Document Title:
Outcome of Board Meeting for Q1 FY27 Financial Results
Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulation 30
Date of Board Meeting / Approval: August 07, 2026
Audit Opinion: The Limited Review Report issued by the Statutory Auditors is with an unmodified opinion.
Auditor’s Comment: The auditors stated that based on their review, nothing has come to their attention that causes them to believe the statement contains any material misstatement.
Key Financial Highlights (₹ in Lakhs)
Standalone Results:
Revenue from Operations: 742.87 (Q1 FY27) vs 672.69 (Q1 FY26) - Increase of 70.18 lakhs YoY
Total Income: 803.41 (Q1 FY27) vs 713.05 (Q1 FY26)
Net Profit / (Loss): (106.93) (Q1 FY27) vs (24.73) (Q1 FY26) - Loss widened by 82.20 lakhs YoY
EPS: Basic and Diluted EPS was (1.60) for Q1 FY27 vs (0.37) for Q1 FY26
Other Equity: Not Specified
Cash and Cash Equivalents: Not Specified
Debt: Not Specified
Consolidated Results:
The Board also approved the Consolidated Financial Results, but the detailed figures are not provided in the attachment.
Segment-wise Performance:
The company has only one reportable segment: manufacturing of silk yarn, fabrics, made-ups, home furnishings, fashion fabrics, handloom fabrics, double width fabrics, scarves, laces and belts, and embroidered fabrics. No segment-wise breakdown is provided.
Corporate Actions:
Dividend: Not Declared
Share Split/Bonus/Buyback: Not Specified
The 80th Annual General Meeting (AGM) is scheduled to be convened on Saturday, September 26, 2026, at 01.00 P.M. through Video-Conferencing/Other Audio-Visual Means.
Book Closure: The Register of Members and Share Transfer Books will remain closed from September 20, 2026, to September 26, 2026 (both days inclusive) for the AGM.
Regulatory Disclosures:
Auditor Resignation: M/s B.K. Shroff & Co., Chartered Accountants, resigned as the Statutory Auditors of the Company with effect from June 18, 2026.
Despite the resignation, M/s B.K. Shroff & Co. issued the Limited Review Report for the quarter ended June 30, 2026, in compliance with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019.
Other Significant Information:
Exceptional Items: An exceptional item of ₹20.60 lakhs was recognized during the year ended March 31, 2026 (previous fiscal), pertaining to the incremental impact of the four new Labour Codes notified by the Government of India.
Government Grant: During the quarter, the company recognized a government grant of ₹1,36,684 under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). This was presented as a reduction from Employee Benefits Expense.
Accounting Policy: The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).