Samtex Fashions Ltd (521206)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Samtex Fashions' revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a bigger loss than a year earlier).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.2 | loss widened | loss widened |
| Net profit | ₹-0.1 | loss widened | loss widened |
| EPS (₹) | -0.01 | — | — |
📢 Recent Corporate Announcements
Debt Recovery Tribunal-III (DRT-III), Delhi, has issued an order dated October 3, 2026, allowing NARCL's application (TA No. 446/2022) against SSA International Ltd and Samtex Fashions Ltd (acting as corporate guarantor). The tribunal also dismissed the subsidiary's counter-claim (CC No. NDN/31/2023). The aggregate claim allowed is approximately ₹435.02 crore plus costs and pendente lite/future interest at 10% p.a. until full repayment. This order poses existential risk given Samtex Fashions' market cap of merely ₹9 crore and negligible operational revenue.
- DRT-III allowed application TA No. 446/2022 in favour of applicant NARCL
- Counter-claim NDN/31/2023 filed by subsidiary SSA International was dismissed
- Claim amount awarded is approx. ₹435.02 crore plus 10% p.a. pendente lite and future interest
- Order dated October 3, 2026 was received by the company on October 15, 2026
Samtex Fashions reported that the Supreme Court of India dismissed its appeal regarding income tax litigations for AY 2000-01 and AY 2001-02 via an order dated September 18, 2026. The matter pertained to disallowance of deductions under Section 80HHC and exemption on interest on margin money. The total amount involved in the litigation is Rs 1.07 crore. For a micro-cap company with zero TTM revenue and a market cap of approximately Rs 9 crore, this Rs 1.07 crore adverse liability is financially significant.
- Supreme Court dismissed company appeal by order dated September 18, 2026 (received September 21, 2026)
- Aggregate litigation claim amount involved is Rs 1.07 crore
- Litigation pertains to deductions under Section 80HHC and Sections 28(iiia) to 28(iiie) for AY 2000-01 and 2001-02
- Liability of Rs 1.07 crore represents roughly 11.9% of the company's Rs 9 crore market cap
Samtex Fashions has scheduled its 33rd Annual General Meeting (AGM) for September 29, 2026, to be held via video conferencing. The share transfer books and register of members will remain closed from September 23, 2026 to September 29, 2026. The board also approved the re-appointment of M/s D S Nayak & Associates as Internal Auditor for FY27 and proposed shifting its registered office to Greater Noida effective October 1, 2026, subject to shareholder approval.
- 33rd Annual General Meeting (AGM) scheduled for September 29, 2026
- Book closure period fixed from September 23, 2026 to September 29, 2026 (both days inclusive)
- Proposed shifting of registered office to Greater Noida, UP effective October 1, 2026, subject to shareholder approval
- Re-appointed M/s D S Nayak & Associates as Internal Auditor for FY 2026-27
Samtex Fashions announced that its Board of Directors approved shifting its registered office from Sikandrabad, Bulandshahr to Greater Noida, Uttar Pradesh, effective October 1, 2026. The proposed relocation is outside local city limits but remains within the jurisdiction of the same Registrar of Companies. The relocation is subject to shareholder approval at the ensuing Annual General Meeting. Financially, the company continues to report zero revenue with a negative net worth of Rs -240 Cr and high debt of Rs 563 Cr.
- Board approved shifting registered office on August 27, 2026
- Effective date of office relocation is October 01, 2026
- Relocation is to Plot No. 163, Udhyog Vihar Extension, Greater Noida, UP - 201310
- Proposal requires shareholder approval at the ensuing AGM
Samtex Fashions Limited announced that its Board of Directors approved the re-appointment of M/s. D S Nayak & Associates, a firm of Practicing Company Secretaries, as the company's Internal Auditor for FY 2026-27. The appointment was approved during the Board meeting on August 27, 2026, following recommendations from the Nomination and Remuneration Committee. The company continues to face severe balance sheet stress with negative net worth of Rs -240 Cr, debt of Rs 563 Cr, and zero TTM revenue. This announcement represents standard annual statutory compliance.
- Re-appointment of M/s. D S Nayak & Associates approved as Internal Auditor on August 27, 2026
- Appointment tenure covers the Financial Year 2026-2027
- Auditor's lead proprietor has over a decade of professional practice experience
Samtex Fashions held a Board meeting on August 27, 2026, approving the notice for its 33rd Annual General Meeting (AGM) to be conducted via Video Conferencing on September 29, 2026. The Board approved the shifting of the registered office to Greater Noida effective October 1, 2026, subject to shareholder approval. Additionally, M/s. D S Nayak & Associates was re-appointed as the Internal Auditor for FY 2026-27, and share transfer books will remain closed from September 23 to September 29, 2026.
- 33rd Annual General Meeting scheduled for September 29, 2026 via Video Conferencing
- Book closure dates fixed from September 23, 2026 to September 29, 2026
- Registered office relocation to Greater Noida approved effective October 1, 2026
- Re-appointed M/s. D S Nayak & Associates as Internal Auditor for FY 2026-27
Samtex Fashions continues to report zero operational revenue for the quarter ended June 30, 2026, extending a long-term trend of non-operation. The company posted a consolidated net loss of Rs 11.86 lakhs, primarily driven by employee costs and administrative expenses. With a massive debt of Rs 563 crore against a market capitalization of only Rs 10 crore, the company remains in a state of extreme financial distress. The net worth is deeply negative at Rs -240 crore, indicating severe insolvency risks.
- Revenue from operations stood at Rs 0.00 for the quarter ended June 30, 2026
- Consolidated net loss for the period was Rs 11.86 lakhs
- Total consolidated expenses reached Rs 12.06 lakhs, mainly from employee benefits (Rs 4.33 lakhs) and other expenses (Rs 9.72 lakhs)
- The company's debt of Rs 563 crore is approximately 56 times its current market capitalization
- Net worth remains severely eroded at Rs -240 crore as per the latest financial context
Samtex Fashions continues to report zero operational revenue for the quarter ended June 30, 2026, consistent with its performance over the last several quarters. The company posted a consolidated net loss of Rs 11.86 lakhs, driven by administrative costs and employee benefits despite no business activity. With a massive debt of Rs 563 crore and a deeply negative net worth of Rs -240 crore, the company remains in severe financial distress. The market capitalization stands at only Rs 10 crore, highlighting the extreme leverage and lack of operational viability.
- Revenue from operations remained at Rs 0 for the quarter ended June 30, 2026
- Consolidated net loss for the quarter stood at Rs 11.86 lakhs
- Total consolidated expenses were Rs 12.06 lakhs, primarily comprising employee benefits of Rs 4.33 lakhs
- The company's debt burden is Rs 563 crore against a negative net worth of Rs 240 crore
- Standalone net loss for the period was Rs 11.13 lakhs
Samtex Fashions has scheduled a board meeting for August 13, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position, reporting zero revenue for the last four consecutive quarters and carrying a massive debt of ‑563 crore. With a negative net worth of ‑240 crore and a market capitalization of only ‑11 crore, the upcoming results are critical to see if there is any operational revival. The trading window for insiders has been closed since July 1, 2026.
- Board meeting scheduled for August 13, 2026, to approve Q1 results.
- Trading window closed from July 01, 2026, until 48 hours post-result declaration.
- Company reported Rs 0.0 crore revenue for the entire FY26 period.
- Total debt stands at Rs 563 crore against a negative net worth of Rs 240 crore.
- Market capitalization is currently approximately Rs 11 crore.
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