Indus Fila Limited (INDUSFILA)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Indus Fila's revenue was ₹0.0 Cr, and net profit ₹-0.7 Cr; the operating margin was -1047.3%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.2 | — | — |
| Net profit | ₹-0.7 | — | — |
| EPS (₹) | -1.30 | — | — |
| Operating margin | -1047.3% | — | — |
📢 Recent Corporate Announcements
Indus Fila Limited responded to NSE's query dated 15-09-2026 regarding discrepancies in its financial results for the quarter ended June 30, 2026. The company clarified that signatory Mr. Abhay Mandhana is a Whole-Time Director and Chairperson authorized by the Board under Regulation 33(2)(b). Additionally, an error where EPS was shown as positive in XBRL despite being negative (-Rs 1.3 in context) has been rectified by filing a revised XBRL.
- Clarified query received from NSE dated 15-09-2026 regarding Q1 results ended June 30, 2026
- Confirmed signatory Mr. Abhay Mandhana is Whole-Time Director and Chairperson authorized by Board under Regulation 33(2)(b)
- Filed revised XBRL resolving discrepancy where EPS figure was shown positive instead of negative
Indus Fila Limited reported a net loss of ₹66.42 lakhs for the quarter ended June 30, 2026, showing a slight narrowing from the ₹83.12 lakhs loss in the same period last year. Revenue from operations remained minimal at ₹2.01 lakhs, though this is an increase from zero revenue in the corresponding quarter of the previous year. The company continues to be weighed down by high finance costs of ₹44.74 lakhs, which constitute nearly 66% of its total quarterly expenses. Operational activity appears severely limited, with the company noting that depreciation is no longer charged on key assets as they have reached their residual value.
- Revenue from operations increased to ₹2.01 lakhs from zero in the year-ago quarter.
- Net loss narrowed to ₹66.42 lakhs compared to a loss of ₹83.12 lakhs in Q1 FY26.
- Finance costs of ₹44.74 lakhs represent 65.8% of the total quarterly expenditure of ₹67.97 lakhs.
- Total expenses decreased by 17.7% year-on-year from ₹82.59 lakhs to ₹67.97 lakhs.
- Basic and Diluted EPS for the quarter stood at -₹1.30.
Indus Fila Limited has received shareholder approval at its 27th Annual General Meeting (AGM) for the appointment of M/s CAAG and Associates as Statutory Auditors for a five-year term spanning FY 2026-27 to 2030-31. Additionally, the company appointed Mr. Abhay Mandhana as a Whole-time Director and Ms. Kanikella Hepzibah Rathna Glory as an Independent Director for a five-year term. These appointments are part of routine governance and board refreshment following the AGM held on July 30, 2026.
- Appointment of M/s CAAG and Associates as Statutory Auditors for 5 consecutive financial years (2026-27 to 2030-31)
- Appointment of Mr. Abhay Mandhana as a Whole-time Director effective July 30, 2026
- Appointment of Ms. Kanikella Hepzibah Rathna Glory as an Independent Director for a 5-year term effective October 21, 2025
- The 27th Annual General Meeting was successfully concluded on July 30, 2026
Indus Fila Limited has announced key leadership and governance changes following its 27th Annual General Meeting (AGM) held on July 30, 2026. Mr. Abhay Mandhana has been re-designated as a Whole-time Director, and Ms. Kanikella Hepzibah Rathna Glory's appointment as an Independent Director for a 5-year term (effective from October 21, 2025) was approved. Furthermore, M/s CAAG and Associates have been appointed as the Statutory Auditors for a five-year period spanning FY 2026-27 to 2030-31. These appointments are part of the company's routine governance and regulatory compliance framework.
- Appointment of Mr. Abhay Mandhana as Whole-time Director effective July 30, 2026
- Approval of Ms. Kanikella Hepzibah Rathna Glory as Independent Director for a 5-year term starting October 21, 2025
- Appointment of M/s CAAG and Associates as Statutory Auditors for 5 consecutive financial years (2026-27 to 2030-31)
- The 27th Annual General Meeting was successfully conducted on July 30, 2026
Indus Fila Limited successfully concluded its 27th Annual General Meeting on July 30, 2026, with shareholders approving all five proposed resolutions. Key outcomes include the adoption of financial statements, the appointment of M/s CAAG & Associates as Statutory Auditors, and the appointment of Mr. Abhay Mandhana as a Whole-Time Director. A total of 5,004,914 votes were cast, representing 97.97% of the shares held by the voting group, with zero votes cast against any resolution. Participation was relatively low, with only 18 shareholders attending via video conferencing.
