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Visagar Polytex Ltd Interim / Quarterly Report 2026
63430_rns_2026-05-29_14123444-d649-4c3e-98fa-053fd99e1a34.pdf
Interim / Quarterly Report
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VISACAR
you dream. we create.
Date: 29th May, 2026
To,
| The Manager
BSE Limited
Corporate Relationship Department
P.J Towers, Dalal Street, Fort, Mumbai -400001 | The National Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051 |
| --- | --- |
| BSE Scrip ID – VIVIDHA
BSE Scrip Code - 506146 | ISIN Code- INE370E01029
NSE Scrip code - VIVIDHA |
Sub.: Outcome of Board Meeting held on Friday, 29th May, 2026
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and other applicable provisions, if any, We would like to inform you that the meeting of the Board of Directors of Visagar Polytex Limited held today i.e. Friday, 29th May, 2026 inter-alia has considered and approved the following businesses:
- Audited financial results for the quarter and year ended March 31, 2026 of the company along with Audit Report are enclosed herewith for information and record;
- Re-appointment of Mr. Lakhpat M. Trivedi as an Internal Auditor of the Company for the financial year 2026-27.
Details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are enclosed herewith.
Please note that in terms of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company will open after 48 hours of the results are made public on Friday, 29th May, 2026.
Also please note that the Board meeting commenced at 4.30 p.m. to conclude at 5.20 p.m.
Kindly take the same on your record.
Thanking You
For Visagar Polytex Limited
Tilokchand Kothari
Managing Director
DIN: 00413627
VISAGAR POLYTEX LIMITED
907/908, Dev Plaza, S. V. Road, Opp. Andheri Fire Station, Andheri (W), Mumbai-400058, Maharashtra
Tel. No. 022-4603 7495 Email ID: [email protected] Website: www.visagarpolytex.in
CIN: L65990MH1983PLC030215
VISAGAR
VISAGAR POLYTEX LIMITED
you dream. we create.
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026
| (Amount in Lakhs) | ||||||
|---|---|---|---|---|---|---|
| Sr. No. | PARTICULARS | QUARTER ENDED | YEAR ENDED | |||
| 31/03/2026 | 31/12/2025 | 31/03/2025 | 31/03/2026 | 31/03/2025 | ||
| AUDITED | UN-AUDITED | AUDITED | AUDITED | AUDITED | ||
| 1 | Income | |||||
| a) | Revenue from Operations | 0 | 0.67 | 0 | 11.52 | 0 |
| b) | Other Income | 0.45 | 0 | 1.51 | 0.94 | 1.51 |
| Total Income (a+b) | 0.45 | 0.67 | 1.51 | 12.46 | 1.51 | |
| 2 | Expenses | |||||
| a) | Cost of Materials Consumed | 0 | 0.00 | 0 | 0.00 | 0 |
| b) | Purchase of stock -in-trade | 0 | 0.60 | 0 | 0.60 | 0 |
| c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade. | 0 | -0.60 | 0 | 8.13 | 0 |
| d) | Employees benefits expenses | 2.05 | 1.61 | 2.12 | 7.81 | 7.33 |
| e) | Finance Costs | 21.34 | 6.32 | 10.82 | 43.24 | 50.25 |
| f) | Depreciation and amortisation expenses | 11.33 | 12.06 | 40.48 | 49.91 | 64.38 |
| g) | Other Expenses | 16.07 | 2.43 | 9.54 | 64.46 | 57.68 |
| Total Expenditure (a+b+c+d+e+f+g) | 50.79 | 22.42 | 62.96 | 174.15 | 179.64 | |
| 3 | Profit / (Loss) from Ordinary activities before exceptional items and tax (1-2) | (50.34) | (21.75) | (61.45) | (161.69) | (178.13) |
| 4 | Exceptional items | 0 | 0 | 0 | 0 | 0 |
| 5 | Profit / (Loss) from ordinary activities before tax (3-4) | (50.34) | (21.75) | (61.45) | (161.69) | (178.13) |
| 6 | Tax expenses - Current tax | 0 | 0 | 0 | 0 | 0 |
| - Deferred tax | 7.97 | 0 | 11.73 | 7.97 | 11.73 | |
| Total tax | 7.97 | 0 | 11.73 | 7.97 | 11.73 | |
