Haria Apparels 2026 Annual Report and AGM Notice

Financial Performance Highlights (Standalone)

Income Statement (Amount in ₹ Lakhs)

| Particulars | FY 2025-26 | FY 2024-25 |

| Total Income | 1201.79 | 237.40 |

| Revenue from Operations | 969.43 | 0.00 |

| Other Income | 232.37 | 237.40 |

| Expenditure | 1081.59 | 116.48 |

| Profit before Depreciation, Finance Charges and Tax | 120.20 | 120.92 |

| Interest and Finance Charges | 36.87 | 16.39 |

| Depreciation | 19.06 | 20.53 |

| Profit before Tax | 64.27 | 84.00 |

| Taxes | (7.22) | 0.35 |

| Profit after Tax | 71.49 | 83.65 |

| Earnings Per Share (Basic & Diluted) | ₹0.47 | ₹0.55 |

Balance Sheet Position (Amount in ₹ Lakhs)

| Particulars | March 31, 2026 | March 31, 2025 |

| Total Assets | 1701.63 | 1511.81 |

| Non-Current Assets | 1431.32 | 1444.43 |

| Current Assets | 270.31 | 67.38 |

| Equity Share Capital | 1528.98 | 1528.98 |

| Other Equity | (844.67) | (916.17) |

| Total Equity | 684.31 | 612.81 |

| Total Liabilities | 1017.32 | 899.00 |

Key Balance Sheet Items

Property, Plant & Equipment: ₹253.46 lakh (₹198.07 lakh in FY25)
Loans to Related Parties: ₹784.05 lakh (₹775.68 lakh in FY25)
Trade Receivables: ₹189.65 lakh (₹15.23 lakh in FY25)
Inventories: ₹50.07 lakh (₹0.05 lakh in FY25)
Cash & Cash Equivalents: ₹15.09 lakh (₹29.22 lakh in FY25)
Borrowings: ₹27.58 lakh (₹51.69 lakh in FY25)

Operational Performance

Revenue from operations during the year was ₹969.43 lakh compared to nil in previous year
Other income was ₹232.37 lakh compared to ₹237.40 lakh in previous year
The company made a profit of ₹71.49 lakh compared to ₹83.65 lakh in previous year
No dividend declared due to inadequate profits
No amount transferred to reserves

AGM Details

Date: September 30, 2026
Time: 11:00 AM
Mode: Video Conferencing and Other Audio-Visual Medium
Cut-off Date: September 23, 2026
E-voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Agenda Items

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Mr. Rajesh Suryaprasad Parmar (DIN: 03086652) as director retiring by rotation

3. Re-appointment of M/s. RAKCHAMPS & Co. LLP as statutory auditors for second term of 5 years

Board and Committee Meetings

Board Meetings: 7 meetings held during FY25-26 on April 28, 2025; May 30, 2025; June 26, 2025; July 18, 2025; August 14, 2025; November 14, 2025; February 13, 2026
Audit Committee: 4 meetings held during the year
Attendance: All directors attended 100% of board meetings

Directors and Key Managerial Personnel

Executive Directors: Mr. Bimal Kantilal Haria (Director & CFO), Mr. Rajesh Suryaprasad Parmar (Whole Time Director)
Non-Executive Independent Directors: Mr. Nitin V. Oza, Mrs. Nehaben Joy Kothari, Mrs. Priti Yadav
Company Secretary: Mr. Suraj Babulal Shah
CFO: Mr. Bimal Kantilal Haria

Related Party Transactions

Significant Transactions (Amount in ₹ Lakhs)

| Loan Given | Haria Investments Pvt Ltd | 5.00 | 0.00 |

| Loan Received Back | Haria Investments Pvt Ltd | 19.00 | 0.00 |

| Interest Received | Best Knitting Mills Pvt Ltd | 61.24 | 61.24 |

| Salary | Rajesh Parmar | 5.93 | 5.50 |

| Salary | Juhi Haria | 2.70 | 3.36 |

| Salary | Suraj Shah (Company Secretary) | 2.40 | 2.40 |

Outstanding Balances (Amount in ₹ Lakhs)

| Party | Balance Mar 31, 2026 | Balance Mar 31, 2025 |

| Best Knitting Mills Pvt Ltd | 783.93 | 775.56 |

| Haria Investments Pvt Ltd | 3.00 | 17.00 |

Share Capital and Ownership

Paid-up Equity Capital: ₹1,528.98 lakh (15,289,800 shares of ₹10 each)
Promoter Holding: Mr. Bimal Kantilal Haria holds 8,944,473 shares (58.50%)
Dematerialized Shares: 98.06% of equity capital
No shares issued during the year

Internal Financial Controls

Company has adequate internal financial controls with reference to financial statements
Auditors confirmed operating effectiveness of internal financial controls
Whistle Blower Policy implemented with direct access to Audit Committee Chairman

Regulatory and Compliance Matters

No significant material orders passed by regulators or courts
No instances of non-compliance with SEBI regulations
Company paid listing fees to BSE for 2025-2026
No deposits accepted from public under Section 73 of Companies Act, 2013

Corporate Governance

Compliance with SEBI Listing Regulations confirmed
Board comprises 5 directors (2 executive, 3 non-executive independent)
All mandatory committees constituted: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee
Formal evaluation of Board, its committees and directors conducted

Risk Management

Company has adopted Risk Management Policy/Plan
Risk assessment covers identification, assessment, analysis and mitigation
Risk management process incorporates sustainability considerations

Other Significant Disclosures

Foreign Exchange: No foreign exchange earnings or outgo
Conservation of Energy: Not applicable to company's operations
Technology Absorption: Not applicable
Corporate Social Responsibility: Not applicable as company doesn't meet threshold criteria
Sexual Harassment: No complaints received during the year
Employee Remuneration: No employee received remuneration exceeding prescribed limits

Capital Structure Impact

No change in share capital during the year
No dilution of promoter holding
Debt-equity ratio improved to 0.02 from 0.04

Cash Flow Implications

Net cash used in operating activities: ₹115.67 lakh
Net cash used in investing activities: ₹68.83 lakh
Net cash used in financing activities: ₹60.97 lakh
Net decrease in cash: ₹14.13 lakh

Forward-looking Statements

Management Discussion & Analysis highlights:

Opportunities: Growing domestic middle class, e-commerce expansion, government policy support
Threats: Input material volatility, intense competition, macroeconomic trends
Outlook: Cautiously optimistic with focus on domestic footprint expansion and fiscal discipline