Latest news about Sri Lakshmi Saraswathi Textiles
Sri Lakshmi Saraswathi Textiles
31.00
-0.41(-1.31%)
Company Performance:
View Company Insights1D-1.31%
1M+1.91%
6M0.00%
1Y-20.14%
5Y+39.95%
More news about Sri Lakshmi Saraswathi Textiles
30May 26
Auditor flags material uncertainty on going concern for Sri Lakshmi Saraswathi Textiles
Sri Lakshmi Saraswathi Textiles (Arni) Limited reported a narrowed net loss of ₹1574.43 lakh for FY26, down from ₹2132.31 lakh in the previous year, with total income from operations declining to ₹8814.10 lakh. The statutory auditor, M/s. S. Viswanathan LLP, highlighted a material uncertainty regarding the company's ability to continue as a going concern due to complete erosion of net worth and accumulated losses of ₹10514.05 lakh. The auditor also noted significant defaults in statutory dues, including EPF and TDS, and an inability to obtain balance confirmations for significant outstanding balances.
18May 26
Sri Lakshmi Saraswathi Textiles Schedules Board Meeting on May 27, 2026 to Approve FY26 Audited Financial Results
Sri Lakshmi Saraswathi Textiles (Arni) Limited has intimated BSE Limited of a Board of Directors meeting scheduled for May 27, 2026, at its registered office in Chennai. The meeting has been convened to consider, approve, and take on record the Audited Financial Results for the quarter and year ended March 31, 2026. The notice was issued on May 18, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary D. Krishnamoorthy.
08Apr 26
Sri Lakshmi Saraswathi Textiles Submits Q4FY26 Dematerialization Compliance Certificate to BSE
Sri Lakshmi Saraswathi Textiles (Arni) Limited has submitted its Q4FY26 confirmation certificate under SEBI Regulation 74(5) to BSE, covering dematerialization activities from January 1, 2026 to March 31, 2026. The certificate confirms that all required details of securities dematerialized and rematerialized during this period have been furnished to relevant stock exchanges. Cameo Corporate Services Limited, the company's registrar, has also confirmed compliance with all dematerialization procedures and regulatory requirements within stipulated timeframes.
12Feb 26
Sri Lakshmi Saraswathi Textiles Reports Q3FY26 Loss Amid Revenue Decline and Asset Revaluation
Sri Lakshmi Saraswathi Textiles (Arni) Limited reported Q3FY26 results showing a net loss of ₹488.47 lakhs against ₹546.97 lakhs in Q3FY25, while revenue declined 20.64% to ₹2,113.91 lakhs. The company conducted a major asset revaluation exercise worth ₹28,767.74 lakhs, resulting in significant Other Comprehensive Income of ₹19,962.02 lakhs. However, auditors raised concerns about going concern uncertainty and statutory dues defaults totaling over ₹147 lakhs.
12Nov 25
Sri Lakshmi Saraswathi Textiles Reports Rs 707.33 Crore Loss for H1 2025, Auditors Raise Going Concern Issues
Sri Lakshmi Saraswathi Textiles (Arni) Limited reported a net loss of Rs 707.33 crore for H1 2025-26, an improvement from Rs 1,146.62 crore loss in the same period last year. Total income decreased by 2.07% to Rs 458.88 crore. Auditors raised concerns about accumulated losses of Rs 9,195.89 crore, negative net worth, and unpaid statutory dues. Management assured future remittance of pending dues and expressed confidence in future profitability despite current challenges.
01Nov 25
Sri Lakshmi Saraswathi Textiles Appoints D. Krishnamoorthy as New Company Secretary and Compliance Officer
Sri Lakshmi Saraswathi Textiles (Arni) Limited has appointed D. Krishnamoorthy as its new Company Secretary and Compliance Officer, effective November 1, 2025. Krishnamoorthy, a Chartered Accountant and Company Secretary with over four decades of experience, brings dual qualifications to the role. The appointment, announced by Managing Director Balakrishna S, aligns with the company's commitment to strong corporate governance. Krishnamoorthy is not related to any company directors, and the appointment complies with SEBI regulations.
11Aug 25
Sri Lakshmi Saraswathi Textiles Reports Reduced Q1 Loss, Faces Going Concern Challenges
Sri Lakshmi Saraswathi Textiles reported a reduced net loss of ₹3.77 crore in Q1, down from ₹6.19 crore year-on-year. Total income decreased by 4.6% to ₹22.24 crore. The company faces financial challenges with accumulated losses of ₹91.96 crore and negative reserves of ₹71.92 crore. Auditors raised concerns about its going concern status. Outstanding statutory dues include ₹88.35 lakh for Employees' Provident Fund and ₹4.09 lakh for Employees' State Insurance. Despite challenges, management remains optimistic about future profitability.
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