| 7 | Net profit/(Loss) for the period from continuing operations (5-6) | (42.37) | (21.75) | (49.72) | (153.72) | (166.40) |
| 8 | Profit/(Loss) from discontinued operations | 0 | 0 | 0 | 0 | 0 |
| 9 | Tax expense of discontinued operations | 0 | 0 | 0 | 0 | 0 |
| 10 | Profit/(Loss) from discontinued operations after tax (8-9) | 0 | 0 | 0 | 0 | 0 |
| 11 | Profit/(Loss) for the period(7+10) | (42.37) | (21.75) | (49.72) | (153.72) | (166.40) |
| 12 | Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| 13 | Total Comprehensive Income | (42.37) | (21.75) | (49.72) | (153.72) | (166.40) |
| 14 | Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| 15 | Paid-up equity share capital (Rs.Lacs) | 2,927.01 | 2,927.01 | 2,927.01 | 2,927.01 | 2,927.01 |
| 16 | Earnings Per Share (for continuing and discontinued operations) (In RS.) | |||||
| a) Basic | (0.01) | (0.01) | (0.02) | (0.05) | (0.06) | |
| b) Diluted | (0.01) | (0.01) | (0.02) | (0.05) | (0.06) | |
Place : Mumbai
Date: 29/05/2026
For Visagar Polytex Limited
VISAGAR POLYTEX LIMITED
Regd. Off.: 907/908, Dev Plaza, S.V. Road, Andheri (W), Mumbai 400 058. Tel.: (022) 67424815
Email.: [email protected] Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215
VISAGAR
VISAGAR POLYTEX LIMITED
you dream. we create.
Audited Standalone Statement of Assets & Liabilities as at March 31, 2026
(Amount In Lakhs)
| Particulars | Year Ended March 31, 2026 | Year Ended March 31, 2025 | |
|---|---|---|---|
| A | ASSETS | ||
| 1 | Non-current assets | ||
| a | Property, Plant and Equipment | 190.51 | 240.41 |
| b | Intangible Assets | - | - |
| c | Financial Assets | ||
| i) Investments | 0.26 | 0.26 | |
| ii) Loans | (14.20) | 7.80 | |
| d | Deferred tax assets (net) | 32.42 | 24.46 |
| e | Other Non-Current Assets | - | - |
| Total Non-Current Assets | 208.99 | 272.93 | |
| 2 | CURRENT ASSETS | ||
| a | Inventories | 189.29 | 197.42 |
| b | Financial Assets | - | - |
| i) Investments | - | - | |
| ii) Trade receivables | 88.55 | 172.34 | |
| iii) Cash and cash equivalents | 17.49 | 0.02 | |
| iv) Other Balances with Banks | - | - | |
| v) Other Financial Assets | 29.33 | 66.60 | |
| c | Other Current Assets | 67.04 | 18.27 |
| Total Current Assets | 391.70 | 454.65 | |
| TOTAL ASSETS (1+2) | 600.69 | 727.58 | |
| B | EQUITY AND LIABILITIES | ||
| 1 | Equity | ||
| a | Equity Share capital | 2,927.01 | 2,927.01 |
| b | Other Equity | - | - |
| i) Reserves & Surplus | (3,089.53) | (2,935.68) | |
| c | Forfeiture reserve | 121.80 | 121.80 |
| Total Equity | (40.72) | 113.13 | |
| 2 | Non-Current Liabilities | ||
| a | Financial Liabilities | ||
| i) Borrowings | 629.14 | 635.09 | |
| ii) Other Financial Liabilities | - | - | |
| b | Provisions | - | - |
| c | Deferred Tax Liabilities (Net) | - | - |
| Total Non-Current Liabilities | 629.14 | 635.09 | |
| 3 | Current Liabilities | ||
| a | Financial Liabilities | ||
| i) Borrowings | - | - | |
| ii) Trade Payables | 0.70 | (20.64) | |
| iii) Other Financial Liabilities | - | - | |
| b | Provisions | - | - |
| c | Current Tax Liabilities | 1.36 | - |
| d | Other Current Liabilities | 10.21 | - |
| Total Current Liabilities | 12.27 | (20.64) | |
| TOTAL- EQUITY & LIABILITIES (1+2+3) | 600.69 | 727.58 |
For Visagar Polytex Limited
Place: Mumbai
Date: 29/05/2026
VISAGAR POLYTEX LIMITED
Chairman & Managing Director
Regd. Off.: 907/908, Dev Plaza, S.V. Road, Andheri (W), Mumbai 400 058. Tel.: (022) 67424815
Email: [email protected] Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215
VISAGAR
you dream. we create.
