Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

Bella Casa reported strong financial performance with revenue from operations increasing 19.5% to ₹416.40 crore (₹4,163.97 lakhs) from ₹348.54 crore. Profit after tax grew 27.4% to ₹20.13 crore (₹2,012.72 lakhs) from ₹15.80 crore. EBITDA reached ₹33.50 crore (16.9% growth) while earnings per share improved to ₹15.13 from ₹12.43.

Working Capital Efficiency

Significant improvement in working capital management with inventory days reducing to 102 days (from 191 days in FY24) and debtor days improving to 50 days (from 65 days in FY23). The company generated operating cash flow of ₹31 crore in FY26, exceeding cumulative cash flow of previous three years. Return on Capital Employed (RoCE) improved to 16.9% from 11.8% in FY23.

Share Capital and Ownership Structure

The company maintained its issued, subscribed and paid-up capital at ₹13.39 crore (1,33,87,500 equity shares of ₹10 each) with no new shares issued during FY26. Significant shareholding changes occurred with Gaurav Gupta's stake increasing from 7.90% to 14.61% while Sunita Gupta's holding reduced from 6.72% to 0%.

Banking Facilities and Security

The company secured increased banking facilities with HDFC Bank, raising its overdraft from ₹1,842.50 lakhs to ₹4,999.51 lakhs. The borrowing is secured by hypothecation of stock, book debts, fixed deposits, and industrial properties at E-102, F-135 EPIP, Sitapura Industrial Area, Jaipur in company's name, and E-103 EPIP in name of Gupta Exports. No defaults in repayment of loans or interest were reported.

Board of Directors Changes

Significant board changes occurred with four independent directors completing terms and new appointments made. Mr. Sharad Mangal, Mr. Gunjan Jain, Ms. Kalpana Juneja completed terms on July 14, 2025, and Mr. Vikas Mathur completed term on July 30, 2025. Mrs. Nivedita Ravindra Sarda resigned on February 24, 2026. New appointments included Mr. Surendra Singh Bhandari, Mr. Govind Saboo, Mrs. Nivedita Ravindra Sarda, Mr. Nitin Mathur as Independent Directors from July 15, 2025, and Mrs. Bharti Rastogi from February 24, 2026.

Regulatory Compliance Issue

The company received fines from BSE (₹1,48,680) and NSE (₹1,41,600) for appointing Mr. Surendra Singh Bhandari as Non-Executive Director who had attained 75 years without prior shareholder approval by special resolution. The company regularized the appointment by obtaining shareholder approval at AGM on September 16, 2025.

30th Annual General Meeting Details

The 30th Annual General Meeting will be held on Tuesday, September 29, 2026 at 01:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means facility. The agenda includes adoption of financial statements, re-appointment of Mr. Gaurav Gupta as Director, and approval of increased remuneration for Mr. Pawan Kumar Gupta (Managing Director) and Mr. Harish Kumar Gupta (Chairman & Whole-Time Director) to ₹6,00,000 per month from August 13, 2026 for 3 years.

Dividend Information

No dividend recommended for FY 2025-26 to conserve resources for future growth. During previous FY 2024-25, final dividend of ₹2.00 per equity share was paid. Details provided for unclaimed dividends from FY 2018-19 to FY 2024-25 with amounts ranging from ₹1,458 to ₹41,420.

Manufacturing Capacity and Operations

The company operates seven integrated manufacturing facilities in Jaipur with installed production capacity of approximately 2 crore apparel pieces annually. Ongoing modernization expected to enhance capacity by approximately 15%.

Related Party Transactions

All transactions with related parties were in ordinary course of business and at arm's length basis. Key transactions included rent expenses to Gupta Exports of ₹240.00 lakhs (FY25: ₹120.00 lakhs) and professional services to Srujan Alpha Capital Advisors LLP of ₹12.00 lakhs (FY25: Nil).

Employee Benefits and CSR

Total permanent employees: 1,302 as of March 31, 2026. Gratuity liability stood at ₹123.04 lakhs with current liability of ₹75.00 lakhs. CSR obligation for FY26 was ₹30.24 lakhs with actual spending of ₹31.00 lakhs. No complaints reported under Sexual Harassment of Women at Workplace Act, 2013.