SVP GLOBAL TEXTILES LIMITED — Board Meeting, 31-05-2025: Outcome of Board Meeting

SVP Global Textiles has announced a board meeting outcome approving the financial results for the quarter and half-year. Consolidated revenue was ₹12.37 Cr for the quarter and ₹92.21 Cr for the year, with a consolidated loss of ₹779.43 Cr for the year, which includes a ₹290 Cr exceptional gain. Standalone business reported a net loss of ₹9.96 Cr. The company is undergoing a resolution process for two subsidiaries, with creditors greenlighting a plan. Key audit appointments for cost, secretarial, and internal audits were made, signaling a push towards better compliance and restructuring.