| VISAGAR POLYTEX LIMITED Statement of Audited Standalone Cash Flow for the year Ended March 31, 2026 (Amount In Lakhs) | |||
|---|---|---|---|
| 31.03.2026 | 31.03.2025 | ||
| PROFIT BEFORE TAX | (161.69) | (178.13) | |
| Misc Income | 0 | 0 | |
| DEPR | 49.91 | 64.38 | |
| OPERATING PROFIT BEFORE | (111.78) | (113.75) | |
| CHANGE IN WORKING CAPITAL | |||
| OTHER NON CURRENT INVESTMENTS | 0 | 0 | |
| Non current financial loan assets | 22.00 | 0 | |
| Other non current assets | 0 | 0 | |
| Inventories | 8.13 | 0 | |
| Trade receivable | 83.79 | 140.00 | |
| Current financial loan assets | (2.60) | 11.26 | |
| Other current assets | 18.27 | 31.56 | |
| Current tax assets | (27.18) | - | |
| Current financial borrowing | (5.94) | 14.47 | |
| Trade payables | 10.82 | (6.71) | |
| Other financial liabilities | 20.63 | 0 | |
| Other current liabilities | 1.33 | 0 | |
| Net change in working capital | 129.24 | 190.58 | |
| Income tax payable | 0 | 0 | |
| Cash flow from operating activities | A | 17.47 | 76.83 |
| Sale of Intangible Asset | 0 | 0 | |
| Advances Amount Recovered | 0 | 0 | |
| Sale of property plant and equipment | 0 | (26.56) | |
| Cash flow from investing activities | B | 0.00 | (26.56) |
| Unpaid dividend | 0 | 0 | |
| Borrowings | 0 | 0 | |
| Cash flow from financing activities | C | 0.00 | (50.25) |
| A+B+C | 17.47 | 0.02 | |
| cash op.balance | 0.02 | 0.04 | |
| cash cl. Balance | 17.49 | 0.02 | |
| For Visagar Polytex Limited Place: Mumbai Date: 29/05/2026 Thebechand Kothari Chairman & Managing Director DIN: 00413627 VISAGAR POLYTEX LIMITED |
Regd. Off.: 907/908, Dev Plaza, S.V. Road, Andheri (W),Mumbai 400 058.Tel.: (022) 67424815
Email.: [email protected] Website: www.visagarpolytex.in CIN: L65990MH1983PLC030215
302, 3rd Floor, Kapadia Chambers, 599, J.S.S. Road, Chira Bazar, Marine Lines, Mumbai - 400 002.
+91 90046 08833 [email protected]
BHATTER & ASSOCIATES
CHARTERED ACCOUNTANTS
Independent Auditor's Report on Quarterly and Year to date standalone Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Visagar Polytex Limited
Report on the Audit of Financial Results
Opinion
-
We have audited the accompanying statement of quarterly and year to date standalone financial results of Visagar Polytex Limited (“the Company”), for the quarter and year ended on March 31, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulation”)
-
In our opinion and to the best of our information and according to the explanations given to us, the standalone financial results:
(i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
(ii) (give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of net loss and other comprehensive loss and other financial information of the Company for the year ended March 31, 2026, and the standalone Balance Sheet and the standalone statement of cash flows as at and for the year ended on that date.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key Audit Matters
- Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial result of the current period. These matters were addressed in the context of our audit of the financial result as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. There are no key audit matters to be communicated in our report.
