Dhanlaxmi Fabrics Limited has announced its Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026. The company reported a profit of ₹95.72 lakh for the quarter. Concurrently, Dhanlaxmi Fabrics has accepted the resignation of its statutory auditors, RHAD & Co., and the statutory auditors of its material subsidiary, DHANESH FABRICS PRIVATE LIMITED, with effect from November 14, 2026. The reasons cited for the resignation indicate that the continuation of the audit engagement is no longer commercially viable.
Financial Performance for Q2 2026
Dhanlaxmi Fabrics Limited has disclosed its Unaudited Standalone Financial Results for the quarter and six months that concluded on September 30, 2026. A key highlight from these results is the reported profit before tax of ₹95.72 lakh for the current quarter. This financial outcome was considered and approved by the Board of Directors during their meeting held on November 14, 2026.
Auditor Resignation Announced
In a significant corporate development, Dhanlaxmi Fabrics Limited has accepted the resignation of its statutory auditors, RHAD & Co. The auditors have resigned from their position for both the parent company, Dhanlaxmi Fabrics Limited, and its material subsidiary, DHANESH FABRICS PRIVATE LIMITED. The resignation is effective from November 14, 2026. The detailed reasons provided by the auditors indicate that the continuation of the audit engagement is no longer commercially viable for their firm.
The company stated that there are neither any concerns raised by the resigning auditor regarding the management nor any material reason for the resignation. Consequently, the Audit Committee did not deliberate on the matter, and its view disclosure is not applicable.
Consolidated Financials Also Released
In addition to the standalone results, the company also released its Unaudited Consolidated Financial Results for the same period. The consolidated statement shows a profit before tax of ₹46.97 lakh for the quarter ended September 30, 2026. Similar to the standalone results, these consolidated figures were also approved by the Board of Directors.
Balance Sheet and Cash Flow Updates
The company’s Unaudited Standalone Balance Sheet as of September 30, 2026, indicates total assets amounting to ₹4,872.88 lakh. The Unaudited Standalone Cash Flow Statement for the six months ended September 30, 2026, shows a net cash flow from operating activities of ₹169.19 lakh.
The consolidated balance sheet as of the same date shows total assets of ₹5,978.10 lakh. The consolidated cash flow statement for the six months ended September 30, 2026, reflects a net cash used in operating activities of (₹535.95 lakh).
Auditor’s Review Report
RHAD & Co., the resigning statutory auditors, have provided their Independent Auditor’s Review Report on the Unaudited Standalone Financial Results. They confirmed that nothing has come to their attention that causes them to believe that the accompanying Statement, prepared in accordance with Indian Accounting Standards, contains any material misstatement.
Source: BSE
