Annual General Meeting Details

  • Meeting Date: Monday, 17th August, 2026
  • Time: 12:00 Noon
  • Mode: Video Conferencing/Other Audio-Visual Means without physical presence
  • Deemed Venue: Registered Office of the Company
  • Cut-off Date for Voting Rights: Monday, 10th August, 2026
  • Book Closure Period: Tuesday, 11th August 2026 to Monday, 17th August 2026 (both days inclusive)

Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026 along with Reports of Board of Directors and Auditors

2. Re-appointment of Smt. Venkata Naga Lalitha Kapilavai (DIN: 02223430) as Director retiring by rotation

Special Business:

3. Re-appointment of Sri Vijayulu Reddy Kaliki (DIN: 03154329) as Independent Director for a second term of five years effective from 9th November 2026

Financial Performance (₹ in Lakhs)

| Particulars | 2025-26 | 2024-25 |

| Gross Income | 6,419.54 | 6,213.10 |

| Finance Charges | 156.63 | 143.46 |

| Provision for Depreciation | 265.49 | 262.84 |

| Net Profit before Tax | (127.52) | (371.27) |

| Provision for Tax | (158.98) | (34.59) |

| Net Profit/(Loss) after Tax | 31.46 | (336.68) |

| Total Comprehensive Income | (1.58) | (359.48) |

| Sales Turnover | 6,351.02 | 6,170.59 |

Key Financial Ratios

  • Current Ratio: 0.74 (0.76 in FY25)
  • Debt-Equity Ratio: 0.37 (0.34 in FY25)
  • Return on Equity: 0.01 (-0.07 in FY25)
  • Inventory Turnover: 8.85 times (9.20 times in FY25)

Director Changes

  • Mr. Venkata Prasad Kuppam (DIN: 01853455) and Mr. Narasimha Rao Mandumula (DIN: 06763347) ceased as Independent Directors effective 18th September 2025
  • Mr. Siva Kumar Ramaswami resigned as Non-Executive Non-Independent Director effective 30th May 2025
  • Mr. Siva Kumar Ramaswami (DIN: 01791576) appointed as Additional Director (Independent) effective 1st June 2025

Board Composition as on 31st March 2026

  • Managing Director: K. Vijay Kumar
  • Joint Managing Director: K. Sriram
  • Director: K. V. Nagalalitha
  • Independent Directors: R. Siva Kumar, N. Gopal, K. Vijayulu Reddy

Key Managerial Personnel

  • Chief Financial Officer: P. Ramamoorthy
  • Company Secretary & Compliance Officer: Priyanka Baldewa

Shareholding Pattern

  • Total Issued Capital: 1,67,40,888 equity shares of ₹10 each
  • Promoter Holding: 66.37% (111,10,640 shares)
  • Dematerialized Holdings: 80.69% (1,35,09,025 shares)
  • Physical Holdings: 19.31% (32,31,863 shares)

Major Shareholders (above 5%)

1. Venkata Naga Lalitha Kapilavai: 30.35% (50,80,320 shares)

2. Vijay Kumar Kapilavai: 30.35% (50,80,320 shares)

3. Envean Enterprises Private Limited: 5.67% (9,50,000 shares)

Borrowings Position (₹ in Lakhs)

Non-Current Borrowings: 740.49

  • Secured Term Loans from Banks: 515.05
  • Unsecured Loans from Related Parties: 225.44

Current Borrowings: 889.96

  • Cash Credit with HDFC Bank: 720.91
  • Current Maturities of Long-term Debt: 169.04

Related Party Transactions

  • Loans taken from related parties: ₹225.44 lakhs
  • Interest paid on loans to related parties: ₹40.18 lakhs
  • Purchase of cement from Sri Chakra Cement Ltd: ₹1.45 lakhs
  • Remuneration to KMP: ₹289.07 lakhs

Employee Benefits

  • Gratuity Obligation: ₹222.86 lakhs
  • Plan Assets: ₹117.28 lakhs
  • Net Liability: ₹105.57 lakhs
  • Provident Fund Contribution: ₹40.56 lakhs
  • Total Employees: 260 permanent employees

Operational Metrics

  • Yarn Production: 2,460.03 MTS (2,491.23 MTS in FY25)
  • Electricity Consumption: 128.67 lakh units purchased (125.29 lakh units in FY25)
  • Energy Consumption: 6.62 KWH per kg of yarn (6.44 KWH in FY25)

SEBI Compliance Requirements

  • Physical shareholders must provide PAN, address with pincode, email address, mobile number, bank account details, specimen signature and nomination by October 1, 2023, to avoid folio freezing
  • All service requests for physical shares must be processed in demat form only as per SEBI circular dated January 25, 2022

E-Voting Arrangements

  • Remote e-voting period: 14th August 2026 (9:00 AM) to 16th August 2026 (5:00 PM)
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: CS Puttaparthi Jagannatham
  • Individual shareholders holding demat securities can vote through their demat accounts with depositories

Contingent Liabilities

  • Electricity Duty payable: ₹56.89 lakhs (interest, FSA, surcharge etc.)
  • Penalty for RPPO shortfall: ₹43.04 lakhs (Andhra Pradesh Electricity Regulatory Commission)

Emphasis of Matter in Audit Report

1. Retrospective restatement of FPPCA charges amounting to ₹209.18 lakhs pursuant to APERC directions

2. Non-provision of interest on delayed payments to MSME vendors (amount not material)

Registered Offices

  • Administrative/Corporate Office: 6-3-668/10/66, Durganagar Colony, Punjagutta, Hyderabad - 500082, Telangana
  • Registered Office & Factory: Perindesam Village, K.V.B. Puram Mandal, Near Srikalahasti, Chittoor District, Andhra Pradesh - 517643

Registrar & Share Transfer Agents

M/s. Venture Capital & Corporate Investments Pvt Ltd, 'AURUM', 4th & 5th Floors, Plot No.57, Jayabheri Enclave Phase-II, Gachibowli, Hyderabad - 500032

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