Samtex Fashions Faces Insolvency Risk Amidst Auditor’s Dire Warnings

AuthorIshaan Verma|Published at: 10th February 2026, 6:44 pm Overview Samtex Fashions Limited posted nil operational revenue for Q3 FY25. Auditors issued a qualified conclusion, highlighting material going concern uncertainty due to accumulated losses, eroded net worth, and a subsidiary declared a wilful defaulter by IDBI Bank. Significant gaps in asset verification, accounting compliance issues, and…

Samtex Fashions Faces Insolvency Risk Amidst Auditor’s Dire Warnings

AuthorIshaan Verma|Published at: 10th February 2026, 6:44 pm Overview Samtex Fashions Limited posted nil operational revenue for Q3 FY25. Auditors issued a qualified conclusion, highlighting material going concern uncertainty due to accumulated losses, eroded net worth, and a subsidiary declared a wilful defaulter by IDBI Bank. Significant gaps in asset verification, accounting compliance issues, and…