Harish Textile Engineers Ltd — Results, 25-06-2025: Result

Harish Textile Engineers Limited has announced a board meeting on 25 June 2025, during which it approved the financial results for the quarter and half-year ended 31 March 2025, along with the Directors’ Report and Secretarial Audit Report. The board also decided to drop the previously planned Rights Issue and dissolved the related committee. The audited results show a marginal net profit of Rs. 23.55 lakh for the year, compared to a loss last year, with total income stable at around Rs. 132 crore. The company continues to face a liquidity crunch with negative net working capital of Rs. 21.40 Cr and has defaulted on certain debenture repayments, relying on lender and vendor support along with funds from operations to meet obligations. A legal challenge questions the validity of a prior slump sale transfer; the company is pursuing legal recourse. Interest liabilities on delayed MSME payments are not provided due to ongoing legal interpretation, leading to a qualified audit opinion. The company executed a MoU to return agricultural land to Agratha Enterprises due to pending land-use conversion. Cash flows from operations remain positive, but overall financial health signals tight liquidity and ongoing operational challenges.