Meyer Apparel Ltd Approves FY 2026 Financial Results After Board Meeting
Meyer Apparel Ltd confirmed the approval of its audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 17, 2026. The company also presented the audit report submitted by its statutory auditors, M/s Khandelwal Jain & Co.Financial Performance for March 31, 2026
The company released the statement of audited financial results for the quarter and year to date, presenting key financial figures across the reporting periods.The figures for the quarter ended March 31, 2026, and the year ended March 31, 2026, are summarized below:
| Particulars | Quarter Ended March 31, 2026 | Quarter Ended December 31, 2025 | Quarter Ended March 31, 2025 | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|---|---|---|
| Other Income | (0.08) | 0.03 | 4.41 | -013 | 8.02 |
| Total Income | 0.04 | 0.03 | 4.41 | -013 | 8.02 |
| Total Expenses | 24.16 | 1743 | 52.56 | 87.63 | 23515 |
| Profit / (Loss) before tax | (24.20) | (16.68) | (23.00) | (78.80) | (106.88) |
| Profit / (Loss) for the period | (2420) | - | - | - | - |
Total Comprehensive Income/(Loss) for the year ended March 31, 2026, amounted to (5,783.12) Lakhs.
Balance Sheet Summary
As of March 31, 2026, the company recorded total assets of 70.60 Lakhs, compared to 65.78 Lakhs reported on March 31, 2025.Key figures from the Balance Sheet are presented in Lakhs:
| PARTICULARS | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 70.60 | 65.78 |
| Total Equity | (3,356.45) | (3,278.40) |
| Total Non Current Liabilities | 3.50 | 5.77 |
| Total Current Liabilities | 70.60 | 65.78 |
| Total Equity and Liabilities | 70.60 | 65.78 |
Cash Flow Analysis
The company reported a net cash outflow from operating activities of (0.71) Lakhs for the year ended March 31, 2026. Conversely, net cash inflow from investing activities was 119 Lakhs.The net increase in cash and cash equivalents for the period was 119.00 Lakhs, bringing the total cash and cash equivalents to 2.05 Lakhs by March 31, 2026.
Auditor’s Opinion and Going Concern
The auditors issued an opinion stating that the financial statements give a true and fair view, conforming to applicable accounting standards.The audit report highlighted key financial concerns, noting that the company incurred a net loss of Rs. 24.20 Lakhs during the quarter and Rs. 78.80 Lakhs during the year. Furthermore, the accumulated losses as at March 31, 2026, reached Rs. 6,296.12 Lakhs, resulting in a negative net worth of Rs. 3,356.45 Lakhs.
The audit report directed attention to the need for the company to generate cash flows from its continuing business to fund its operating and capital requirements, basing the financials on a going concern basis.
MAL Stock Price Movement
On Friday, shares of Mangalam Alloys Limited settled flat, closing at ₹39.05, which registered no change for the day. The equity remained steady across the trading session, mirroring its previous day's close.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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