Meyer Apparel declares Q1 FY27 Unaudited Financial Results

Meyer Apparel Ltd announced the outcome of its Board meeting held on August 12, 2026. The Board considered and approved the Unaudited Financial Results for the Quarter ended June 30, 2026, along with the Limited Review Report from the statutory auditors. The financial results are available on the company's website. The report also highlighted a material uncertainty related to going concern due to a quarterly loss and accumulated losses, leading to net worth erosion and current liabilities exceeding current assets. Management expressed confidence in generating cash flows to meet future requirements.