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Patspin India Ltd (514326)

📊 BSE: 514326 🏢 Other Textile Products 📢 Latest filing: 07 Oct 2026

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Patspin India's revenue was ₹10.6 Cr (-6.6% year on year, -3.8% on the previous quarter), and net profit ₹-2.8 Cr (a bigger loss than a year earlier); the operating margin was -6.2%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹10.6	-6.6%	-3.8%
Operating profit	₹-0.7	loss widened	loss narrowed
Net profit	₹-2.8	loss widened	loss narrowed
EPS (₹)	-0.91	loss widened	loss narrowed
Operating margin	-6.2%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Patspin India Reports ₹34.34 Cr Loan Default as on September 30, 2026

🔴 NEGATIVE ⭐ 9/10

OTHER 📅 07 Oct 2026, 11:51 AM

Patspin India has disclosed a total loan default of ₹34.34 crore as on September 30, 2026, comprising ₹23.33 crore of principal and ₹11.01 crore of interest. The defaults pertain to working capital term loans across three lenders: Central Bank of India, State Bank of India, and Karur Vysya Bank. Total financial indebtedness of the company stands at ₹56.67 crore. The default amount is severe, exceeding the company's current market capitalization of ₹20 crore and representing about 73% of its TTM revenue of ₹47 crore.

Total default amount stands at ₹34.34 crore (Principal: ₹23.33 crore, Interest: ₹11.01 crore)
Total financial indebtedness from banks/financial institutions reported at ₹56.67 crore
Lender-wise exposure includes Central Bank of India (₹33.00 crore O/s), State Bank of India (₹20.77 crore O/s), and Karur Vysya Bank (₹2.91 crore O/s)
Date of default recorded as September 30, 2026

💡 Track whether lenders initiate debt recovery proceedings or insolvency processes under the IBC, and monitor for any restructuring or resolution proposals submitted by the company.

Patspin India Announces Sad Demise of Founder and Chairman Emeritus Shri B K Patodia

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 Sep 2026, 06:31 PM

Patspin India has informed the exchanges of the sad demise of its Founder and Chairman Emeritus, Shri B K Patodia, on September 28, 2026. Pursuant to Regulation 31A(6)(c) of SEBI LODR Regulations, Shri B K Patodia ceases to be part of the 'Promoter' group. The micro-cap textile company currently has a market capitalization of Rs 20 Cr, with FY26 revenue of Rs 46.52 Cr and negative net worth of Rs -45 Cr. The development marks a leadership transition for the GTN Group company.

Demise of Founder and Chairman Emeritus Shri B K Patodia on September 28, 2026, at around 2:00 PM (IST)
Shri B K Patodia ceased to be part of the Promoter group under Regulation 31A(6)(c) of SEBI LODR Regulations
Company currently operates with negative net worth of Rs -45 Cr and debt of Rs 82 Cr

💡 Monitor upcoming shareholding pattern filings to track any transmission or redistribution of promoter shareholdings across the GTN Group.

Promoter Ankur Patodia Sells Entire 400 Equity Shares (0.001% Stake) for ₹2,575.74

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 20 Aug 2026, 01:27 PM

Patspin India Limited announced that promoter Shri Ankur Patodia sold his entire holding of 400 equity shares via an open market transaction on August 18, 2026. The shares, representing 0.001% of the total paid-up equity capital, were sold at ₹6.49 per share for a total consideration of ₹2,575.74. Consequent to this sale, his direct shareholding in the company is NIL. The transaction value is negligible and filed voluntarily under PIT regulations as a matter of caution.

Promoter Ankur Patodia sold 400 equity shares (0.001% stake) via open market on August 18, 2026
Sale executed at an average price of ₹6.49 per share
Total transaction value was ₹2,575.74
Post-transaction holding of the individual promoter is NIL

💡 No action required as the transaction represents an immaterial share count (400 shares) and has no bearing on company operations or overall promoter group control.

Patspin India Sets Sept 21 as Record Date for 35th AGM on Sept 28, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 05:01 PM

Patspin India has announced its 35th Annual General Meeting (AGM) to be held on September 28, 2026, via video conferencing. The company has fixed September 21, 2026, as the cut-off date to determine shareholder eligibility for voting. The register of members will be closed from September 23 to September 28, 2026. This is a standard regulatory procedure for listed companies to conduct their annual shareholder business.