- All 5 resolutions passed with 100% of the votes cast in favor
- Total of 5,004,914 votes polled out of 5,108,370 shares held by the voting group
- Only 18 shareholders attended the meeting via video conferencing (1 Promoter, 17 Public)
- Appointment of M/s CAAG & Associates as Statutory Auditors was confirmed
- Appointment of Mr. Abhay Mandhana as Whole-Time Director was approved
Indus Fila Limited conducted its 27th Annual General Meeting (AGM) on July 30, 2026, via video conferencing. A significant disclosure was made regarding qualifications in both the Statutory Auditors' Report and the Secretarial Auditor's Report for the financial year ended March 31, 2026. The meeting was notably brief, lasting only 10 minutes from 5:00 PM to 5:10 PM, with no shareholder queries raised during the session. Voting results are currently pending the Scrutinizer's report.
- The 27th AGM was held on July 30, 2026, and concluded within a 10-minute duration.
- Management confirmed that the Statutory Auditors' Report for FY ended March 31, 2026, contains qualifications.
- The Secretarial Auditor's Report also contains qualifications, indicating potential compliance gaps.
- Mr. Madhwesh Krishnamurthy (ACS 21477) was appointed as the Scrutinizer for the e-voting process.
- No shareholder queries or clarifications were raised during the meeting proceedings.
Indus Fila Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed according to regulations. This includes the verification, mutilation, and cancellation of physical certificates and the updating of the register of members. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA MUFG Intime India Private Limited confirmed processing of dematerialization requests
- Security certificates were mutilated and cancelled after due verification by the depository participant
- Register of members updated with depository names within prescribed timelines
Indus Fila Limited has scheduled its 27th Annual General Meeting (AGM) for July 30, 2026, to be conducted via video conferencing. The meeting will address the adoption of audited financial statements for FY 2025-26 and the appointment of M/s CAAG and Associates as statutory auditors for a five-year term (FY27-FY31). Shareholders will also vote on the regularization of Mr. Abhay Mandhana as a Whole-time Director and the appointment of Ms. Kanikella Hepzibah Rathna Glory as an Independent Director. A corporate governance certificate noted a past non-compliance regarding the appointment of a Woman Director during the 2025-26 fiscal year.
- 27th Annual General Meeting scheduled for July 30, 2026, at 5:00 PM IST.
- Proposed appointment of M/s CAAG and Associates as Statutory Auditors for a 5-year term from FY 2026-27 to 2030-31.
- Regularization of Mr. Abhay Mandhana as Whole-time Director, following his initial board entry on September 18, 2025.
- Appointment of Ms. Kanikella Hepzibah Rathna Glory as an Independent Director for a 5-year term effective October 21, 2025.
- Corporate Governance certificate highlights a specific non-compliance regarding the appointment of a Woman Director during FY 2025-26.
Indus Fila Limited has announced that its 27th Annual General Meeting (AGM) will be held on July 30, 2026, at 05:00 p.m. via virtual means. The company has established July 24, 2026, as the cut-off date to determine shareholder eligibility for voting on resolutions. The board meeting to finalize these arrangements was held on July 02, 2026, lasting 45 minutes. This is a standard procedural filing required under SEBI LODR Regulations.
- 27th Annual General Meeting scheduled for July 30, 2026, at 05:00 p.m.
- Cut-off date for voting eligibility fixed as July 24, 2026
- Board meeting conducted on July 02, 2026, from 03:30 P.M. to 04:15 P.M.
- AGM to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Indus Fila Limited has announced that its 27th Annual General Meeting (AGM) will be held on July 30, 2026, at 05:00 p.m. via video conferencing. The company has fixed July 24, 2026, as the cut-off date to determine shareholder eligibility for voting on resolutions. This meeting follows a board session held on July 02, 2026, which lasted 45 minutes. The announcement is a standard regulatory requirement and does not include new financial results or dividend declarations.
