Board Meeting Outcomes
The Board of Directors meeting was held on 25th May 2026 from 3:00 PM to 4:00 PM and transacted the following business:
- Approved audited Financials along with Audit report for quarter and year ended 31st March 2026
- Appointment of Sark and Associates LLP as Secretarial Auditor of the company
- Reviewed the Business Operation of the Company
Financial Performance Highlights
Annual Results (Year ended 31st March 2026 vs 31st March 2025):
- Revenue from Operations: ₹24,989.29 lakhs (FY26) vs ₹22,153.03 lakhs (FY25)
- Total Revenue: ₹25,136.66 lakhs (FY26) vs ₹22,292.10 lakhs (FY25)
- Profit before exceptional items and tax: ₹683.31 lakhs (FY26) vs ₹448.39 lakhs (FY25)
- Exceptional Items: ₹269.13 lakhs (FY26) vs ₹0 lakhs (FY25)
- Profit before tax: ₹414.18 lakhs (FY26) vs ₹448.39 lakhs (FY25)
- Net Profit after tax: ₹247.53 lakhs (FY26) vs ₹278.12 lakhs (FY25)
- Earnings Per Share (Basic): ₹34.80 (FY26) vs ₹39.10 (FY25)
Quarterly Results (Q4 ended 31st March 2026 vs Q4 ended 31st March 2025):
- Revenue from Operations: ₹6,260.94 lakhs (Q4 FY26) vs ₹5,823.39 lakhs (Q4 FY25)
- Total Revenue: ₹6,299.91 lakhs (Q4 FY26) vs ₹5,863.66 lakhs (Q4 FY25)
- Profit before exceptional items and tax: ₹50.19 lakhs (Q4 FY26) vs ₹403.29 lakhs (Q4 FY25)
- Exceptional Items: ₹119.13 lakhs (Q4 FY26) vs ₹0 lakhs (Q4 FY25)
- Profit/(Loss) before tax: (₹68.94) lakhs (Q4 FY26) vs ₹403.29 lakhs (Q4 FY25)
- Net Profit/(Loss) after tax: (₹95.11) lakhs (Q4 FY26) vs ₹190.51 lakhs (Q4 FY25)
- Earnings Per Share (Basic): (₹13.37) (Q4 FY26) vs ₹26.78 (Q4 FY25)
Exceptional Items Details
The company recognized exceptional items of ₹269.13 lakhs for the year ended 31st March 2026, representing the estimated one-time impact arising from:
1. Recognition of past service cost relating to increase in liability towards gratuity due to changes in the definition of wages pursuant to notifications issued by the Ministry of Labour & Employment dated 21st November 2025
2. Implementation of the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020 (collectively "New Labour Codes")
3. Change in accounting method from cash basis to actuarial valuation basis for gratuity liability in accordance with applicable Accounting Standards
The gratuity liability of ₹269.13 lakhs was recognized based on actuarial valuation carried out by an independent actuary as at the balance sheet date.
Capital Structure
- Paid-up Equity Share Capital: ₹71.13 lakhs (Face Value of ₹10 per share) - unchanged from previous year
- Reserves (excluding Revaluation Reserve) as of 31.03.2026: ₹9,772.43 lakhs
Cash Flow Statement (Year ended 31st March 2026)
- Net Cash from Operating Activities: ₹1,776.67 lakhs
- Net Cash used in Investing Activities: (₹633.89) lakhs
- Net Cash used in Financing Activities: (₹1,067.67) lakhs
- Net increase in Cash and Cash Equivalents: ₹75.11 lakhs
- Cash and cash equivalents at end of period: ₹649.28 lakhs
Business Operations
The company is engaged in Manufacturing of Textiles.