BSECompany Update21 Aug 2026 · 21 Aug 2026, 02:50 pm
Integrated Filing (Financials) for the three months ended June 30, 2026
Sri Lakshmi Saraswathi Textiles Arni Ltd-$ · 521161
✦ AI Summary▼ NegativeResults
Sri Lakshmi Saraswathi Textiles Arni Ltd has submitted its integrated filing for the three months ended June 30, 2026, with the BSE. The company has reported a loss of Rs 551.84 lakhs for the quarter, resulting in a continued negative net worth. The auditors have expressed a qualified opinion due to material uncertainty related to the company's ability to continue as a going concern, citing accumulated losses and non-payment of statutory dues.
Analysis Scores
Earnings Impact1/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk9/10
Liquidity Impact2/10
Market Sentiment1/10
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Sri Lakshmi Saraswathi Textiles Arni Ltd-$ - 521161 - Integrated Filing (Financials) For The Three Months Ended June 30, 2026
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RO/MS/SEC- 018 /2026-27 August 21, 2026
The Secretary
BSE Limited,
Phiroze Jeejeebhoy Towers
25th Floor, Dalal Street
MUMBAI 400 023
Dear Sir(s)/Madam(s),
Sub: Integrated Filing (Financials) for the three months ended June 30, 2026
Ref: Scrip Code: 521161
Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024,
read with BSE Circular No. 20250102-4 dated January 2, 2025, we are submitting herewith the
Integrated Filing (Financial) for the three months ended June 30, 2026.
The following disclosures have been made:
a) Financial Results - Enclosed
b) Statement on deviation or variation for proceeds of Public Issue, Rights Issue, Preferential Issue,
Qualified Institutions Placement etc. — Not Applicable
c) Disclosure of outstanding default on loans and debt securities - Not Applicable – The Company
does not have any outstanding default on loans and debt securities as on June 30, 2026.
d) Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e. 2nd and 4th
quarter) - Not Applicable-As per Regulation 15 (2) of LODR.
Company’s paid up capital is Rs.3.33 Crores and Other equity is Rs.125.61 Crores as on 31st March
2026 which includes Rs.210.71 Crores of Revaluation Reserve which is not taken for the calculation
of Net worth. Thus the actual Net worth is (-) Rs.85.10 Crores. Thus the company is not under
corporate governance provision under Regulation 27(2) of SEBI LODR.
e) Statement on impact of audit qualifications (for audit report with modified opinion) submitted along
with annual audited financial results (Standalone and Consolidated separately) (applicable only for
Annual Filing i.e., 4th quarter) – Details provided as per Annexure-2
Thanking you,
Yours faithfully,
For SRI LAKSHMI SARASWATHI
TEXTILES (ARNI) LIMITED
D. Krishnamoorthy
Company Secretary
RO/MS/SEC- 016 /2026-27 August 12, 2026
The Listing Department,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
MUMBAI 400 001
Dear Sir,
Sub: Unaudited quarterly and Three months results ended 30th June 2026 – submission of
clarification on the opinion expressed by Auditors in their Limited Review Report.
Ref: Company Code – 521161 ISIN – INE456D01010
The Auditors, in their Limited Review Report on the Statement of Unaudited Financial Results for the
first quarter ended 30th June 2026, have, inter alia, reported as under:
Quote
Basis for Qualified Opinion
1. Material Uncertainty Related to Going Concern: We draw attention to the fact that the
accumulated losses were Rs.10,514.05 Lakhs up to 31st March 2026 and the Company made
a Loss of Rs 551.84 Lakhs for the quarter ended 30th June 2026, resulting in a continued
negative net worth. These events, along with persistent losses over the last three years,
indicate that a material uncertainty exists that may cast significant doubt on the Company's
ability to continue as a going concern. However, the company's statement of Unaudited
Financial Results for the quarter ended as on 30th June, 2026 have been prepared using the
going concern basis of accounting, based on the opinion of the management that the
Company would generate sufficient profits in the foreseeable future.
