Eastern Silk Industries Limited — Board Meeting, 31-05-2025: Outcome of Board Meeting

Eastern Silk Industries has announced a board meeting on approval of the financial results for the quarter and half-year. The company posted a net profit of ₹3.96 Cr on total income of ₹25.49 Cr. Under its NCLT-approved resolution plan, it received the first two recovery fund tranches, but the final ₹39.72 Cr tranche is pending, raising questions about timely receipt and going concern. The company made significant accounting adjustments worth ₹113.68 Cr, including liability extinguishments and asset write-offs, which improved capital reserves and retained earnings.