Durlax Top Surface Limited Reports Financial Results and Details Utilization of Rights Issue Proceeds
Durlax Top Surface Limited reported its annual audited standalone financial results and provided a statement regarding the utilization of funds raised through a recent Rights Issue. The Board of Directors approved the results during a meeting held on May 21, 2026.The company disclosed that for the half year and year ended March 31, 2026, the Statutory Auditor, M/s. N.K. Mittal & Associates, issued an Audit Report with an unmodified opinion on the financial statements.
Financial Results Highlights
The audited standalone financial results for the half year and year ended March 31, 2026, showed significant activity across key financial metrics.The reported figures for the company's performance are summarized below:
| Metric | Period Ended 31.03.2025 (Audited) | Period Ended 31.03.2026 (Audited) |
|---|---|---|
| Total Revenue (Rs. in Lakhs) | 12,482.01 | 18,687.53 |
| Profit / (Loss) before Exceptional Items & Tax (Rs. in Lakhs) | 1,1485.30 | 16,906.76 |
| Net Profit / (loss) for the period (Rs. in Lakhs) | 996.71 | 1,754.51 |
Additionally, the statement of audited standalone profit and loss reported that the Net Profit for the period ended March 31, 2026, was 1,146.59 (Rs. in Lakhs). Earnings Per Share (Basic) for the period was 4.06 (Rs. 10/- each).
Rights Issue Details and Fund Utilization
The company previously completed a Rights Issue of 1,23,04,497 fully paid-up equity shares. The shares had a face value of 210/- each and were issued at a price of 240/- per share, aggregating to 249.22 Crores on a rights basis. The allotted shares were listed on the National Stock Exchange of India Limited on March 10, 2026.The company provided a detailed breakdown of the fund utilization against the original objects stated in the Letter of Offer dated February 9, 2026.
| Object of Utilization | Estimated/Proposed Utilization Amount (Rs. in Lakhs) | Actual Utilization (Rs. in Lakhs) | Balance Unutilized Amount (Rs. in Lakhs) | Deviation |
|---|---|---|---|---|
| Capital Expenditure for New Machinery and Civil and Mechanical works | 1300.00 | 895.01 | 404.99 | N/A |
| Working Capital | 1200.00 | 1200.00 | - | N/A |
| Launch of TRUDO® Aasa Premium Collection | 950.00 | 430.00 | 520.00 | N/A |
| General Corporate Purposes | 1121.80 | 1121.80 | - | N/A |
| Issue Expense | 350.00 | 324.00 | 26.00 | N/A |
| Total | 4921.80 | 3970.81 | 950.99 |
The company confirmed that there are no deviations or variations in the use of proceeds from the objects stated in the Letter of offer for Rights Issue dated February 9, 2026.
Balance Sheet and Cash Flow Snapshot
The audited standalone Balance Sheet data for the year ended March 31, 2026, showed a total equity and liabilities of 17,536.06 (Rs. in Lakhs), compared to 11,477.9 (Rs. in Lakhs) the previous year. Total assets reached 17,536.06 (Rs. in Lakhs), up from 11,477.9 (Rs. in Lakhs) in the preceding year.In terms of cash flow, the net cash flow from operating activities for the year ended March 31, 2026, was -1,236.37 (Rs. in Lakhs), compared to -678.26 (Rs. in Lakhs) in the previous period. The net cash flow from financing activities stood at 3,964.64 (Rs. in Lakhs), significantly higher than the 1,033.92 (Rs. in Lakhs) reported in the corresponding period last year.
DURLAX Stock Price Movement
Durlax Top Surface Limited shares today slipped by 3.71% to settle at ₹57.3, shedding ₹2.20 in after-hours trading. Despite today's move, the equity saw strong volume of 166,000 shares, remaining significantly below its 52-week high of ₹62.2.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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