2. Non-Remittance of Statutory Dues: The Company has not been regular in depositing
undisputed statutory dues with the appropriate authorities during the financial year. On a
consolidated basis across the Company's divisions, we draw attention to the following non-
compliances:
a) Employees' State Insurance (ESI): As at June 30, 2026, consolidated ESI contributions
aggregating to Rs.5.24 lakhs, pertaining to the period from October 2025 to June 2026,
remained outstanding. Accordingly, a cumulative provision for interest of Rs.0.19 lakhs was
recognized in the books of accounts as at the quarter-end. As at the date of this report, the
principal balance of Rs.5.24 lakhs and corresponding accumulated interest of Rs. 0.26 lakhs
remain unpaid.
b) Employees' Provident Fund (EPF): As at June 30, 2026, consolidated EPF dues
aggregating to Rs.149.10 lakhs for the period from August 2024 to June 2026 remained
outstanding. Subsequent to the reporting period, the company remitted Rs.8.93 Lakhs of
Provident fund and Interest and damages of Rs.1.07 Lakhs on July 17th, 2026. Provisions for
interest and damages amounting to Rs.12.80 lakhs and Rs.13.34 lakhs, respectively, were
recognized as at June 30, 2026. As at the date of this report, the principal amount of
Rs.140.17 lakhs remains unpaid, along with accumulated interest and damages of Rs.14.27
lakhs and Rs.14.67 lakhs, respectively. This however, does not include unpaid ESI for
employees in the garments division, the amount for which, was not available for our
verification.
c) Tax Deducted at Source (TDS) & Tax Collected at Source (TCS): TDS and TCS
aggregating to Rs.22.83 lakhs, deducted/collected during the period from May 2025 to June
2026, were not deposited within the prescribed statutory timelines. Provisions for interest
amounting to Rs.2.47 lakhs, were recognized as at June 30, 2026. As at the date of this
report, the principal amount of Rs.22.83 lakhs and accumulated interest of Rs.2.97 lakhs
remain outstanding.
The non-payment of these dues constitutes a contravention of the respective statutory acts.
Furthermore, the financial statements do not fully reflect the potential impact of further escalation of
penalties or the legal ramifications arising from such long-term defaults, the quantum of which is
currently unascertainable but considered material to the financial obligations of the Company.
Emphasis of Matter
We draw attention to the following matters :
An advance amounting to Rs.21.40 lakhs and Rs.13.18 lakhs made by the Company for the
purchase of machinery and for the purchase of ring frames. As disclosed, this capital
advance has remained outstanding for more than three years and no confirmation of balance
has been obtained.
Our opinion is not modified in respect of these matters.
Unquote
Management’s View:
For the above-mentioned observations of the Auditors, the Company provides the following
reasons and clarifications.
1. Going Concern Principle
Subsequent to the various measures taken by the management, wherein the cost of production,
administrative expenses were controlled to the maximum extent there by, there is a sizable reduction
in the losses for the previous 2 – 3 quarters. The Company did revaluation and taken the current
actual value of the Fixed Assets into the books of accounts. The management is of the view and
hopeful that the Company will generate necessary cash flows for making statutory payments in the
ensuing quarters. Further, the recent FTAs signed by the Government with the EU and the USA,
along with the impetus provided by the Union Budget 2026, are expected to enhance the turnover
during FY 2026–27.
2. Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI)
There is an amount of Rs.149.10 lakhs towards Employees’ Provident Fund (EPF) contributions and
Rs.5.24 lakhs towards Employees’ State Insurance (ESI) contributions, aggregating to Rs.154.34
lakhs, pertaining to the period from October 2025 to June 2026, remains outstanding. Necessary
provisions of Rs.0.19 lakhs towards interest has been made as at the quarter-end. The garment
section commenced operations recently, and labour was initially engaged on a temporary basis.
Subsequently, the department has stabilised, and the necessary statutory deductions towards PF and
ESI contributions will be made and regularised from the current quarter onwards. We expect these
statutory payments will made in the coming quarters.
3. Tax Deducted at Source (TDS)
An amount of Rs.22.83 lakhs, including applicable interest, towards TDS/ TCS is outstanding and will
be remitted to the appropriate authorities in the coming quarters.
Thanking you,
Yours faithfully,
For SRI LAKSHMI SARASWATHI
TEXTILES (ARNI) LIMITED
(BALAKRISHNA S)
MANAGING DIRECTOR &
CHIEF EXECUTIVE OFFICER
DIN: 00084524