Celebrity Fashions Limited Approves Audited Financial Results for Year Ended March 31, 2026
Celebrity Fashions Limited announced that its Board of Directors held a meeting on May 16, 2026, where it approved the audited financial results for the quarter and the full financial year ended March 31, 2026. The company also confirmed the re-appointment of its internal auditors.The statutory auditors, SRSV & Associates, Chartered Accountants, Chennai, issued the audit report on the financial results for the year ended March 31, 2026, with an unmodified opinion.
Key Corporate and Audit Developments
In addition to the financial reporting, the Board took key governance actions:- Internal Audit: The Board approved the re-appointment of M/s. R V K S and Associates, Chartered Accountants, Chennai, to serve as Internal auditors for the financial year 2026-2027.
- Industry Segment: The company confirmed that it operates exclusively in the segment of garments.
Financial Performance Summary
The audited financial results for the quarter and year ended March 31, 2026, reveal the following financial performance metrics (figures in ₹ in Crores):| Particulars | Quarter ended 31-03-2026 | Year ended 31-03-2026 |
|---|---|---|
| Total Income | 43.74 | 172.48 |
| Total Expenses | 45.36 | 188.20 |
| Profit/(Loss) before exceptional items and tax | (1.62) | (15.72) |
| Total Comprehensive Income after Tax | (1.85) | (15.95) |
| Basic EPS (₹) | (0.31) | (2.63) |
Balance Sheet Snapshot (as at March 31, 2026 vs. March 31, 2025)
The Statement of Assets and Liabilities showed a significant change in the company's equity and assets:
| Particulars | As at 31-03-2026 (Audited) | As at 31-03-2025 (Audited) |
|---|---|---|
| Total Assets | 111.60 | 147.03 |
| Inventory | 27.19 | 47.54 |
| Total Equity | 9.62 | 20.55 |
| Total Liabilities | 102.00 | 126.48 |
Cash Flow from Operations
The cash flow analysis provided data on the operational cash cycle:
| Metric | 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|
| Profit before Tax | (15.72) | (18.26) |
| Net Cash from Operating Activities | (15.04) | 3.17 |
| Net Increase / Decrease in Cash and Cash Equivalents | 0.00 | (4.38) |
| Cash and Cash Equivalents (Closing Balance) | 0.37 | 0.37 |
Auditor's Findings
The Independent Auditor’s Report noted that the Company has accumulated losses of Rs. 54.93 crores as of March 31, 2026. However, the audit report stated that sufficient evidence was obtained to establish the continuance of the Company as a going concern, allowing the financial statements to be prepared on a going concern basis.The company also disclosed that it absorbed additional discounts and price reductions amounting to Rs 7.01 crores for the quarter and Rs 18.70 crores up to the fourth quarter, impacting revenues and expenses.
CELEBRITY Stock Price Movement
Shares of Celebrity Fashions Limited on Friday slipped by 0.63% to settle at ₹7.82. The stock recorded a total traded volume of 14,752 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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