Board Meeting Details

The Board of Directors meeting was held on November 03, 2026, commencing at 6:30 PM and concluding at 7:15 PM.

Financial Results Approval

The Board approved and adopted the unaudited financial results for the quarter and six months ended September 30, 2026, along with the limited review report issued by statutory auditors.

Key Financial Figures (Quarter Ended September 30, 2026)

  • Total Income: ₹128.45 crore (₹128.37 crore from operations + ₹0.08 crore other income)
  • Total Expenses: ₹126.27 crore
  • Profit Before Tax: ₹2.17 crore
  • Tax Expense: ₹0.52 crore (Current tax ₹0.75 crore net of deferred tax credit ₹0.23 crore)
  • Net Profit: ₹1.65 crore
  • Earnings Per Share (Basic & Diluted): ₹0.39
  • Paid-up Equity Share Capital: ₹42.24 crore (face value ₹10 per share)

Key Financial Figures (Half Year Ended September 30, 2026)

  • Total Income: ₹215.05 crore (₹214.89 crore from operations + ₹0.16 crore other income)
  • Total Expenses: ₹210.62 crore
  • Profit Before Tax: ₹4.43 crore
  • Tax Expense: ₹1.10 crore (Current tax ₹0.70 crore net of deferred tax credit ₹0.40 crore)
  • Net Profit: ₹3.33 crore
  • Earnings Per Share (Basic & Diluted): ₹0.79

Comparative Financial Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Total Income decreased from ₹133.80 crore to ₹128.45 crore
  • Net Profit decreased from ₹2.37 crore to ₹1.65 crore
  • EPS decreased from ₹0.56 to ₹0.39

Half-Yearly Comparison (H1 FY27 vs H1 FY26):

  • Total Income decreased from ₹231.18 crore to ₹215.05 crore
  • Net Profit decreased from ₹5.69 crore to ₹3.33 crore
  • EPS decreased from ₹1.35 to ₹0.79

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹463.14 crore (Previous year: ₹398.08 crore)
  • Non-current Assets: ₹130.49 crore
  • Current Assets: ₹332.65 crore (including inventories ₹135.60 crore, trade receivables ₹155.99 crore)
  • Total Equity: ₹199.92 crore
  • Non-current Liabilities: ₹53.48 crore
  • Current Liabilities: ₹209.75 crore
  • Borrowings: ₹123.49 crore (Non-current ₹28.62 crore + Current ₹94.87 crore)

Cash Flow Statement (Six Months Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹65.44 crore
  • Net Cash Used in Investing Activities: ₹(0.65) crore
  • Net Cash Used in Financing Activities: ₹(64.79) crore
  • Net Change in Cash: ₹(0.00) crore

Management Appointment

The Board appointed Shri Lalchand Manfoolram Saharan (DIN: 12020494) as Additional Executive Director effective November 03, 2026.

Director Appointment Details

  • Term: Five years from appointment date, subject to shareholder approval at next General Meeting
  • Experience: 36 years in manufacturing process management, production controlling & accounting, textile manufacturing processing
  • Qualifications: Commerce Graduate
  • Association with Group: Since 1990
  • Shareholding: Holds 7,166 equity shares in the company
  • Relationship: Not related to any existing directors
  • Regulatory Status: Not debarred from holding director office by SEBI or any authority
  • Resignations: Has not resigned from any listed companies in past three years

Operational and Regulatory Information

  • The company operates in a single segment: Textile Processing
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • The company is assessing the impact of Code of Social Security, 2020 and Industrial Relations Code, 2020 on employee benefits
  • Previous period figures have been re-grouped/reclassified where necessary

Auditor's Review

Nahta Jain & Associates conducted limited review of unaudited financial results and concluded that nothing came to their attention causing them to believe the results contain material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.