Modern Threads Announces Audited Financial Results and Reappoints Cost Auditor
Modern Threads (India) Limited announced the results of its Board of Directors meeting held on May 30, 2026. The company approved the audited financial results for both the standalone and consolidated entities for the quarter and the year ended March 31, 2026. The Board also approved the reappointment of S. Goyal & Co., Cost Accountants, Jaipur, as the Cost Auditor for the financial year 2026-27.The audited results include the Statement of Assets and Liabilities and the Statement of Cash Flows for the period ended March 31, 2026.
Financial Highlights for FY 2025-26
The consolidated financial statements provide a comprehensive overview of the Group’s performance. Key financial figures for the quarter and year ended March 31, 2026, include:Consolidated Statement of Assets and Liabilities (Amounts in Lakhs)
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Non-current Assets | 7,526.81 | 6,379.27 |
| Total Current Assets | 10,461.98 | 9,466.98 |
| Total Assets | 17,932.99 | 15,846.25 |
| Total Equity | 9,794.55 | 9,794.55 |
| Total Non-current Liabilities | 11,062.39 | 13,272.07 |
| Total Current Liabilities | 8,890.30 | 10,296.35 |
| Total Equity and Liabilities | 22,562.95 | 22,562.95 |
The company's performance metrics, including Total Income and Total Expenses, are detailed below:
Consolidated Financial Results (Amounts in Lakhs)
| Particulars | Quarter Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Revenue from Operations | 7,450.34 | 20,475.17 |
| Other Income | 376.30 | 1,167.07 |
| Total Income | 7,825.64 | 26,004.48 |
| Total Expenses | 7,216.42 | 28,879.28 |
| Net Profit/(Loss) after tax | 301.58 | 1,303.60 |
Audit Qualifications Noted
The independent auditors issued a Qualified Opinion regarding both the standalone and consolidated financial results.The basis for the qualified opinions included two main areas:
1. Dividend Provision: The company has not provided for Interest (Dividend) on cumulative redeemable preference shares for the quarter ended 31.03.2026, amounting to Rs 8.91 Lakhs, and for the year ended 31.03.2026, amounting to Rs 36.13 Lakhs. The cumulative interest (dividend) not provided for up to 31.03.2026 stands at Rs 1,083.87 Lakhs, as the company is reportedly in the process of settling the remaining redeemable preference share capital.
2. Payables and Receivables: The balances of trade payables and trade receivables are subject to confirmation and consequential adjustments. The auditors noted that the impact of any such adjustments is not ascertainable in the opinion of the management.
Cost Auditor Reappointment
In a separate business update, Modern Threads announced the reappointment of S. Goyal & Co., Cost Accountants, Jaipur. The firm was appointed as the Cost Auditor of the Company for the Financial Year 2026-27. This reappointment was confirmed by the Board on May 30, 2026.MODTHREAD Stock Price Movement
Shares of Modern Threads (India) Limited on Friday slipped by 1.01% to settle at ₹43.00. The stock closed the day amid trading activity involving 1,305 shares, reflecting downward momentum.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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