Date: 11-08-2026

Board Meeting Outcomes

The Board of Directors meeting held on Tuesday, 11th August, 2026 (commencing at 04:00 PM and concluding at 04:30 PM) approved the following:

  • Un-Audited Standalone Financial Results for the quarter ended June 30, 2026
  • Expansion plan at Unit 4 involving installation of 192 Water Jet Looms and 3 Texturizing Machines
  • Material Related Party Transactions for Financial Year 2026-27
  • Board's Report (Directors' Report) along with annexures and corporate governance report for FY ended March 31, 2026
  • Increase in remuneration of three key managerial personnel
  • Convening of 6th Annual General Meeting on Tuesday, 29th September, 2026
  • Appointment of Ms. K. Dalal & Co. as Secretarial Auditor
  • Re-appointment of Ms. KSA & Co. as Statutory Auditors

Financial Results (Standalone)

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from Operations: ₹10,083.90 lakhs (₹100.84 crore)
  • Other Income: ₹85.73 lakhs
  • Total Income: ₹10,169.63 lakhs (₹101.70 crore)
  • Cost of Materials Consumed: ₹5,622.89 lakhs
  • Employee Benefits Expenses: ₹835.41 lakhs
  • Finance Costs: ₹74.12 lakhs
  • Depreciation and Amortisation Expense: ₹598.96 lakhs
  • Other Expenses: ₹1,032.86 lakhs
  • Total Expenses: ₹8,172.74 lakhs
  • Profit Before Tax: ₹1,996.89 lakhs (₹19.97 crore)
  • Tax Expense: ₹348.90 lakhs
  • Profit for the Period: ₹1,647.99 lakhs (₹16.48 crore)
  • Total Comprehensive Income: ₹1,642.04 lakhs (₹16.42 crore)
  • Basic and Diluted EPS: ₹6.18

Comparative Figures

  • Quarter Ended March 31, 2026: Revenue ₹10,073.20 lakhs, Profit ₹1,720.74 lakhs
  • Quarter Ended June 30, 2025: Revenue ₹8,099.62 lakhs, Profit ₹1,220.47 lakhs
  • Year Ended March 31, 2026: Revenue ₹38,859.30 lakhs, Profit ₹6,461.19 lakhs

Balance Sheet Items

  • Paid up Equity Share Capital: ₹2,664.53 lakhs (Face Value ₹10 each)
  • Number of Shares: 266.45 lakh shares

Expansion Project

Approved expansion plan at Unit 4 involving:

  • Installation of 192 Water Jet (WJ) Looms
  • 3 Texturizing Machines
  • Necessary ancillary machinery
  • Funding: Internal accruals
  • Target: Commercial production by December 2026

KMP / Board Changes

Mr. Mangilal Ambalal Borana (DIN: 01091167)

  • Designation: Chairman and Managing Director
  • Change: Increase in remuneration to ₹1,50,000 per month
  • Effective: Tuesday, 29th September, 2026 (subject to shareholder approval)

Mr. Rajkumar Mangilal Borana (DIN: 01091166)

  • Designation: Executive Director and Chief Financial Officer
  • Change: Increase in remuneration to ₹1,50,000 per month
  • Effective: Tuesday, 29th September, 2026 (subject to shareholder approval)

Mr. Ankur Mangilal Borana (DIN: 01091164)

  • Designation: Executive Director and Chief Executive Officer
  • Change: Increase in remuneration to ₹1,50,000 per month
  • Effective: Tuesday, 29th September, 2026 (subject to shareholder approval)

Auditor Appointments

Secretarial Auditor

  • Appointment: Ms. K. Dalal & Co., Practicing Company Secretaries, Surat
  • Proprietor: Mr. Kunjal Dalal (FCS 3530; CP No. 3863)
  • Term: Five years from 1st April, 2026 to 31st March, 2031
  • Subject to shareholder approval

Statutory Auditor

  • Re-appointment: Ms. KSA & Co., Chartered Accountants (FRN: 003822C)
  • Partner: CA Arun Kanodiya (Membership Number: 077131)
  • Term: Five years from 1st April, 2026 to 31st March, 2031
  • Subject to shareholder approval

Annual General Meeting

  • 6th Annual General Meeting approved for Tuesday, 29th September, 2026
  • Mode: Video Conference (VC) / Other Audio-Visual Means (OAVM)

Other Disclosures

  • The company has only one reportable segment: Textiles
  • Exceptional items relate to profit/loss due to sale of Tangible Assets
  • Previous periods' figures have been regrouped/reclassified where necessary