Date: May 30, 2026
Board Meeting Outcomes
The Board of Directors at their meeting held on May 30, 2026 (16:30 to 19:30) transacted the following businesses:
1. Approved the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026, along with the reports of Auditors thereon pursuant to Regulation 33 of SEBI Listing Regulations.
2. Recommended the Final Dividend of Rs. 0.20 per equity share of face value of Rs. 2 each for the Financial Year ended March 31, 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting.
3. Re-appointment of M/s. Y. R. Doshi & Co., Cost Accountants, Mumbai (Membership No. 3286), as Cost Auditors of the Company for the financial year 2026-2027 pursuant to the provisions of Section 148 of the Companies Act, 2013.
Financial Results (Standalone)
Income Statement (Year Ended March 31, 2026 vs March 31, 2025)
- Revenue from Operations: ₹91,247.46 lakhs (vs ₹91,369.78 lakhs)
- Other Income: ₹4,346.44 lakhs (vs ₹727.91 lakhs)
- Total Income: ₹95,593.90 lakhs (vs ₹92,097.69 lakhs)
- Total Expenses: ₹92,852.28 lakhs (vs ₹87,634.68 lakhs)
- Profit before tax: ₹2,741.62 lakhs (vs ₹4,463.01 lakhs)
- Tax Expense: ₹1,355.00 lakhs (vs ₹1,274.19 lakhs)
- Profit after tax: ₹1,386.62 lakhs (vs ₹3,188.82 lakhs)
- Other Comprehensive Income: ₹(81.31) lakhs (vs ₹(6.81) lakhs)
- Total Comprehensive Income: ₹1,305.31 lakhs (vs ₹3,181.99 lakhs)
- EPS: ₹2.67 per share (vs ₹6.13 per share)
Balance Sheet (As at March 31, 2026 vs March 31, 2025)
- Total Assets: ₹85,248.79 lakhs (vs ₹78,778.74 lakhs)
- Inventories: ₹41,517.47 lakhs (vs ₹36,307.24 lakhs)
- Trade Receivables: ₹22,261.55 lakhs (vs ₹21,395.93 lakhs)
- Cash and Cash Equivalents: ₹411.63 lakhs (vs ₹169.62 lakhs)
- Equity Share Capital: ₹1,040.00 lakhs (vs ₹1,040.00 lakhs)
- Other Equity: ₹26,653.47 lakhs (vs ₹22,432.07 lakhs)
- Current Borrowings: ₹42,494.69 lakhs (vs ₹38,456.55 lakhs)
Financial Results (Consolidated)
Income Statement (Year Ended March 31, 2026 vs March 31, 2025)
- Revenue from Operations: ₹92,852.28 lakhs (vs ₹87,634.68 lakhs)
- Other Income: ₹4,325.39 lakhs (vs ₹3,188.82 lakhs)
- Total Income: ₹97,177.67 lakhs (vs ₹90,823.50 lakhs)
- Total Expenses: ₹91,247.46 lakhs (vs ₹86,923.20 lakhs)
- Share of Loss from Associate: ₹(3.24) lakhs
- Profit before tax: ₹5,927.45 lakhs (vs ₹3,900.30 lakhs)
- Tax Expense: ₹1,582.65 lakhs (vs ₹727.91 lakhs)
- Profit after tax: ₹4,344.80 lakhs (vs ₹3,172.39 lakhs)
- Other Comprehensive Income: ₹(67.66) lakhs (vs ₹(6.13) lakhs)
- Total Comprehensive Income: ₹4,277.14 lakhs (vs ₹3,166.26 lakhs)
- EPS: ₹8.35 per share (vs ₹6.10 per share)
Balance Sheet (As at March 31, 2026 vs March 31, 2025)
- Total Assets: ₹85,243.16 lakhs (vs ₹78,776.35 lakhs)
- Equity Share Capital: ₹1,040.00 lakhs (vs ₹1,040.00 lakhs)
- Other Equity: ₹26,647.84 lakhs (vs ₹22,429.68 lakhs)
Dividend Declaration
Recommended Final Dividend of Rs. 0.20 per equity share of face value of Rs. 2 each for the Financial Year ended March 31, 2026. The dividend is subject to approval of shareholders at the ensuing Annual General Meeting. The company will inform the date of AGM and dividend payment date in due course.
KMP / Board / Auditor Changes
Re-appointment of M/s. Y. R. Doshi & Co., Cost Accountants, Mumbai (Membership No. 3286) as Cost Auditors for FY 2026-27.
Brief Profile: M/s. Y. R. Doshi & Co. was established in 1975 by Mr. Y. R. Doshi, M.Com, a postgraduate in Commerce & Fellow member of Institute of Cost and Works Accounts of India. The firm offers services in GST compliance, Business Structuring, Financial Management Systems, Internal/Management Audit, Cost Audit, Stock Audit, and other professional services.
Standalone Financial Results
Auditor: M L Bhuwania and Co. LLP, Chartered Accountants (FRN: 101484W/W100197)
Opinion: Unmodified opinion issued on the Standalone Financial Results for the quarter and year ended March 31, 2026.
Consolidated Financial Results
Auditor: M L Bhuwania and Co. LLP, Chartered Accountants (FRN: 101484W/W100197)
Opinion: Unmodified opinion issued on the Consolidated Financial Results for the quarter and year ended March 31, 2026.
The consolidated results include share of loss from associate Neo Stretch Private Limited: ₹3.24 lakhs for the year and ₹1.58 lakhs for the quarter ended March 31, 2026.
Other Operational / Legal / Strategic Disclosures
On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing existing 29 labour laws. In accordance with Ind AS 19 - Employee benefits, changes to employee benefit plans are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss.
This resulted in increase in gratuity liability arising out of past service cost to Rs. 131.56 lakhs for the quarter ended December 31, 2025 and Rs. 146.26 lakhs for the year ended March 31, 2026.
The company operates in a single segment only i.e. "Textiles Business" and therefore disclosure requirement of Indian Accounting Standard (IND AS - 108) "Segment Reporting" is not applicable.
Declaration
- Rajendra Agarwal, Managing Director
- Ashok Agarwal, Chief Financial Officer