Patspin India Ltd — Board Meeting, 30-05-2025: Board Meeting

Patspin India Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported a total income of Rs 11.56 crore for the quarter and Rs 48.83 crore for the year. It posted a net loss of Rs 2.49 crore for the quarter and Rs 9.79 crore for the year, with comprehensive losses of Rs 2.71 crore and Rs 10.01 crore respectively. The company continues job work operations amid liquidity stress but plans to resume its own cotton yarn manufacturing at its Palakkad plant, aiming for improved profitability through debt restructuring and cost rationalization. An interest-free advance of Rs 14.58 crore from promoters has been recognized following adjustments with GTN Textiles Ltd. The Board has appointed Vanna & Varma as internal auditors for FY 2025-26. The statutory auditor issued an unmodified opinion, while highlighting material uncertainty regarding the company’s ability to continue as a going concern, mitigated by a viable debt restructuring plan under lender review.