Eastern Silk Industries Limited (EASTSILK)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Eastern Silk's revenue was ₹7.4 Cr (+10.4% year on year, +35.1% on the previous quarter), and net profit ₹-0.8 Cr (a bigger loss than a year earlier); the operating margin was -18.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹7.4 | +10.4% | +35.1% |
| Operating profit | ₹-1.3 | loss widened | loss narrowed |
| Net profit | ₹-0.8 | loss widened | loss narrowed |
| EPS (₹) | -1.60 | loss widened | loss narrowed |
| Operating margin | -18.1% | — | — |
EASTSILK exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 11 band closes in about the last 20 sessions.
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Eastern Silk Industries Limited has submitted its revised Annual Report for FY 2025-26 to rectify typographical errors in non-statutory sections. The company has convened its 80th Annual General Meeting (AGM) for September 26, 2026, via Video Conferencing. Key resolutions include the formal 5-year appointment of statutory auditors M/s Vyas & Vyas (filling the casual vacancy created by the resignation of M/s B K Shroff & Co. on June 18, 2026). Additionally, the notice seeks approval for a material related-party corporate guarantee provided for credit facilities availed by promoter entity Baumann Dekor Private Limited.
- 80th Annual General Meeting scheduled for September 26, 2026 via video conferencing
- Approval sought for appointment of statutory auditor M/s Vyas & Vyas for a 5-year term following previous auditor resignation on June 18, 2026
- Company reported market capitalization of ₹ 3011 Lakhs as on March 31, 2026 in stakeholder disclosures
- CFO transition formalized with Ayush Goel taking charge effective July 01, 2026
Eastern Silk Industries has issued a revised notice for its 80th Annual General Meeting (AGM), rescheduling the e-voting cut-off date to September 19, 2026. The company reported a significant financial downturn for FY26, posting a net loss of ₹1,360.24 lakhs compared to a profit of ₹396.42 lakhs in the previous year. The filing also details key leadership changes, including the appointment of a new CFO and a new statutory auditor following a resignation in June 2026. The company's market capitalization was recorded at ₹3,011 lakhs as of March 31, 2026.
- Revised cut-off date for e-voting eligibility set for September 19, 2026.
- Reported a net loss of ₹1,360.24 lakhs for FY26 against a profit of ₹396.42 lakhs in FY25.
- Statutory auditor M/s B K Shroff & Co resigned effective June 18, 2026, replaced by M/s Vyas & Vyas.
- New CFO Ayush Goel appointed effective July 01, 2026, following the exit of Sunil Kumar.
- Total Market Capitalization as of March 31, 2026, stood at ₹3,011 lakhs.
Eastern Silk Industries reported a sharp downturn in FY26, posting a net loss of ₹13.60 crore compared to a profit of ₹3.96 crore in FY25. The company is undergoing significant transitions, including the resignation of its statutory auditor in June 2026 and the appointment of a new CFO in July 2026. While the current ratio improved to 2.50 due to loan repayments under a Resolution Plan, the debt-equity ratio rose to 2.13. The company's market capitalization stood at ₹30.11 crore as of March 31, 2026.
- Net loss of ₹1,360.24 lakhs in FY26 against a profit of ₹396.42 lakhs in FY25
- Current ratio improved by 162.49% to 2.50 following loan repayments under the Resolution Plan
- Statutory auditor M/s B K Shroff & Co resigned effective June 18, 2026
- New CFO Mr. Ayush Goel appointed effective July 01, 2026
- Trade receivables decreased to ₹296.54 lakhs from ₹552.89 lakhs in the previous year
Eastern Silk Industries Limited reported a standalone revenue of ₹5.03 crore for the quarter ended June 30, 2026, representing a significant increase from ₹1.42 crore in the year-ago period. Despite the revenue growth, the company posted a net loss of ₹1.07 crore, widening from a loss of ₹0.27 crore in Q1 FY26. Total expenses for the quarter stood at ₹6.13 crore, largely driven by raw material costs of ₹3.93 crore. The company has scheduled its 80th Annual General Meeting for September 26, 2026.
- Revenue from operations increased to ₹503.41 lakhs in Q1 FY27 from ₹142.41 lakhs in Q1 FY26.
- Net loss widened to ₹106.91 lakhs for the quarter compared to a loss of ₹26.91 lakhs in the same period last year.
