GHCL Textiles Ltd Releases Q1 Financial Results; Reports Zero Debt Indebtedness
GHCL Textiles Limited, formerly Sree Meenakshi Mills, has released its unaudited financial results and a limited review report for the quarter ended June 30, 2026. The company reported zero total financial indebtedness as of the end of the quarter.The Board of Directors approved the unaudited financial results in their meeting held on July 30, 2026, along with the Limited Review Report issued by Statutory Auditors.
Financial Overview and Funds Utilization
The limited review conducted by the Statutory Auditors, prepared in accordance with Standard on Review Engagements (SRE) 2410 of the Institute of Chartered Accountants of India (ICAI), found nothing that suggests material misstatement or lack of required disclosure in the unaudited statement. The results were prepared according to Indian Accounting Standards (Ind AS).Regarding funds raised, the company confirmed no deviations or variations concerning the utilization of funds during this period.
The details related to the use of funds are summarized below:
| Field | Status |
|---|---|
| Mode of Fund Raising | Not Applicable |
| Amount Raised | Not Applicable |
| Is there a Deviation/ Variation in use of funds | Not Applicable |
Financial Indebtedness and Debt Securities
GHCL Textiles reported robust financial health, stating zero for its total financial indebtedness as on June 30, 2026. This figure encompasses all short-term and long-term debt obligations.Specific details concerning the company's financing are provided in the following table:
| Particular | Amount (₹ crore) |
|---|---|
| Total amount outstanding for loans/revolving facilities | 0 |
| Of the total amount outstanding, amount of default on revolving facilities | 0 |
| Total financial indebtedness of the listed entity | 0 |
The company operates within one reportable segment, which is Textiles, as per Ind AS 108 Operating Segment.
Auditor’s Limited Review Conclusion
The Statutory Auditors confirmed that they conducted their review in compliance with the Standard on Review Engagements (SRE) 2410. They noted that while a review of interim financial information is substantially less in scope than a full audit, their review concluded that the accompanying statement has disclosed all necessary information and does not contain any material misstatement.The auditors also confirmed that comparative financial information for the quarters ended June 30, 2025, March 31, 2026, and the year ended March 31, 2026, had been reviewed/audited by a predecessor auditor who expressed an unmodified conclusion.
The un-audited financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors.
GHCLTEXTIL Stock Price Movement
As of 1:52 PM, GHCL Textiles Limited slips slightly by 0.2%, trading at ₹119.29 as the equity trades through an active period. The stock has moved between a day low of ₹114.49 and a high of ₹123.25, with 2.13 million shares changing hands in live market activity.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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