- 27th Annual General Meeting scheduled for July 30, 2026, at 05:00 p.m.
- Cut-off date for voting eligibility fixed as July 24, 2026
- Board meeting conducted on July 02, 2026, between 03:30 P.M. and 04:15 P.M.
- Meeting to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Indus Fila Limited has announced the mandatory closure of its trading window for all designated persons and their relatives starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the unaudited financial results are declared and disseminated to the exchanges. The specific date for the board meeting to approve these results has not yet been disclosed.
- Trading window closure begins on July 1, 2026
- Closure is for the reporting period ending June 30, 2026
- Trading restriction ends 48 hours after the financial results are disseminated
- Applies to all Designated Persons and their immediate relatives
Vision Textile, a member of the promoter group for Indus Fila Limited, has filed a declaration under Regulation 31(4) of the SEBI (SAST) Regulations, 2011. The filing confirms that the promoter and promoter group, including persons acting in concert, did not create any direct or indirect encumbrance on their shares during the financial year ended March 31, 2026. This is a routine annual compliance disclosure intended to provide transparency regarding promoter share pledging. It indicates that no new debt-related liens were placed on the promoter's equity stake during the period.
- Declaration made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoter group confirms zero new encumbrances or pledges on shares for the financial year ended March 31, 2026.
- The disclosure was submitted by Vision Textile, an entity within the promoter group, on May 21, 2026.
Indus Fila Limited reported zero revenue from operations for the entire fiscal year ending March 31, 2026. The company posted a net loss of ₹257.40 Lakhs, which widened from the ₹228.88 Lakhs loss reported in the previous year. High finance costs of ₹183.01 Lakhs continue to be the primary driver of losses despite the lack of any operational income. Most critically, the company's net worth is deeply negative at -₹1327.61 Lakhs, indicating severe financial distress and potential insolvency risks.
- Revenue from operations remained at zero for the full year and the quarter ended March 31, 2026.
- Annual net loss widened to ₹257.40 Lakhs in FY26 from ₹228.88 Lakhs in FY25.
- Finance costs of ₹183.01 Lakhs represent the largest expense, despite no business activity.
- Company reported a deeply negative net worth of -₹13.28 Crore as of March 31, 2026.
- Total liabilities of ₹26.07 Crore significantly exceed total assets of ₹12.79 Crore.
Indus Fila Limited has announced a change in its statutory auditors effective April 29, 2026. The previous auditor, M/s. Tolwani & Associates, resigned citing pre-occupation with other assignments, despite being appointed only in September 2025 for a term until 2029-30. The Board has appointed M/s. CAAG & Associates, a firm with 24 years of experience, to fill the casual vacancy for FY 2025-26. This transition occurs as the company prepares to finalize its annual financial results for the fiscal year.
- M/s. Tolwani & Associates resigned as Statutory Auditors effective April 29, 2026.
- The outgoing auditor resigned just 7 months after their appointment on September 30, 2025.
- M/s. CAAG & Associates appointed to conduct the audit for FY 2025-26.
- The new auditing firm was established in 2002 and has over 24 years of experience in financial solutions.
- The resignation was attributed to 'pre-occupation with other assignments' with no other material reasons cited.
Indus Fila Limited has announced the resignation of its statutory auditor, M/s. Tolwani & Associates, effective April 29, 2026, citing pre-occupation with other assignments. The outgoing auditor had only been in the role since September 30, 2025, and was originally scheduled to serve until 2029-30, making this an early exit. In response, the Board has appointed M/s. CAAG & Associates, a firm with 24 years of experience, to fill the casual vacancy for FY 2025-26. This change occurs at a critical time as the company prepares to finalize its annual financial statements.
- Statutory Auditor Tolwani & Associates resigned effective April 29, 2026
- Outgoing auditor served less than 1 year of a term originally scheduled to end in 2029-30
- M/s. CAAG & Associates appointed to conduct the audit for FY 2025-26
- New auditor firm established in 2002 with over 24 years of experience in statutory and bank audits
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