Latest news about Zenith Fibres
Zenith Fibres
52.00
0.00(0.00%)
Company Performance:
View Company Insights1D0.00%
1M-3.60%
6M-17.47%
1Y-25.26%
5Y+9.82%
More news about Zenith Fibres
12Nov 25
Zenith Fibres Faces Rs 14.78 Lakh GST Demand and Penalty Order
Zenith Fibres Limited received an Order-In-Original from CGST and Central Excise Audit Commissionerate, Vadodara, demanding Rs 14,78,179 for wrongly availed Input Tax Credit, with an equal penalty and interest. The company plans to file an appeal against the order, seeking legal advice. Zenith Fibres considers it unlikely that this potential demand will materialize as a claim but acknowledges difficulty in assessing the financial impact at this stage.
10Nov 25
Zenith Fibres Reports Net Loss in Q2 FY26 Amid Challenging Market Conditions
Zenith Fibres Limited, a manufacturer of manmade fibers and wind turbine operator, reported a net loss of Rs 5.78 crore for Q2 FY26, compared to profits in previous periods. Revenue from operations declined to Rs 934.79 crore, a 3.83% decrease from the previous quarter. The manmade fiber segment incurred a loss of Rs 104.92 crore, while the wind mill segment generated a profit of Rs 20.88 crore. Total expenses rose to Rs 1,019.15 crore, with material costs being the largest component at Rs 583.52 crore. For the half-year, the company posted a net profit of Rs 32.04 crore on revenue of Rs 1,906.81 crore. As of September 30, 2025, total assets were Rs 6,070.40 crore, with Rs 1,418.54 crore in cash and cash equivalents.
25Sept 25
Zenith Fibres Faces Setback as Rs 185 Lakh Insurance Claim for Windmill Generator Rejected
Zenith Fibres Limited's insurance claim of Rs 185.00 lakhs for a failed windmill generator in Gujarat was rejected. The company incurred costs to replace the damaged generator and restore power generation. Despite this setback, core business operations remained unaffected. Zenith Fibres is now seeking legal opinion to contest the rejection and recover the restoration costs.
18Sept 25
Zenith Fibres Terminates Share Purchase Agreements for Rainy Properties Stake Sale
Zenith Fibres Limited has terminated Share Purchase Agreements with five buyers for the sale of equity shares in Rainy Properties Pvt Ltd, effective September 18, 2025. The termination follows the buyers' failure to fulfill their obligations within the extended timeline. Initially, Zenith Fibres had approved the sale of 360,000 equity shares of Rainy Properties for Rs. 5,400,000.00 to ten buyers. Transactions with five buyers were completed, while the remaining five failed to complete the deal despite an extension. The company has officially notified BSE Limited about this development in compliance with SEBI regulations.
02Aug 25
Zenith Fibres Reports Q1 Results, Approves Key Board Decisions
Zenith Fibres announced Q1 financial results with revenue of Rs. 972.02 crore, down 5.76% year-over-year. Net profit decreased 28.87% to Rs. 37.82 crore. The company's manmade fibre segment reported a loss, while the wind mill segment remained profitable. The Board approved the continuation of Mrs. Rashmi Desai as Independent Director and appointed Mr. Upendra Shukla as Secretarial Auditor for five years, subject to shareholder approval.
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