Board Meeting Details

The Board of Directors meeting was held on Saturday, 30th May 2026, commencing at 12:30 PM and concluding at 04:45 PM.

Key Decisions and Approvals

  • Approved Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026
  • Approved Statement of Assets and Liabilities and Cash Flow Statement for the financial year ended 31st March, 2026
  • Re-appointed M/s. Dhirren R. Dave & Co., Practicing Company Secretaries as Secretarial Auditor for FY 2026-27
  • Re-appointed M/s ARVP & Co. (Firm Registration No. 101482W) as Internal Auditor for FY 2026-27

Audit Report Status

  • Statutory Auditors M/s. HTKS & Co, Chartered Accountants, Surat issued Audit Reports with qualified opinion
  • The qualified opinion applies to both standalone and consolidated financial results

Trading Window Closure

The trading window for dealing in the company's securities will open after 48 hours from the declaration of audited financial results in the public domain, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Financial Results - Standalone (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Revenue from Operations: ₹2,695.81
  • Other Income: (₹77.39) [negative]
  • Total Revenue: ₹2,618.42
  • Total Expenses: ₹2,548.47
  • Profit before exceptional items and tax: ₹69.96
  • Exceptional items: ₹3.82
  • Profit before tax: ₹73.78
  • Tax Expense: (₹1.73) [negative, indicating tax benefit]
  • Net Profit for the period: ₹75.51
  • Other Comprehensive Income: ₹106.71
  • Total Comprehensive Income: ₹182.22
  • Basic EPS: ₹5.03

Annual Performance (FY26)

  • Revenue from Operations: ₹10,033.85
  • Other Income: ₹217.47
  • Total Revenue: ₹10,251.32
  • Total Expenses: ₹9,488.97
  • Profit before exceptional items and tax: ₹762.36
  • Exceptional items: ₹3.63
  • Profit before tax: ₹765.98
  • Tax Expense: ₹199.36
  • Net Profit for the year: ₹566.63
  • Other Comprehensive Income: ₹106.71
  • Total Comprehensive Income: ₹673.34
  • Basic EPS: ₹37.78

Comparative Figures (FY25)

  • Revenue from Operations: ₹9,637.99
  • Other Income: ₹97.15
  • Total Revenue: ₹9,735.14
  • Net Profit for the year: ₹195.49
  • Basic EPS: ₹13.03

Financial Results - Consolidated (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Net Profit for the period: ₹75.51
  • Share of Profit After Tax of Associate: ₹2.39
  • Total Profit for the period: ₹184.61
  • Basic EPS: ₹5.19

Annual Performance (FY26)

  • Net Profit for the year: ₹566.63
  • Share of Profit After Tax of Associate: ₹2.39
  • Total Profit for the year: ₹675.73
  • Basic EPS: ₹37.93

Associate Company Details

  • Sanjay Polytex Private Limited (Associate with 46.39% holding)
  • Share of profit based on unaudited financial information

Standalone Balance Sheet Position as at 31st March 2026 (₹ in Lakhs)

Assets

  • Total Non-current Assets: ₹1,767.38
  • Property, plant and equipment: ₹888.80
  • Capital work-in-progress: ₹6.30
  • Non-current investments: ₹755.27
  • Other non-current assets: ₹117.00
  • Total Current Assets: ₹4,636.08
  • Inventories: ₹92.29
  • Current investments: ₹688.29
  • Trade receivables: ₹1,805.27
  • Cash and cash equivalents: ₹74.01
  • Bank balances other than cash: ₹607.58
  • Loans, current: ₹873.24
  • Other current assets: ₹495.40
  • Total Assets: ₹6,403.45

Equity and Liabilities

  • Total Equity: ₹4,106.99
  • Equity Share capital: ₹199.69
  • Other equity: ₹3,907.30
  • Total Non-current Liabilities: ₹91.41
  • Borrowings, non-current: ₹74.23
  • Deferred tax liabilities: ₹17.18
  • Total Current Liabilities: ₹2,205.05
  • Borrowings, current: ₹1,093.45
  • Trade payables: ₹427.82
  • Total Liabilities: ₹2,296.46

Standalone Cash Flow Statement (FY26) (₹ in Lakhs)

  • Net Cash from Operating Activities: ₹64.33
  • Net Cash used in Investing Activities: ₹(287.64)
  • Net Cash from Financing Activities: ₹237.33
  • Net Increase in Cash & Cash Equivalents: ₹11.63
  • Opening Cash and Cash Equivalents: ₹669.97
  • Closing Cash and Cash Equivalents: ₹681.60

Audit Qualification Details

Basis for Qualified Opinion

The company has not obtained an actuarial valuation in respect of its employee benefit obligations as required under Indian Accounting Standard (Ind AS) 19 - Employee Benefits. Consequently, the company has not recognized a provision for such obligations in the financial statements. The impact on the financial results for the year ended 31st March 2026 has not been determined.

Management's Response

The management is in the process of obtaining an actuarial valuation of employee benefit obligations in accordance with Ind AS 19. The accounting impact arising from such valuation, if any, will be recognized upon receipt of the actuarial valuation report.

Auditor's Comments

The impact of the absence of actuarial valuation on the financial results has not been determined.

Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board on 30th May 2026

2. Prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015

3. Single operating segment: Textiles

4. Q4 figures are balancing figures between audited full year and unaudited year-to-date figures up to Q3

5. Cash flow statement prepared under Indirect Method as per Ind AS 7

6. Previous periods' figures regrouped/rearranged where necessary

7. Consolidated results include unaudited share of profit after tax of ₹2.39 lakhs from associate company

Additional Information

  • The company has made arrangements to publish extracts of financial results in newspapers as required under Listing Regulations