Eastern Silk Industries Limited — Others, 14-08-2025: Appointment

Eastern Silk Industries' board approved the financial results for the quarter ended June 30, 2025. The company reported revenue of ₹6.73 Cr for the quarter, but posted a net loss of ₹0.19 Cr. Significantly, the company has fulfilled its resolution plan obligations. Its previous equity share capital of ₹15.79 Cr was extinguished, replaced by a new equity capital of ₹1 Cr issued as part of the plan. The final payment tranche to financial creditors has been disbursed. With obligations complete, management is now focused on reviving operations, expanding product lines, and entering new markets to improve margins and enhance long-term shareholder value. New Cost and Internal Auditors were also appointed.