35th Annual General Meeting scheduled for September 28, 2026, at 10:00 AM
Cut-off date for voting eligibility fixed as September 21, 2026
Book closure period spans from September 23 to September 28, 2026
Company currently operates with a negative net worth of Rs -45 Cr
Total debt stands at Rs 82 Cr against a market capitalization of only Rs 20 Cr

💡 Investors should monitor the upcoming Annual Report for management's commentary on debt restructuring and plans to reverse the negative net worth of Rs -45 Cr.

Patspin India Ltd Schedules 35th AGM for Sept 28, 2026; Book Closure from Sept 23

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 05:00 PM

Patspin India Ltd has announced its 35th Annual General Meeting (AGM) to be held on September 28, 2026, via video conferencing. The company has fixed September 21, 2026, as the cut-off date for determining shareholder eligibility to participate. The register of members will be closed from September 23 to September 28, 2026. This routine filing comes amid significant financial stress, with the company reporting a negative net worth of Rs -45 Cr and TTM losses of Rs 11 Cr.

35th Annual General Meeting scheduled for September 28, 2026, at 10:00 AM
Cut-off date for shareholder eligibility set for September 21, 2026
Book closure period spans from September 23 to September 28, 2026
Company currently operates with a negative net worth of Rs -45 Cr
Total debt stands at Rs 82 Cr against a market capitalization of only Rs 20 Cr

💡 Investors should monitor the upcoming Annual Report for any management commentary regarding debt restructuring or turnaround plans, given the company's negative equity position.

Rs 2.54 Cr Net Loss in Q1; Auditor Flags Going Concern Uncertainty for Patspin India

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 10 Aug 2026, 04:06 PM

Patspin India reported a net loss of Rs 2.54 crore for the quarter ended June 30, 2026, compared to a loss of Rs 2.36 crore in the year-ago period. Revenue remained stagnant at Rs 11.01 crore as the company is forced to operate solely on a job-work basis due to a total lack of working capital. The company's net worth is completely eroded, and auditors have issued a 'Going Concern' warning, noting that accounts have been sub-standard since March 2021. While a debt restructuring proposal is under review, lenders have already initiated recovery measures under the SARFAESI Act.

Net loss of Rs 2.54 crore for Q1 FY27 vs Rs 2.36 crore loss in Q1 FY26
Revenue from operations stood at Rs 11.01 crore, down 1.6% from Rs 11.19 crore YoY
Finance costs of Rs 1.75 crore consumed 15.9% of total revenue
Negative 'Other Equity' reported at Rs 127 crore as of June 30, 2026
Lenders have issued possession notices under Section 13(4) of the SARFAESI Act 2002

💡 Investors should monitor the outcome of the debt restructuring proposal and legal proceedings at the Debt Recovery Tribunal (DRT). The company's ability to transition from low-margin job work back to own manufacturing is critical for survival.

Rs 2.54 Cr Net Loss in Q1; Patspin India Faces SARFAESI Recovery Actions

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 03:54 PM

Patspin India reported a net loss of Rs 2.54 crore for Q1 FY27, compared to a loss of Rs 2.36 crore in the year-ago period. Revenue remained stagnant at Rs 11.01 crore as the company continues to operate solely on a job-work basis due to a total lack of working capital. The company's net worth is fully eroded at Rs -45 crore, and its Rs 82 crore debt has been classified as sub-standard since March 2021. Lenders have initiated recovery measures under the SARFAESI Act, including possession notices and petitions to the Debt Recovery Tribunal (DRT).

Net loss of Rs 2.54 crore for the quarter ended June 30, 2026, vs Rs 2.36 crore in Q1 FY26
Revenue from operations stood at Rs 11.01 crore, representing a marginal 1.6% decline YoY
Debt of Rs 82 crore remains sub-standard; bankers have issued notices under Section 13(2) and 13(4) of SARFAESI Act
Techno-Economic Viability (TEV) study confirmed restructuring viability, but bankers demand clearance of past dues first
35th Annual General Meeting (AGM) scheduled for September 28, 2026

💡 Investors should monitor the outcome of the debt restructuring negotiations and any further legal developments regarding the SARFAESI recovery notices. The company's ability to continue as a 'going concern' is highly dependent on securing fresh working capital and settling with lenders.

Patspin India Board Meeting on August 10, 2026, to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 15 Jul 2026, 01:55 PM

Patspin India Ltd has scheduled a board meeting for August 10, 2026, to consider and approve the standalone un-audited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing as per SEBI (LODR) Regulations. The trading window for the company's securities has been closed since July 1, 2026, and will remain so until 48 hours after the results are announced. Investors should note the stock's significant 12-month price decline of 39.4% heading into this earnings release.