Akshar Spintex Ltd Approves Quarter Ended June 30, 2026 Financial Results; Reports Consolidated Income and Debt Status
Akshar Spintex Limited has approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The results were reviewed by the Board of Directors at a meeting held on August 7, 2026.The company reported key figures across various financial parameters for the period.
Q Ended June 30, 2026 Financial Snapshot (in Lakhs)
| Metric | Amount |
|---|---|
| I Other Income Total | 2,993.31 |
| II III Income (I+II) | 57.32 |
| Total Expenses | 2,946.51 |
| V Profit / (Loss) before tax | 104.12 |
| Tax Expense | 59.87 |
| Profit / (Loss) for the period | 59.80 |
| Other Comprehensive Income | 2.74 |
| Total Comprehensive Income | (36.94) |
The Board meeting, which commenced at 2:45 p.m. and concluded at 3:30 p.m., considered and approved the results along with a Limited Review Report prepared by the Auditor. The Unaudited financial results were prepared in accordance with Ind AS 34 for Interim Financial Reporting.
Fund Utilization Details
Regarding its Right Issue raised on October 7, 2024, involving an amount of Rs. 4874.81 lakhs, Akshar Spintex Limited reported no deviation or variation in the utilization of funds.The company's original objects for raising the funds included repaying a long term unsecured loan and augmenting working capital. The utilized amounts are detailed below:
| Original Object | Modified Objective/Allocation | Funds Utilized (Lakhs) | Unutilized Fund (Lakhs) |
|---|---|---|---|
| Repay long term unsecured loan / Augment working capital | Augment existing and incremental working capital | 320.00 | 25.40 |
| Corporate expense related to issue transferred to General Corporate purpose | N/A | 1193.16 | 19.18 |
Financial Indebtedness Status
Akshar Spintex Limited maintained a total financial indebtedness of 306.03 lakhs as on the reporting date. In loans or revolving facilities from banks and financial institutions, the total amount outstanding is 306.03 lakhs, with zero recorded amount of default.The company's operations are concentrated in the single segment of Spinning of Cotton Yarn, meaning segment reporting is not applicable.
AKSHAR Stock Price Movement
Akshar Spintex Limited shares slipped today, settling at ₹0.41 after shedding 4.55% from the previous closing price. The stock saw a trading volume of 1,747,593 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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