- Cost of raw materials consumed reached ₹392.55 lakhs, accounting for approximately 78% of revenue from operations.
- The 80th Annual General Meeting (AGM) is scheduled for September 26, 2026, via video conferencing.
- Recognized a government grant of ₹1,36,684 under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY).
Eastern Silk Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by its Registrar and Share Transfer Agent, ABS Consultant Private Limited, covers the quarter ended June 30, 2026. It confirms that physical share certificates received for dematerialization were mutilated, cancelled, and the name of the depository was substituted in the records. This is a standard administrative filing required for all listed entities to ensure the integrity of electronic shareholding.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar ABS Consultant Private Limited confirmed mutilation of physical certificates within stipulated time
- Filing submitted to NSE and BSE on July 9, 2026
- Certificate from the Registrar was dated July 2, 2026
Eastern Silk Industries Limited has appointed M/s Vyas & Vyas as Statutory Auditors effective July 07, 2026. This appointment fills a casual vacancy created by the resignation of the previous auditors, M/s B K Shroff & Co. The new auditors, registered under FRN 000590C, will hold office until the conclusion of the next Annual General Meeting. The decision follows a recommendation from the Audit Committee and remains subject to shareholder approval.
- Appointment of M/s Vyas & Vyas effective from July 07, 2026
- New auditor firm registration number (FRN) is 000590C
- Appointment fills casual vacancy caused by the resignation of M/s B K Shroff & Co.
- Tenure to last until the conclusion of the ensuing Annual General Meeting
Eastern Silk Industries Limited (ESIL) has successfully requested the withdrawal of its credit ratings from CRISIL for bank loan facilities totaling ₹471.5 Crore. The company claims to have achieved nil external borrowings from banks and NBFCs, supported by 'No Dues' certificates from its lenders. However, CRISIL highlighted that the withdrawal also follows a period of non-cooperation, where the management failed to provide financial performance data or strategic intent. The company previously carried a 'CRISIL D' rating, signifying a history of default or severe credit stress.
- Total bank loan facilities for which ratings were withdrawn amount to ₹471.5 Crore.
- The company reported having Nil external borrowings from various Banks and NBFCs as of the withdrawal request.
- CRISIL had previously assigned a 'CRISIL D' (Issuer Not Cooperating) rating to the company as recently as June 2025.
- The withdrawal includes 26 separate facilities, including a ₹73.98 Crore Working Capital Term Loan and a ₹62.87 Crore Working Capital Facility.
- CRISIL noted a failure to receive information on financial performance despite repeated attempts to engage with management.
Eastern Silk Industries Limited has announced the closure of its trading window effective July 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results for the quarter ended June 30, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are declared. The specific date for the board meeting to approve these results has not yet been disclosed.
- Trading window closure commences on July 1, 2026
- Closure pertains to the unaudited financial results for the quarter ended June 30, 2026
- Restriction extends until 48 hours after the official declaration of results
- Applies to all designated persons and their immediate relatives
Eastern Silk Industries Limited has appointed Mr. Aayush Goel as the Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 01, 2026. Alongside this, Mr. Dilip Shah has been appointed as the Internal Auditor for the 2026-27 financial year. These appointments follow recommendations from the company's Audit and Nomination & Remuneration Committees. The company has also updated its list of authorized personnel for determining the materiality of corporate events.
- Mr. Aayush Goel appointed as CFO and Key Managerial Personnel effective July 01, 2026
- Mr. Dilip Shah appointed as Internal Auditor for the Financial Year 2026-27
- Board meeting for these approvals was concluded on June 27, 2026
- Three KMPs (Sunil Kumar, Aayush Goel, and Nitin Dubey) authorized to determine materiality of events from July 01, 2026
Eastern Silk Industries Limited has reported the resignation of its statutory auditors, M/s B K Shroff, Chartered Accountants, effective June 18, 2026. Sudden auditor resignations are typically viewed with caution by the market as they can sometimes signal underlying accounting or governance issues. The company has not yet detailed the specific reasons for the resignation in this brief update. Investors should monitor for the appointment of a new auditor and the disclosure of the 'Reasons for Resignation' as required by SEBI regulations.
- M/s B K Shroff, Chartered Accountants, has stepped down as the Statutory Auditor of the company.
- The resignation is effective as of June 18, 2026.
- The announcement was formally filed with the exchange following a digital signature on the same date.
