Dhanlaxmi Fabrics Limited has announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The company reported a profit of ₹95.72 lakhs for the period. In a significant development, the statutory auditors, RHAD & Co., have resigned from their positions, effective November 14, 2026, citing that the continuation of the audit engagement is no longer commercially viable.
Dhanlaxmi Fabrics Announces Q2 Financial Results and Auditor Resignation
Dhanlaxmi Fabrics Limited has disclosed its unaudited financial results for the quarter and six months ended September 30, 2026. The Board of Directors, at its meeting held on November 14, 2026, considered and approved these results.
Financial Performance
The company reported a standalone profit of ₹95.72 lakhs for the quarter ended September 30, 2026. This compares to a loss of ₹34.87 lakhs in the same quarter of the previous year. For the six months ended September 30, 2026, the standalone profit stood at ₹60.85 lakhs, a notable improvement from a loss of ₹141.89 lakhs in the corresponding period of the prior year.
On a consolidated basis, Dhanlaxmi Fabrics reported a profit of ₹46.97 lakhs for the quarter ended September 30, 2026. This contrasts with a loss of ₹31.23 lakhs in the same quarter of the previous year. For the six months ended September 30, 2026, the consolidated profit was ₹15.73 lakhs, compared to a loss of ₹156.50 lakhs in the same period of the previous year.
Statutory Auditor Resignation
In a separate significant announcement, the company has accepted the resignation of its statutory auditor, RHAD & Co. The resignation is effective from November 14, 2026. The auditors stated that the continuation of the audit engagement is no longer commercially viable for their firm.
The resignation also impacts the statutory auditors of the company’s material subsidiary, Dhanesh Fabrics Private Limited, with RHAD & Co. also resigning from that role. The company confirmed that there are no concerns raised by the resigning auditors regarding the management, nor is there a material reason for the resignation beyond commercial viability. Consequently, no deliberation on the matter was required by the Audit Committee.
The Board meeting commenced at 05:00 p.m. and concluded at 05:50 p.m. on November 14, 2026.
Source: BSE
