Quarterly Result22 May 2026, 06:31 pm
Eurotex Industries Approves Audited FY26 Results
AI Summary
Eurotex Industries and Exports Ltd's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, during their meeting held on May 22, 2026. The audit report, included with the financial results, notes the company's decision to file a review petition with the Supreme Court regarding an electricity duty matter and highlights concerns about the company's going concern status due to past losses and discontinued manufacturing operations, though the management is planning further development of available land area at Kolhapur in near future.
Key Highlights
- Eurotex Industries approved audited financial results for FY26 on May 22, 2026.
- Auditors highlight a Supreme Court decision against the company regarding electricity duty.
- Company plans to file a review petition, expecting a favorable outcome.
- Auditor notes concerns about the company's ability to continue as a going concern.
- Management plans further development of available land area at Kolhapur.
Price Impact
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