Key Decisions and Updates

1. Approval of Financial Results

  • The Board of Directors approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.
  • The statutory auditors, M/s. M L Bhuwania and Co. LLP, have issued an audit report with an unmodified opinion on these financial results.
  • An extract of the financial results will be published in newspapers as per Regulation 47 of the SEBI Listing Regulations and made available on the company's website at www.donear.com.

2. Dividend Recommendation

  • The Board recommended a final dividend of ₹0.20 per equity share (face value of ₹2 each) for the financial year ended March 31, 2026.
  • This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The date of the AGM and the dividend payment date will be communicated in due course.

3. Re-appointment of Cost Auditors

  • The Board re-appointed M/s. Y. R. Doshi & Co., Cost Accountants (Membership No. 3286, Mumbai), as the Cost Auditors of the company for the financial year 2026-2027.
  • This appointment is pursuant to Section 148 of the Companies Act, 2013 and its rules.
  • A brief profile of the firm was disclosed: It is a proprietorship firm established in 1975 by Mr. Y. R. Doshi, a Fellow member of the Institute of Cost and Works Accounts of India, offering services in GST compliance, audits, and business structuring.

4. Meeting Logistics

  • The Board meeting commenced at 4:30 PM and concluded at 7:30 PM on May 30, 2026.

Financial Highlights (Consolidated - FY Ended March 31, 2026)

  • Revenue from Operations: ₹92,097.69 lakhs
  • Total Expenses: ₹86,923.20 lakhs
  • Profit Before Tax (PBT): ₹5,929.08 lakhs
  • Profit After Tax (PAT): ₹4,346.44 lakhs
  • Share of Loss from Associate (Neo Stretch Pvt Ltd): ₹3.24 lakhs (for the year)
  • Earnings Per Share (EPS): ₹8.36 (Basic/Diluted, face value ₹2)
  • Paid-up Equity Share Capital: ₹1,040.00 lakhs (5,200,000 shares of ₹2 each)

Other Key Financial Information

  • The company operates in a single segment: "Textiles Business".
  • The implementation of new Labour Codes resulted in an increase in gratuity liability. A past service cost of ₹146.26 lakhs was recognized for the year ended March 31, 2026.
  • Total Comprehensive Income for the year stood at ₹4,325.39 lakhs.

Assets and Liabilities (Consolidated - As at March 31, 2026)

  • Total Assets: ₹85,243.16 lakhs
  • Non-Current Assets: ₹13,490.53 lakhs (including Property, Plant & Equipment: ₹8,814.77 lakhs)
  • Current Assets: ₹71,752.63 lakhs (including Inventories: ₹41,517.47 lakhs, Trade Receivables: ₹22,261.55 lakhs)
  • Total Equity: ₹27,687.84 lakhs
  • Total Liabilities: ₹57,555.32 lakhs
  • Non-Current Liabilities: ₹3,695.44 lakhs
  • Current Liabilities: ₹53,859.88 lakhs (including Current Borrowings: ₹42,494.69 lakhs)

Declaration and Signatories

  • A declaration confirms that the statutory auditors issued an unmodified opinion on the audited results.
  • The letter was signed by Krishna Agrawal, Company Secretary and Compliance Officer.
  • The financial results were signed by Rajendra V. Agarwal, Managing Director (DIN: 00227233) and Ashok Agarwal, Chief Financial Officer.
  • The auditor's reports were signed by Ashishkumar Bairagra, Partner of M L Bhuwania and Co. LLP (FRN: 101484W/W100197).

#Tags: #DonearIndustries #FY26Results #Dividend #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral