Harish Textile Engineers
63.16
+0.41(+0.65%)
Market Cap₹21.04 Cr
PE Ratio6.33
Company Performance:
1D+0.65%
1M+3.39%
6M+4.22%
1Y-26.21%
5Y+157.80%
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More news about Harish Textile Engineers
06Nov 25
Harish Textile Engineers Court Case Closed After Complaint Withdrawal
Harish Textile Engineers Limited has announced the successful closure of a court case filed under the Negotiable Instruments Act. The case, originally involving a dishonored cheque of Rs. 11.72 lakh, was resolved when the complainant withdrew the complaint during National Lok Adalat proceedings on December 13, 2025. The court acquitted the accused and closed all proceedings, with no material impact on the company's financial or operational activities.
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04Sept 25
Harish Textile Engineers Sets September 30 AGM Date, Approves Key Board Resolutions
Harish Textile Engineers has scheduled its 15th Annual General Meeting (AGM) for September 30 via video conferencing. The company announced the re-appointment of Mr. Sandeep Kirtikumar Gandhi as Managing Director, appointed M/s. D N Vora & Associates as Secretarial Auditors for five years, and set e-voting period from September 25 to 29. Share transfer books will be closed from September 24 to 30. The Board approved resolutions for shareholder approval including ratification of Cost Auditor remuneration, approval of material related party transactions, and proposal for company's borrowing powers.
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19Aug 25
Harish Textile Engineers Reports 95% Revenue Decline Despite Swing to Profitability
Harish Textile Engineers Limited, a Mumbai-based textile machinery manufacturer, experienced a 94.6% decrease in quarterly revenue to Rs. 61.00 lakhs, down from Rs. 1,127.00 lakhs in the previous year. Despite this, the company achieved profitability with a net profit after tax of Rs. 28.00 lakhs, compared to a loss of Rs. 2.00 lakhs last year. The net profit margin improved significantly from -0.2% to 45.9%, and diluted EPS increased to Rs. 0.19 from Rs. 0.05. The company filed its unaudited quarterly results with BSE Limited on August 19, in compliance with LODR regulations.
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14Aug 25
Harish Textile Engineers Reports 23.5% Drop in Q1 Net Profit Amid Financial Challenges
Harish Textile Engineers Limited (HTEL) reported a 23.5% decline in Q1 net profit to Rs 116.18 crore, down from Rs 151.90 crore in the previous quarter. Revenue from operations slightly decreased to Rs 3,176.24 crore. The company faces financial stress with negative working capital of Rs 2,126.51 crore and has defaulted on debenture repayments. HTEL is involved in legal disputes regarding business transfers and delayed payments. The Non-Woven segment performed strongest with Rs 2,174.20 crore revenue and Rs 187.78 crore profit. The company's Board approved the transfer of its Textile Processing and Finishing Machinery business to Willowtree Industries Limited, subject to approvals.
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25Jul 25
Harish Textile Engineers Faces Arbitration Request from Deep Industries Over Payment Dispute
Harish Textile Engineers Limited (HTEL) received an application from Deep Industries to terminate ongoing conciliation proceedings and initiate arbitration regarding a delayed payment claim. The application was submitted to the Micro and Small Enterprises Facilitation Council (MSEFC) in Ahmedabad. HTEL is reviewing the application with legal advisors and plans to respond to the MSEFC. The company states this development has no immediate financial or operational impact, but the outcome could affect future financial obligations. This dispute has been ongoing, with previous intimations made to the BSE.
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25Jul 25
Harish Textile Engineers Faces Arbitration Request from Deep Industries Over Payment Dispute
Harish Textile Engineers Limited (HTEL) is facing a legal challenge from Deep Industries, an MSME, over alleged delayed payments. Deep Industries has applied to the MSEFC in Ahmedabad to terminate existing conciliation proceedings and initiate arbitration. HTEL is reviewing the application with legal advisors and plans to respond as required. The company claims this development has no impact on its financial or operational activities.
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23Jul 25
Harish Textile Engineers Faces NCLT Hearing Over Alleged Outstanding Dues
Harish Textile Engineers Limited is scheduled for a hearing at the National Company Law Tribunal (NCLT) in Mumbai on July 24, 2025, regarding a case filed by M/s. Kamlesh Corporation over alleged outstanding dues. The company received an email from NCLT on July 23, 2025, informing about the hearing. Harish Textile Engineers states there is no material impact on its financial, operational, or other business activities at this stage and is seeking legal advice to prepare its response. The company made this disclosure in compliance with SEBI regulations.
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Harish Textile Engineers
63.16
+0.41
(+0.65%)
1 Year Returns:-26.21%
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