Board Meeting Details

The Board of Directors meeting was held on Friday, August 14, 2026, commencing at 12:01 p.m. and concluding at 12:58 p.m.

Financial Results Approval

The Board approved the Standalone and Consolidated Un-audited Financial Results of the Company for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and Statutory Auditors.

Standalone Financial Results (Q1 FY27)

  • Revenue from Operations: ₹21,211.24 lakh
  • Other Income: ₹233.81 lakh
  • Total Income: ₹21,445.05 lakh
  • Total Expenses: ₹19,875.69 lakh
  • Profit before tax: ₹1,569.37 lakh
  • Tax Expense: ₹513.21 lakh (Current tax: ₹294.43 lakh, Deferred tax: ₹(72.77) lakh)
  • Profit after tax: ₹515.45 lakh
  • Total Comprehensive Income for the period: ₹496.72 lakh
  • Paid-up equity share capital: ₹1,040.00 lakh (face value ₹2 per share)

Consolidated Financial Results (Q1 FY27)

  • Revenue from Operations: ₹23,807.03 lakh
  • Other Income: ₹937.29 lakh
  • Total Income: ₹24,834.32 lakh
  • Total Expenses: ₹24,107.66 lakh
  • Profit before tax: ₹726.66 lakh
  • Tax Expense: ₹337.68 lakh (Current tax: ₹1,522.90 lakh, Deferred tax: ₹(7.14) lakh)
  • Profit after tax: ₹880.98 lakh
  • Share of loss from Associate Company (Neo Stretch Private Limited): ₹2.69 lakh
  • Total Comprehensive Income for the period: ₹867.91 lakh
  • Paid-up equity share capital: ₹1,040.00 lakh

Dividend Information

The dividend recommended by the Board of Directors on May 30, 2026, if approved at the ensuing Annual General Meeting, shall be paid before October 30, 2026.

Accounting Standards and Notes

The unaudited financial results were prepared in accordance with Indian Accounting Standards (Ind AS), Companies Act 2013, and SEBI guidelines.

The company operates in a single segment: "Textiles Business" (IND AS-108 not applicable).

Impact of Labour Codes: The Government of India notified four Labour Codes on November 21, 2025, resulting in an increase in gratuity liability attributable to past service cost of ₹14.70 lakh for Q4 FY26 and ₹146.26 lakh for FY26. These amounts have been recognized in the financial results.

Auditor Reports

Independent auditors ML Bhwania and Co LLP issued review reports for both standalone and consolidated financial results, concluding that nothing came to their attention suggesting material misstatement.

For the consolidated results, the auditor relied on the review report of the associate company's auditor for Neo Stretch Private Limited, which showed a group share of loss of ₹2.69 lakh for the quarter.

Historical Figures

The figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and reviewed year-to-date figures up to the third quarter.