B HATTER AND ASSOCIATES
302, 3rd Floor, Kapadia Chambers, 599, J.S.S. Road, Chira Bazar, Marine Lines, Mumbai - 400 002.
+91 90046 08833 [email protected]
BHATTER & ASSOCIATES
CHARTERED ACCOUNTANTS
Board of Directors’ Responsibility for the Financial Results
-
These standalone financial results have been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of the standalone financial results that give a true and fair view of the net loss and other comprehensive loss and other financial information of the Company and the standalone Balance Sheet and the standalone statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the standalone financial results by the Directors of the Company, as aforesaid.
-
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
-
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Results
-
Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.
-
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are
BHATTER & ASSOCIATES
LONDON
MASSACHUSETTS
302, 3rd Floor, Kapadia Chambers, 599, J.S.S. Road, Chira Bazar, Marine Lines, Mumbai - 400 002.
+91 90046 08833 [email protected]
BHATTER & ASSOCIATES
CHARTERED ACCOUNTANTS
-
also responsible for expressing our opinion on whether the company has adequate internal financial controls systems in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
-
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
- The Standalone Financial Results include the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For M/s. Bhatter and Associates
Chartered Accountants
Firm Registration No. 131411W
CA Gopal Bhatte
Partner
M. No. 411226
Place: Mumbai
Date: 29.05.2026
UDIN: 26411226JODZQK2172
VISACAR
you dream. we create.
Annexure – A
Details under Part A of Schedule III of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
| Sr. No. | Details of Information required to be Provided | Information of such events |
|---|---|---|
| 1 | Name | Mr. Lakhpat M. Trivedi |
| 2. | Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise | Re-Appointment of Mr. Lakhpat M. Trivedi as Internal Auditor of the Company for Financial Year 2026-2027. |
| 3. | Date of Appointment | 29-05-2026 |
| Terms of Appointment | Other terms of appointment are as per the appointment letter. | |
| 4. | Brief Profile | Mr. Lakhpat M. Trivedi has more than 20 years of experience in doing statutory Audit and internal Audit, filing various returns. |
| 5. | Disclosure of relationships between directors (in case of appointment of a director). | Not Applicable |
| 6. | Shareholding in the Company | Nil |
VISAGAR
you dream. we create.
Date: 29th May, 2026
To,
| The Manager
BSE Limited
Corporate Relationship Department
P.J Towers, Dalal Street, Fort, Mumbai -400001 | The National Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051 |
| --- | --- |
| BSE Scrip ID – VIVIDHA
BSE Scrip Code - 506146 | ISIN Code- INE370E01029
NSE Scrip code - VIVIDHA |
Sub.: Declaration pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to the provision of Regulation 33 (3) (d) of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 as amended by SEBI Notification No. SEBI/LAD-NRO/GN/2016-17/001 dated May 25, 2016 read with SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016; we hereby declared that the Statutory Auditors of the Company M/s. Bhatter & Associates, Chartered Accountants, Mumbai (Firm Registration No. 131411W) have issued the Audit Reports with Unmodified Opinion in respect of the Audited Financial Results for the quarter & year ended on March 31, 2026.
Kindly take the same on your record.
Thanking you,
Yours faithfully,
For Visagar Polytex Limited
TILOKCHA
ND
MANAKLAL
KOTHARI
Tilokchand Kothari
Managing Director
DIN: 00413627
VISAGAR POLYTEX LIMITED
907/908, Dev Plaza, S. V. Road, Opp. Andheri Fire Station, Andheri (W), Mumbai-400058, Maharashtra
Tel. No. 022-4603 7495 Email ID: [email protected] Website: www.visagarpolytex.in
CIN: L65990MH1983PLC030215