Board Meeting Details

The Board of Directors meeting was held on 12 November 2026, commencing at 2:50 PM and concluding at 3:40 PM. The meeting approved:

  • Unaudited financial results (standalone and consolidated) for quarter and half-year ended 30 September 2026
  • Limited review report of auditors on standalone and consolidated results

Financial Results - Standalone (₹ in lakhs)

Income Statement Highlights:

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹2,898.09
  • Other Income: ₹124.54
  • Total Income: ₹3,022.63
  • Total Expenses: ₹2,995.20
  • Profit before tax: ₹27.43
  • Tax Expenses: ₹12.42 (Current tax only)
  • Net Profit: ₹15.01
  • Basic EPS: ₹0.00
  • Diluted EPS: ₹0.00

Half Year Ended 30 September 2026:

  • Revenue from Operations: ₹4,911.47
  • Other Income: ₹260.13
  • Total Income: ₹5,171.60
  • Total Expenses: ₹5,011.93
  • Profit before tax: ₹159.67
  • Tax Expenses: ₹41.51 (Current tax only)
  • Net Profit: ₹118.15
  • Basic EPS: ₹0.02
  • Diluted EPS: ₹0.02

Comparative Performance:

Revenue Comparison (Quarter):

  • September 2026: ₹2,898.09
  • June 2026: ₹2,013.39
  • September 2025: ₹3,346.72

Net Profit Comparison (Quarter):

  • September 2026: ₹15.01
  • June 2026: ₹103.14
  • September 2025: ₹204.32

Financial Results - Consolidated (₹ in lakhs)

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹8,560.28
  • Other Income: ₹333.49
  • Total Income: ₹8,893.77
  • Total Expenses: ₹8,784.34
  • Profit before tax: ₹109.44
  • Tax Expenses: ₹30.46 (Current tax only)
  • Net Profit: ₹78.98
  • Basic EPS: ₹0.01
  • Diluted EPS: ₹0.01

Half Year Ended 30 September 2026:

  • Revenue from Operations: ₹14,757.52
  • Other Income: ₹830.66
  • Total Income: ₹15,588.18
  • Total Expenses: ₹15,121.04
  • Profit before tax: ₹467.14
  • Tax Expenses: ₹109.16 (Current tax only)
  • Net Profit: ₹357.99
  • Basic EPS: ₹0.06
  • Diluted EPS: ₹0.06

Capital Structure Changes

Share Capital Movements:

  • Paid-up Share Capital as at 30 September 2026: ₹5,782.10 lakh (compared to ₹5,138.45 lakh as at 31 March 2026)
  • Face value per share: ₹1.00

Rights Issue Activities:

1. On 21 May 2026, allotted 7,461,117 partly paid-up rights equity shares on receipt of final call money of ₹0.90 per share (including premium of ₹0.15 per share)

2. On 21 May 2026, allotted 126,288,840 partly paid-up rights equity shares on receipt of final call money of ₹0.60 per share (including premium of ₹0.10 per share)

Share Forfeiture:

On 17 June 2026, the Rights Issue Committee approved forfeiture of 1,40,55,863 partly paid-up equity shares due to non-payment of call monies:

  • 1,06,10,087 shares with ₹0.30 paid per share (₹0.25 face value + ₹0.05 premium)
  • 34,45,776 shares with ₹0.60 paid per share (₹0.50 face value + ₹0.10 premium)

Subsidiary Information

The consolidated results include:

  • Iannat Fabrics and Apparels Private Limited
  • Twenty Twenty Trading LLP

Subsidiaries contributed ₹63.95 lakh net profit for the quarter ended 30 September 2026.

Asset and Liability Position (Standalone)

As at 30 September 2026:

  • Total Assets: ₹12,134.67 lakh
  • Non-Current Assets: ₹3,347.77 lakh
  • Current Assets: ₹8,786.90 lakh
  • Total Equity: ₹9,337.66 lakh
  • Current Liabilities: ₹2,783.00 lakh

Key Changes from 31 March 2026:

  • Inventories increased from ₹3,460.18 lakh to ₹4,245.28 lakh
  • Trade receivables increased from ₹1,682.59 lakh to ₹2,692.84 lakh
  • Cash and cash equivalents increased from ₹9.35 lakh to ₹61.29 lakh
  • Borrowings (current) increased from ₹617.96 lakh to ₹966.39 lakh

Cash Flow Statement (Standalone)

Half Year Ended 30 September 2026:

  • Net cash used in operating activities: ₹(1,194.61) lakh
  • Net cash from investing activities: ₹99.12 lakh
  • Net cash from financing activities: ₹1,147.44 lakh
  • Net increase in cash: ₹51.94 lakh

Auditor Review

Balaji and Thulasiraman, Chartered Accountants (FRN: 0072625) issued unmodified limited review reports for both standalone and consolidated financial results dated 12 November 2026.

Business Segment

The company is predominantly engaged in manufacturing, selling and distribution of fabrics, hosiery garments and related services. No separate reportable operating segments as per Ind AS 108.