KG Denim Ltd — Board Meeting, 30-05-2025: Board Meeting

K G Denim Limited has announced a board meeting to consider the financial results for the quarter and half-year ending March 31, 2025. The Board approved the audited standalone and consolidated results, with auditors giving an unmodified opinion. The company reported significant outstanding trade payables of Rs 105.99 Cr, including Rs 22.52 Cr overdue, with some creditors serving legal notices. Management is negotiating settlements and expects favorable resolution. The holding company has entered a loan restructuring agreement with consortium lenders, excluding dissent from one bank and one NBFC. The group sold 11.58 acres of non-factory land for Rs 5 Cr, with Rs 3.01 Cr adjusted against loans. Repayments under the restructuring plan will start from March 2026. Despite operational challenges and losses, financial statements are prepared on a going concern basis, supported by the restructuring and expected business revival.