Restile Ceramics Limited’s Board of Directors has approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The accompanying limited review report highlights a qualified conclusion from the auditors, M.S. Krishnaswami & Rajan, concerning the company’s ability to continue as a going concern. This is primarily due to negative operating cash flows and operating losses.
Board Approves Unaudited Financial Results
Restile Ceramics Limited announced the approval of its unaudited financial results for the quarter and half-year ended September 30, 2026, following a Board of Directors meeting held on November 14, 2026. The company submitted the results along with a limited review report as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor’s Qualified Conclusion on Going Concern
A significant aspect of the disclosure is the qualified conclusion provided by the independent auditors, M.S. Krishnaswami & Rajan. The auditors noted that the company has experienced negative operating cash flows, substantial operating losses, and significant deterioration in asset value. These factors collectively indicate a material uncertainty regarding the company’s ability to continue as a going concern for a reasonable period. The attached financial statements do not include adjustments that might result from these uncertainties.
Key Financial Highlights
The unaudited financial statement for the quarter and half-year ended September 30, 2026, shows a loss before tax of ₹20.38 lakhs for the quarter and a loss of ₹36.48 lakhs for the half-year. This contrasts with a profit before tax of ₹49.18 lakhs in the corresponding half-year of the previous year (ended September 30, 2025). Total comprehensive income for the quarter was also a loss of ₹20.34 lakhs.
Other Business Developments
The Board also considered and approved other businesses as per the circulated agenda. The company informed that the information is available on its website. The trading window for securities will reopen on November 16, 2026.
Auditor’s Review
The auditors’ review, conducted in accordance with the Standard on Review Engagements (SRE) 2410, confirmed that while the statement is prepared in accordance with Indian Accounting Standards, their review did not enable them to obtain assurance that they would become aware of all significant matters that might be identified in an audit. Their report is solely for the reporting of the Parent Company’s unaudited financial results.
Source: BSE
