Key Decisions and Approvals

The Board of Directors at its meeting held on May 22, 2026 (8:00 PM to 9:30 PM) considered and approved the following:

1. The audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2026.

2. Enhancing the corporate guarantee limit provided to BRFL Textiles Private Limited from ₹300 Crores to ₹400 Crores.

Financial Results Overview (Consolidated - FY Ended March 31, 2026)

  • Total Income: ₹4,06,495.85 lakhs (Previous Year: ₹3,91,718.39 lakhs)
  • Profit Before Tax (PBT): ₹17,162.35 lakhs (PY: ₹21,807.47 lakhs)
  • Total Tax Expense: ₹7,149.17 lakhs (PY: ₹5,953.38 lakhs)
  • Net Profit: ₹10,013.18 lakhs (PY: ₹15,854.09 lakhs)
  • Other Comprehensive Income (Loss): ₹(10,256.81) lakhs (PY: ₹879.53 lakhs)
  • Total Comprehensive Income: ₹(243.63) lakhs (PY: ₹16,733.62 lakhs)
  • Earnings Per Share (EPS) - Basic: ₹13.71 (PY: ₹22.36)
  • Earnings Per Share (EPS) - Diluted: ₹13.11 (PY: ₹21.45)

Financial Results Overview (Standalone - FY Ended March 31, 2026)

  • Total Income: ₹2,81,459.83 lakhs (PY: ₹2,57,628.70 lakhs)
  • Profit Before Tax (PBT): ₹26,698.44 lakhs (PY: ₹24,586.89 lakhs)
  • Total Tax Expense: ₹6,305.61 lakhs (PY: ₹5,454.48 lakhs)
  • Net Profit: ₹20,392.83 lakhs (PY: ₹19,132.41 lakhs)
  • Other Comprehensive Income (Loss): ₹(6,955.79) lakhs (PY: ₹(997.52) lakhs)
  • Total Comprehensive Income: ₹13,437.04 lakhs (PY: ₹18,134.89 lakhs)
  • Earnings Per Share (EPS) - Basic: ₹27.93 (PY: ₹26.98)
  • Earnings Per Share (EPS) - Diluted: ₹26.70 (PY: ₹25.88)

Corporate Guarantee Enhancement

  • Action: Enhanced corporate guarantee limit for BRFL Textiles Private Limited (BTPL).
  • Previous Limit: ₹300 Crores
  • New Approved Limit: ₹400 Crores
  • Purpose: To enable BTPL to avail working capital / term loan facilities from banks from time to time.
  • Nature of Transaction: The promoter or promoter group is not an interested party to this transaction.
  • Financial Impact: In the event of a default in loan repayment by BTPL, the Company shall be liable to indemnify the Bank(s) and repay the outstanding loan. The maximum contingent exposure is ₹400 Crores.

Audit Opinion

M/s. MSKA & Associates LLP (Firm Registration Number: 105047W/W101187), the Statutory Auditors, issued unmodified (clean) audit reports on both the Standalone and Consolidated financial results for the year ended March 31, 2026.

Subsidiaries Included in Consolidation

The consolidated results include the following subsidiaries:

1. SNS Clothing Private Limited

2. Vignesh Apparels Private Limited

3. Gokaldasexports Acharpura Private Limited

4. Sri Susamyuta Knits Private Limited

5. Matrix Design & Industries Private Limited

6. Gokaldas Exports Corporation, USA

7. Gokaldas Exports FZCO, UAE (including subsidiaries Ambiro S.A, UAE and Atraco Logistics LLC, UAE)

8. Nava Apparels LLC-FZ (including subsidiaries Ashton Mombasa Apparel EPZ Limited, Kenya and Ashton Apparel Manufacturing Limited, Ethiopia)

The financial results of three subsidiaries (with total assets of ₹879.37 lakhs) were audited by other auditors, and the company's opinion relies on their reports.

Other Material Disclosures

  • Impact of New Labour Codes: The consolidation of 29 labour laws into four new Labour Codes resulted in a one-time incremental provision of ₹314.33 lakhs (Consolidated) and ₹304.06 lakhs (Standalone) for employee benefits expense due to recognition of past service costs.
  • Investment in BRFL Textiles Private Limited (BTPL): The company had subscribed to Optionally Convertible Debentures (OCDs) of ₹22,500 lakhs in BTPL and acquired a 19% equity stake (110,089,019 equity shares and CCPS converted into 9,62,24,645 equity shares) for a consideration of ₹7,199.06 lakhs.
  • Amalgamation Scheme: The Board approved a scheme of amalgamation of BTPL with the company on August 9, 2025. The scheme is subject to regulatory approvals, and no financial impact is recorded in these results.
  • Quarterly Figures: The figures for the quarter ended March 31, 2026, are derived as a balancing figure between the audited full-year results and the previously published unaudited nine-month figures.