Company Overview

Ginni Filaments Limited (CIN: L71200UP1982PLC012550) is a public limited company primarily engaged in manufacturing textile products like non-woven fabric, wipes, and cosmetics. Its shares are listed on the National Stock Exchange of India Ltd. (Scrip Code: GINNIFILA) and BSE Limited (Scrip Code: 590025).

Key Financial Figures (FY 2025-26 vs. FY 2024-25)

Total Performance (Continuing + Discontinued Operations):

  • Gross Sales & Other Income: ₹38,079.20 Lacs (PY: ₹37,949.64 Lacs)
  • EBITDA: ₹6,652.40 Lacs (PY: ₹3,009.61 Lacs)
  • Profit Before Tax: ₹4,604.99 Lacs (PY: ₹442.27 Lacs)
  • Net Profit After Tax: ₹3,703.77 Lacs (PY: ₹419.53 Lacs)
  • Earnings Per Share (Basic & Diluted): ₹4.32 (PY: ₹0.49)

Continuing Operations Performance:

  • Gross Sales & Other Income: ₹37,053.39 Lacs (PY: ₹30,551.24 Lacs)
  • EBITDA: ₹6,894.67 Lacs (PY: ₹3,893.95 Lacs)
  • Profit Before Tax: ₹4,932.78 Lacs (PY: ₹1,728.01 Lacs)
  • Net Profit After Tax: ₹4,096.58 Lacs (PY: ₹1,747.31 Lacs)
  • Earnings Per Share (Basic & Diluted): ₹4.78 (PY: ₹2.04)

Discontinued Operations Performance (Garment Division):

  • Gross Sales & Other Income: ₹1,025.82 Lacs (PY: ₹7,398.40 Lacs)
  • EBITDA Loss: ₹(242.27) Lacs (PY: ₹(884.34) Lacs)
  • Loss Before Tax: ₹(327.79) Lacs (PY: ₹(1,285.74) Lacs)
  • Net Loss After Tax: ₹(392.81) Lacs (PY: ₹(1,327.78) Lacs)
  • Loss Per Share (Basic & Diluted): ₹(0.46) (PY: ₹(1.55))

Exceptional Item

The company recognized an exceptional loss of ₹545.79 Lacs on the remeasurement of assets classified as held for sale due to the closure of the Garment Division.

Dividend and Reserves

The Directors did not recommend any dividend for the financial year ended March 31, 2026. No amount was transferred to General Reserve.

43rd Annual General Meeting Details

Date: Monday, September 28, 2026

Time: 11:45 A.M.

Venue: Through Video Conferencing (VC) / Other Audio Visual Means (OAVM)

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Shri Saket Jaipuria (DIN: 02458923) who retires by rotation

Special Business:

3. Confirmation for Shri Shishir Jaipuria (DIN: 00274959) to continue as Managing Director after attaining age 70 on April 7, 2027

4. Re-appointment of Mr. Suresh Singhvi (DIN: 00293272) as Whole-Time Director (Finance) & CFO for one year from August 1, 2026

Key Managerial Personnel Remuneration (FY 2025-26)

  • Shri Shishir Jaipuria (CMD): ₹256.48 Lacs
  • Shri Saket Jaipuria (ED cum President): ₹181.19 Lacs
  • Shri Suresh Singhvi (Director Finance & CFO): ₹53.59 Lacs
  • Shri Bharat Singh (Company Secretary): ₹24.48 Lacs

Corporate Actions

  • Book Closure: September 22, 2026 to September 28, 2026 (both days inclusive)
  • Cut-off Date for E-voting: September 21, 2026
  • E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)

Operational Highlights

  • The company strategically closed operations of its Garment Division located at Noida with effect from June 30, 2025
  • Focus continues on core business segments including non-woven and consumer product divisions
  • Revenue increased from ₹37,949.64 Lacs in FY24-25 to ₹38,079.20 Lacs in FY25-26
  • Significant improvement in profitability across continuing operations

Capital Structure

  • Authorized Share Capital: ₹9,428.50 Lacs (94,285,000 equity shares of ₹10 each)
  • Issued, Subscribed & Paid-up Capital: ₹8,565.01 Lacs (85,650,065 equity shares of ₹10 each)
  • Promoter Holding: 69.72% as of March 31, 2026
  • Public Holding: 30.27% as of March 31, 2026
  • Dematerialized Shares: 99.43% of paid-up capital

Board of Directors

  • Shri Shishir Jaipuria: Chairman & Managing Director
  • Shri Saket Jaipuria: Executive Director cum President
  • Shri S. Singhvi: Director (Finance) & CFO
  • Shri Desh Deepak Verma: Independent Director
  • Shri Manish Agrawal: Independent Director
  • Shri Kalpataru Tripathy: Independent Director
  • Smt. Sujata Sharma: Independent Director

Registered Office and Plants

Plants/Units:

1. Plot No.205-206, GIDC Industrial Area, Panoli, Ankeleshwar - 394116, Distt. Bharuch (Gujarat)

2. D-196, Sector 63, Noida (U.P.) 201307

3. Plot No.98, Sector 5, IIE, SIDCUL, Haridwar - 249403 (U.K.)

Auditors

Statutory Auditors: M/s Doogar & Associates, Chartered Accountants (Firm Registration No. 000561IN)

Secretarial Auditor: M/s Parveen Rastogi & Co., Company Secretaries

Internal Auditor: Co-sourced with professional firms of Chartered Accountants

Bankers

  • State Bank of India
  • The Federal Bank Limited
  • HDFC Bank Limited

Credit Ratings

  • Short Term Bank Facilities: A2 (ICRA Ltd.)
  • Long Term Bank Facilities: BBB+ (Stable) (ICRA Ltd.)

Key Financial Ratios (FY 2025-26 vs. FY 2024-25)

  • Current Ratio: 2.69 (PY: 1.73) - Improved liquidity position
  • Debt-Equity Ratio: 0.14 (PY: 0.33) - Reduced leverage
  • Interest Coverage Ratio: 13.20 (PY: 1.44) - Significantly improved debt servicing capability
  • Operating Profit Margin: 16.08% (PY: 3.80%) - Major improvement in profitability
  • Net Profit Ratio: 11.11% (PY: 1.12%) - Enhanced bottom-line performance
  • Return on Net Worth: 15.72% (PY: 2.13%) - Better returns to shareholders

Corporate Governance Compliance

The company has complied with all mandatory requirements of SEBI (LODR) Regulations, 2015 relating to corporate governance. All applicable committees (Audit, Nomination & Remuneration, Stakeholders Relationship) are constituted and functional.

Internal Financial Controls

The company has adequate internal financial controls systems commensurate with its size and operations. The internal audit function reports directly to the Audit Committee.

Material Litigations

Details of disputed statutory dues amounting to ₹108.56 Lacs are provided, including cases related to income tax, entry tax, and electricity duty pending before various forums.

Going Concern

The financial statements have been prepared on a going concern basis. The auditors have expressed an unmodified opinion on the financial statements.

Forward-looking Statements

The Management Discussion and Analysis contains forward-looking statements based on current expectations and assumptions. Actual results may differ due to various risks and uncertainties.