 lakh for the quarter, compared to a loss of Rs 44.67 lakh in the same period last year. Despite the increased loss, Visagar Polytex saw a revival in its revenue from operations, which stood at Rs 10.85 lakh, up from zero in the previous year's corresponding quarter.

Expense Breakdown

Total expenses for the quarter rose to Rs 70.47 lakh. The major components of expenses were:

Board Appointment

In a significant move, Visagar Polytex appointed Mr. Vikasjeet Singh as an Additional Director (Non-Executive, Non-Independent) to its board. Mr. Singh, who graduated from Punjab University in 2018, brings over two years of experience in VFX compositing to the company. The appointment is effective from August 13, subject to shareholder approval.

Corporate Governance Updates

The board meeting, which lasted from 1:00 PM to 2:10 PM on August 13, also saw the adoption of updated codes of conduct. The company approved:

1. A 'Code of conduct to regulate, monitor and report trading by designated persons'
2. A 'Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information'

These measures aim to enhance the company's corporate governance practices and ensure compliance with regulatory requirements.

Financial Metrics

The company's performance reflected in its per-share earnings:

• Earnings per share (EPS) remained negative at Rs 0.02 for both basic and diluted calculations.
• The face value of each share stands at Rs 1.00.
• The paid-up equity share capital of the company is Rs 2,927.01 lakh.

Despite the challenging quarter, Visagar Polytex's management has not provided any forward-looking statements or guidance for the upcoming quarters.