Laxmi Cotspin reported a Q1 net loss of ₹2.00 Cr, down from profit YoY, on lower revenue.

Auditors issued a qualified conclusion, citing issues with ₹43.20 Cr inventory, related-party advances of ₹7.31 Cr, uncertain creditor advances of ₹12.96 Cr, and land transfer irregularities, raising financial reliability concerns.