Sri Lakshmi Saraswathi Textiles (Arni) News

Sri Lakshmi Saraswathi Textiles Reports Q3FY26 Loss

Sri Lakshmi Saraswathi Textiles reported a net loss of ₹488.47 lakhs for Q3FY26, with revenue declining to ₹2,113.91 lakhs. The company undertook asset revaluation worth ₹28,767.74 lakhs.

Sri Lakshmi Saraswathi Textiles Appoints D. Krishnamoorthy as Company Secretary

Sri Lakshmi Saraswathi Textiles (Arni) Limited has re-designated D. Krishnamoorthy as Company Secretary and Compliance Officer effective November 1, 2025. Krishnamoorthy holds CS qualification (Mem No. F12410) and is a qualified Company Secretary and Chartered Accountant with over 4 decades of experience. The Nomination and Remuneration Committee recommended his appointment at their meeting held on November 12, 2025. The company informed BSE Limited about this appointment under SEBI listing regulations.

Sri Lakshmi Saraswathi Textiles Reports Rs 707 Crore Loss for Six Months Ended September 2025

Sri Lakshmi Saraswathi Textiles (Arni) Limited reported a net loss of Rs 707.33 crore for the six months ended September 30, 2025, compared to Rs 1,146.62 crore loss in the same period last year. The company's quarterly results showed a loss of Rs 377.05 crore for the second quarter. Total income from operations decreased to Rs 4,588.75 crore for the half-year from Rs 4,686.91 crore in the previous year. The company's accumulated losses reached Rs 9,195.89 crore as of March 2025, resulting in negative net worth. Auditors raised concerns about the company's ability to continue as a going concern due to consistent losses over three years. The auditors also noted that Rs 106.71 crore towards Employee Provident Fund and Rs 6.05 crore towards Employee State Insurance have not been remitted to appropriate authorities. Management expressed confidence in future profitability due to expected favorable changes in industrial conditions and assured that pending statutory dues would be remitted in the coming period.

Sri Lakshmi Saraswathi Textiles Appoints D. Krishnamoorthy as Company Secretary and Compliance Officer

Sri Lakshmi Saraswathi Textiles (Arni) Limited has appointed D. Krishnamoorthy as Company Secretary and Compliance Officer effective November 1, 2025. Krishnamoorthy is a qualified Company Secretary with CS qualification (Membership No. F12410) and a Chartered Accountant with over 4 decades of experience. He is not related to any Directors of the company. The appointment was announced by Managing Director Balakrishna S.

Sri Lakshmi Saraswathi Textiles Reports ₹3.77 Crore Loss in Q1, Revenue Declines 4.6%

Sri Lakshmi Saraswathi Textiles (Arni) Limited reported a net loss of ₹3.77 crores for the first quarter ended June 30, 2025, compared to a loss of ₹6.19 crores in the same period last year. Total income from operations decreased to ₹22.24 crores from ₹23.31 crores year-on-year. The company's earnings per share stood at ₹-11.31. Major expenses included cost of materials consumed at ₹13.34 crores, employee benefits at ₹5.41 crores, and power & fuel costs at ₹3.91 crores. The company has accumulated losses of ₹91.96 crores as of March 31, 2025, and negative reserves of ₹71.92 crores. Auditors raised concerns about the company's going concern status due to accumulated losses and negative net worth. The company has outstanding statutory dues of ₹88.35 lakhs towards Employees' Provident Fund and ₹4.09 lakhs towards Employees' State Insurance. Management expressed confidence in future profitability with favorable industry conditions and assured that statutory dues will be remitted in upcoming quarters.