Board approves unaudited standalone Q2 FY27 results; auditor's review unmodified with two emphasis of matter
Board meeting (12.10.2026) approved unaudited standalone results for the quarter and half year ended 30.09.2026.
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 55.22 | 963.92 | −94.3% | 499.88 | −89% |
| Total income | 55.91 | 997.17 | −94.4% | 504.04 | −88.9% |
| Profit before tax | (128.00) | (85.46) | −49.8% | (101.35) | −26.3% |
| Profit after tax | (116.01) | (81.84) | −41.8% | (96.61) | −20.1% |
| Total comprehensive income | (115.97) | (79.28) | −46.3% | (92.84) | −24.9% |
| Basic EPS | (0.10) | (0.07) | −42.9% | (0.08) | −25% |
- Total Income YoY Change
- −94.4%
- Period
- Quarter Ended (30.9.2026)
Auditor's review
Conclusion: Unmodified
- Emphasis of Matter: Note 4 - Final order of Merger & Amalgamation of Rudra Ecovation Ltd with Shiva Texfabs Limited pronounced by Hon'ble NCLT, Chandigarh on 16th September, 2026.
- Emphasis of Matter: Note 6 - redemption of 7,80,000 4% Non-Cumulative Redeemable Preference Shares of Rs.100 each extended from 31.08.2026 to 31.08.2027; shown under current other financial liabilities.
Notes to the results
- Final order of Merger & Amalgamation of Rudra Ecovation Ltd with Shiva Texfabs Ltd pronounced by Hon'ble NCLT, Chandigarh on 16th September, 2026.
- Redemption of 7,80,000 4% Non-Cumulative Redeemable Preference Shares of Rs.100/- each extended from 31.8.2026 to 31.8.2027 per special resolution at preference shareholders' EGM on 24.08.2026.
What the board approved
- Unaudited standalone financial results for the quarter and half year ended 30 September 2026.
- The cash flow statement and statement of assets and liabilities for the same period.
- The Limited Review Report from Manjul Mittal & Associates, Chartered Accountants, the statutory auditors.
Auditor's review conclusion
The limited review report carries an unmodified conclusion. The auditor states that nothing has come to their attention that causes them to believe the statement is not prepared in accordance with applicable accounting standards, is not in the required disclosure form, or contains any material misstatement. Two items are drawn attention to as Emphasis of Matter, and the auditor says the conclusion is not modified in respect of these matters.
Quarter figures (standalone, amounts in lakhs)
- Revenue from operations: 55.22 in the quarter ended 30.09.2026, against 499.98 in the quarter ended 30.06.2026 and 963.92 in the quarter ended 30.09.2025.
- Total income: 55.91, against 504.04 and 997.17.
- Total expenses: 183.91, against 605.39 and 1,082.63.
- Profit/(loss) before tax: (128.00), against (101.35) and (85.46).
- Net Profit (Loss) for the period: (116.01), against (96.61) and (81.04).
- Basic and Diluted EPS: (0.10) and (0.10), against (0.08) and (0.07) in the year-ago quarter.
Half year (six months ended 30.09.2026)
- Revenue from operations: 555.10
- Total income: 559.95
- Net Profit (Loss) for the period: (212.61)
- Total Comprehensive Income for the period: (208.80)
Balance sheet as at 30.09.2026
- Total assets: 13,692.40 lakh, against 13,864.92 lakh as at 31.03.2026.
- Equity share capital: 1,193.28 lakh; Other equity: 10,529.74 lakh.
Merger
Note 4 records that the Final order of Merger & Amalgamation of Rudra Ecovation Ltd with Shiva Texfabs Ltd has been pronounced by Hon'ble NCLT, Chandigarh on 16th September, 2026.
Preference shares
Note 6 records that the company issued 12,00,000 4% Non-Cumulative Redeemable Preference Shares of Rs. 100/- each on 31.08.2009, out of which 70%, that is 7,80,000 4% NCRPS, were due for redemption on 31.08.2026. Pursuant to a special resolution passed at the Extraordinary General Meeting of preference shareholders held on 24.08.2026, the redemption period has been extended from 31.08.2026 to 31.08.2027. There is no change in the rate of dividend or other terms and conditions of the preference shares except the revised redemption schedule. These are shown under other financial liabilities under the head current liabilities.
Cash flow, half year ended 30.09.2026
- Net cash from/used in operating activities: 7.84 lakh, against 67.68 lakh a year earlier.
- Net cash from/used in investing activities: 40.34 lakh, against 0.74 lakh.
- Net cash from/used in financing activities: (50.63) lakh, against (69.73) lakh.
- Closing cash and cash equivalents: 4.17 lakh, against 10.21 lakh.
Other notes
- The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 12th October, 2026.
- The company is primarily in the business of manufacturing and sale of textile products (yarns and fabrics), and reports as a single segment.
- The figures for the quarter ended 30.09.2026 and 30.09.2025 are balancing figures.
How to read this
The standalone numbers show a loss at both the profit before tax and net profit lines for the quarter and the half year, with revenue from operations lower than in the preceding quarter and in the year-ago quarter. The auditor's review conclusion is unmodified, and the two matters highlighted relate to the merger order and the extended preference share redemption date. Investors may want to track these two structural events alongside the quarterly numbers.
Also from Rudra Ecovation
Board Meeting on 12.10.2026 to Consider Un-Audited Financial Results for Q2/H1 FY2026
6 Oct 2026
More numbers
- Revenue from operations, quarter ended 30.09.202655.22 (Rs. in lakhs)
- Total income, quarter ended 30.09.202655.91 (Rs. in lakhs)
- Total expenses, quarter ended 30.09.2026183.91 (Rs. in lakhs)
- Net Profit (Loss) for the period, quarter ended 30.09.2026(116.01) (Rs. in lakhs)
- Total assets as at 30.09.202613,692.40 (Rs. in lakhs)
- Net cash from/used in operating activities, half year ended 30.09.20267.84 (Rs. in lakhs)
- 4% Non-Cumulative Redeemable Preference Shares issued12,00,000
- 4% NCRPS due for redemption on 31.08.2026 (70% of the issue)7,80,000
- Total income, latest quarter55.91 (Rs. in Lakhs)
- Total income, year-ago quarter997.17 (Rs. in Lakhs)
- Total income, previous quarter504.04 (Rs. in Lakhs)
- Total comprehensive income, latest quarter(115.97) (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter(79.28) (Rs. in Lakhs)
- Total comprehensive income, previous quarter(92.84) (Rs. in Lakhs)
- Profit after tax, latest quarter(116.01) (Rs. in Lakhs)
- Profit after tax, year-ago quarter(81.84) (Rs. in Lakhs)
- Profit after tax, previous quarter(96.61) (Rs. in Lakhs)
- Revenue from operations, latest quarter55.22 (Rs. in Lakhs)
- Revenue from operations, year-ago quarter963.92 (Rs. in Lakhs)
- Revenue from operations, previous quarter499.88 (Rs. in Lakhs)
- Profit before tax, latest quarter(128.00) (Rs. in Lakhs)
- Profit before tax, year-ago quarter(85.46) (Rs. in Lakhs)
- Profit before tax, previous quarter(101.35) (Rs. in Lakhs)
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