- The company is now required to appoint a successor to fill the casual vacancy in the audit office.
Mr. Sunil Kumar has resigned from his position as the Chief Financial Officer (CFO) of Eastern Silk Industries Limited, effective from the close of business hours on June 30, 2026. While he is stepping down from the CFO role, he will continue to serve the company as an Executive Director. The company has confirmed that there are no material reasons for his resignation other than those stated in his letter. This move represents a transition in the company's key managerial personnel structure while retaining his expertise on the board.
- Mr. Sunil Kumar to resign as Chief Financial Officer effective June 30, 2026.
- Kumar will retain his position as Executive Director (DIN: 09424480) within the company.
- The transition is compliant with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- No material reasons were cited for the resignation from the CFO post other than the role transition.
Eastern Silk Industries Limited has successfully obtained three major international certifications: ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), and ISO 45001:2018 (Occupational Health & Safety). These certifications, issued by Americo Quality Standards Registech, cover the company's manufacturing and supply operations for a wide range of yarns and fabrics at its Bengaluru facility. The certifications are valid for a three-year period until June 10, 2029, subject to annual surveillance audits. This achievement demonstrates the company's adherence to international standards, which is crucial for its domestic and export textile business.
- Granted ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications simultaneously.
- Certifications cover the Bengaluru facility located at Chandapura Anekal Road.
- The scope includes the manufacture and supply of silk, cotton, synthetic, and blended yarns and fabrics.
- Certificates are valid for 3 years with a recertification date of June 10, 2029.
- Accredited by the International Accreditation Forum (IAF) and United Accreditation Foundation (UAF).
Eastern Silk Industries Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing involves a declaration by the promoters regarding the status of share encumbrances for the financial year. The document was digitally signed by authorized representatives on April 8, 2026, following the close of the fiscal year. Such disclosures are mandatory to ensure transparency regarding promoter share pledging activities.
- Submission of disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
- The declaration confirms the status of promoter share encumbrances for the preceding financial year.
- Documents were digitally signed by Nitin Dubey and Sunil Kumar on April 8, 2026.
- This is a routine annual compliance requirement for all listed Indian companies.
Eastern Silk Industries Limited reported a significant downturn for the financial year ended March 31, 2026, with total income falling to ₹1,121.21 lakhs from ₹3,189.26 lakhs in the previous year. The company swung from a net profit of ₹396.42 lakhs in FY25 to a substantial net loss of ₹1,360.24 lakhs in FY26. The fourth quarter was particularly weak, contributing a loss of ₹1,342.24 lakhs on a revenue of just ₹237.08 lakhs. Additionally, non-current borrowings surged to ₹7,637.30 lakhs, indicating increased financial leverage amidst operational struggles.
- Annual revenue plummeted by 64.8% YoY to ₹1,121.21 lakhs in FY26.
- Company reported a net loss of ₹1,360.24 lakhs for FY26 compared to a profit of ₹396.42 lakhs in FY25.
- Q4 FY26 revenue stood at ₹237.08 lakhs, a sharp decline from ₹2,104.30 lakhs in Q4 FY25.
- Non-current borrowings increased significantly to ₹7,637.30 lakhs from ₹2,138.89 lakhs year-on-year.
- Earnings Per Share (EPS) dropped to negative ₹27.20 for the full year from ₹0.50 in FY25.
Eastern Silk Industries Limited reported a significant turnaround to a net loss of ₹13.60 crore for the financial year ended March 31, 2026, compared to a profit of ₹3.96 crore in FY25. While revenue from operations grew substantially to ₹31.89 crore from ₹2.86 crore in the previous year, the company's bottom line was hit hard by rising expenses and a particularly weak Q4 performance. The company's debt profile has also expanded, with non-current borrowings rising to ₹76.37 crore.
- Annual revenue from operations surged to ₹31.89 crore in FY26 from ₹2.86 crore in FY25.
- Net loss for the full year stood at ₹13.60 crore against a profit of ₹3.96 crore in the previous fiscal.
- Q4 FY26 recorded a standalone loss of ₹13.42 crore on revenue of ₹23.71 crore.
- Non-current borrowings increased significantly to ₹76.37 crore as of March 31, 2026, from ₹21.39 crore in the previous year.
- Basic Earnings Per Share (EPS) plummeted to negative ₹27.20 for FY26.
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