Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Business Update
Date of Board Meeting / Approval: August 14, 2026 (Meeting time: 5:00 PM to 7:00 PM)
Audit Opinion: Clean (Limited Review Report with no modifications)
Auditor's Comment: No material misstatements found; prepared in accordance with Indian Accounting Standards
Key Financial Highlights [Rs. in Lakhs]
Standalone Results:
Revenue from Operations: ₹2,498.08 (vs. ₹2,465.85 in Q1 FY26 - slight increase)
Total Income: ₹2,508.26
Net Profit: Loss of ₹265.31 (vs. Loss of ₹34.36 in Q1 FY26 - deterioration)
EPS: Basic and Diluted: (₹9.67) per share of INR 5 each
Other Equity: ₹3,734.46
Cash and Cash Equivalents: ₹59.83
Debt:
- Non-current borrowings: ₹2,362.10
- Current borrowings: ₹4,246.49
- Total Borrowings: ₹6,608.59
Expense Breakdown [Rs. in Lakhs]:
Cost of materials consumed: ₹1,673.79
Purchases of stock-in-trade: ₹0.29
Changes in inventories: ₹134.92
Employee benefits expense: ₹69.25
Finance costs: ₹123.51
Depreciation and amortisation expense: ₹114.36
Other Expenses: ₹657.45
Total Expenses: ₹2,773.57
Segment-wise Performance:
The Company operates in a single business segment "Textile" (as per Ind AS 108). The company manufactures Cotton Yarn and has acquired a Fabric Manufacturing unit on Slump Sale Basis effective from March 31, 2025. The fabric manufacturing unit contributed around ₹687 lakhs of revenue during a 1-month period.
Corporate Actions:
Not Specified
Expansion and Modernisation Update:
Processing Division:
- Erection and installation work for expanded Processing Division in final stage
- Expected completion within next one month
- Commercial production expected to commence by end of September 2026
- Company has already commenced job work services on trial basis for clients
Spinning Division:
- Banking facilities shifted from HDFC Bank to Cosmos Bank
- Expansion loan facility sanctioned from Cosmos Bank
- Order placed with Rieter India Private Limited for 11,040 additional spindles
- Machinery delivery expected within next one month
- Installation and commissioning expected completed by end of November 2026
- Commercial production with expanded capacity expected by end of November 2026
Other Significant Information:
- The company adopted Indian Accounting Standards (Ind AS) from April 1, 2017
- Figures for comparative periods have been restated to comply with Ind-AS for comparability
- Some balances (trade payables, other liabilities, loans & advances) are subject to confirmation and reconciliation
- The expansion project was originally disclosed on July 12, 2025