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Modella Woollens Ltd
| Standalone Audited Results for the Quarter and Year Ended March 31, 2026
Report Source
⬤29th Apr 26
Summary : Modella Woollens Limited reported significant losses and negative equity for FY26, with an unmodified audit opinion.
Quarterly Report Analysis & Insights
Financial Disclosures
- Total expenses: 26.82 Lakhs (FY26), 23.97 Lakhs (FY25).
- Employees benefit expenses: 7.67 Lakhs (FY26), 6.96 Lakhs (FY25).
- Other Expenditure: 19.11 Lakhs (FY26), 16.98 Lakhs (FY25).
- Total Income: 6.88 Lakhs (FY26), 6.67 Lakhs (FY25).
- Other Income: 6.88 Lakhs (FY26), 6.67 Lakhs (FY25).
- Net cash flow from operating activities: (15.55) Lakhs (FY26), (18.24) Lakhs (FY25).
- Net cash flow used in investing activities: (1.56) Lakhs (FY26), (0.20) Lakhs (FY25).
- Cash and cash equivalents at year end: 0.50 Lakhs (FY26), 17.62 Lakhs (FY25).
- Total Assets: 4.96 Lakhs (Mar 2026), 22.74 Lakhs (Mar 2025).
- Total Equity: (53.28) Lakhs (Mar 2026), (33.33) Lakhs (Mar 2025).
- Share Capital: 91.00 Lakhs (Mar 2026), 91.00 Lakhs (Mar 2025).
- Standalone financial results.
Corporate Overview
- Registered office in Mumbai, India.
- Consistent net losses and negative equity position.
- Company name suggests woollens business, but financials show minimal operational revenue.
- Formal and compliant with regulatory requirements.
- Primarily 'Other Income' reported as revenue.
Risk Factors
- Consistent net losses reported.
- Significant negative equity position.
- Declining cash and cash equivalents.
- Low revenue from core operations.
Key Drivers
- Unmodified audit opinion received.
- Strong regulatory compliance maintained.
- Board actively oversees financial reporting.
- Potential for future investment income.
Auditor’s Report
- Unmodified Opinion
- Assessment of material misstatement risks.
- Evaluation of internal financial controls.
- Conclusion on going concern basis of accounting.
Board Commentary
- Negative equity and consistent financial losses.
- No specific legal or regulatory issues reported.
Corporate Governance
- Audit Committee reviewed the financial results.
Management Discussion & Analysis
Performance Drivers
- Company reported significant losses for the period.
Critical Risks
- Auditor considered the company's going concern assumption.