Board Meeting Details
The Board of Directors meeting commenced at 11:15 AM and concluded at 01:10 PM on Thursday, 13th August 2026.
Key Decisions Approved
1. Financial Results Approval
- Approved un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30 June 2026
- Statutory Auditors issued Limited Review Report on both standalone and consolidated results
2. Management Re-appointments
- Re-appointment of Shri Shekhar Agarwal (DIN: 00066113) as Managing Director and CEO for three years effective from 13th April 2027 to 31st March 2030, subject to shareholder approval
- Re-appointment of Shri Rakesh Kumar Ojha (DIN: 01997538) as Non-executive Independent Director for second term of five years effective from 10th November 2026 to 9th November 2031, subject to shareholder approval
Financial Performance (Quarter ended 30 June 2026)
Standalone Results (₹ in lakh)
- Revenue from operations: ₹605.71
- Other income: ₹59.77
- Total income: ₹668.48
- Total expenses: ₹636.82
- Profit before tax: ₹31.66
- Tax expense: ₹27.35 (Current tax: ₹5.77, Deferred tax: ₹1.58, Tax adjustment for earlier years: ₹20.00)
- Net profit after tax: ₹4.31
- Other comprehensive income: ₹3.68
- Total comprehensive income: ₹27.99
- Basic and diluted EPS: ₹0.04
Consolidated Results (₹ in lakh)
- Revenue from operations: ₹608.71
- Other income: ₹59.77
- Total income: ₹668.48
- Total expenses: ₹636.82
- Profit before tax and share of associate: ₹31.66
- Share of profit from associate (BMD Private Limited): ₹338.16
- Profit before tax: ₹369.82
- Tax expense: ₹7.35 (Current tax: ₹5.77, Deferred tax: ₹1.58)
- Net profit after tax: ₹362.47
- Other comprehensive income: ₹55.21 (including share in OCI of associate: ₹51.53)
- Total comprehensive income: ₹417.68
- Basic and diluted EPS: ₹0.62
Comparative Financial Data
Standalone Q1 FY27 vs Q1 FY26 (₹ in lakh)
- Revenue increased from ₹531.94 to ₹605.71
- Net profit decreased from ₹27.32 to ₹4.31
- EPS decreased from ₹0.05 to ₹0.04
Consolidated Q1 FY27 vs Q1 FY26 (₹ in lakh)
- Revenue increased from ₹531.94 to ₹608.71
- Net profit increased significantly from ₹5.13 to ₹362.47 (primarily due to ₹338.16 share of profit from associate)
- EPS increased from ₹0.05 to ₹0.62
Management Profile Details
Shri Shekhar Agarwal
- 73 years old with 45+ years in textile industry
- Current Chairman & Managing Director and CEO
- Previously Managing Director at RSWM Limited (1984-2009)
- Held leadership positions at Confederation of Indian Textile Industry and Northern India Textile Mills Association
- Serves as Non-Executive Director at RSWM Limited, HEG Limited, BSL Limited, and PHD Chamber of Commerce and Industry
- Father of Shri Shantanu Agarwal, Non-executive Director of the Company
- Not debarred from holding director office
Shri Rakesh Kumar Ojha
- 58 years old law graduate with two decades of corporate commercial law experience
- Specializes in M&A, corporate finance, infrastructure, and litigation
- Experience with NCLT, NCLAT, and Competition Commission of India
- Not related to any other directors of the Company
- Not debarred from holding director office