Akshar Spintex Limited — Board Meeting, 10-05-2025: Outcome of Board Meeting

Akshar Spintex Limited has announced a board meeting on 10th May 2025, approving the audited standalone financial results for the quarter and year ended March 31, 2025. The company posted a net loss of Rs. 444.81 lakhs for the year, down from a profit of Rs. 345.51 lakhs last year, with revenues falling to Rs. 11,676.91 lakhs from Rs. 17,495.51 lakhs. Elevated operating costs weighed on earnings. The balance sheet was bolstered by a rights issue last year, bringing equity to Rs. 78.75 Cr. Cash position improved to Rs. 2.80 Cr. No dividends or new strategic moves were disclosed.