Harikanta Overseas FY26 PAT Rises 43% to ₹6.45 Crore

Revenue from Operations: ₹4,608.14 Lakhs (FY 2024-25: ₹3,517.30 Lakhs)
Other Income: ₹59.62 Lakhs (FY 2024-25: ₹29.27 Lakhs)
Total Income: ₹4,667.76 Lakhs (FY 2024-25: ₹3,546.57 Lakhs)
Profit Before Tax (PBT): ₹846.28 Lakhs (FY 2024-25: ₹623.84 Lakhs)
Profit After Tax (PAT): ₹644.94 Lakhs (FY 2024-25: ₹451.16 Lakhs)
Earnings Per Share (EPS): ₹8.96 (Basic & Diluted) (FY 2024-25: ₹9.77)
Export Sales: ₹1,928.86 Lakhs (FY 2024-25: ₹1,546.42 Lakhs)

IPO Opening Date: May 20, 2026
IPO Closing Date: May 27, 2026
Allotment Date: May 29, 2026 (Board Meeting)
Listing Date: June 2, 2026 (BSE SME Platform)
AGM Date: September 21, 2026
E-Voting Cut-off Date: September 14, 2026
Remote E-Voting Period: September 17, 2026 (9:00 AM IST) to September 20, 2026 (5:00 PM IST)
Auditor Resignation Date: August 20, 2026 (M/s A.H. Jain & Co.)
New Auditor Appointment Date: August 25, 2026 (Board Meeting for M/s Jain Shrimal & Co.)

Regulators: BSE Limited, SEBI, Registrar of Companies
Statutory Auditors: M/s A.H. Jain & Co., Chartered Accountants (Resigned); M/s Jain Shrimal & Co., Chartered Accountants (Proposed)
Registrar & Share Transfer Agent: Bigshare Services Private Limited
Book Running Lead Manager: Interactive Financial Services Private Limited
Subsidiary: Harikanta Weaving Private Limited
Promoters/Directors: Hardik Kamal Gotawala (Managing Director), Abhishek Nileshkumar Gotawala (Whole-Time Director & CFO), Nilesh Harivadan Gotawala (Whole-Time Director)
Independent Directors: Harshal Samirbhai Agrawal, Sefali Rahul Sanghvi, Shreyanshkumar Maheshkumar Shah
Key Managerial Personnel: Swati Omprakash Malu (Company Secretary), Shafali Narendrakumar Jain (CFO)

Pre-IPO Paid-up Capital: ₹7.20 Crore (71,95,740 equity shares of ₹10 each)
IPO Size: Fresh issue of 26,70,000 equity shares at ₹91 per share (including a premium of ₹81 per share)
Post-IPO Paid-up Capital: ₹9.87 Crore (98,65,740 equity shares of ₹10 each)
Promoter Holding Pre/Post-IPO: 97.25% pre-IPO; diluted post-IPO but exact percentage not disclosed in provided data

CSR Spending: Required to spend ₹5.16 Lakhs for FY 2025-26; amount was not spent during the year but was spent subsequently in FY 2026-27.
Dividend: No dividend recommended for FY 2025-26.
Reserves: No amount transferred to reserves for the year.
Related Party Transactions: Material RPTs proposed for FY 2026-27 with entities like Shree Jalaram Enterprise (up to ₹55 Lakhs), Abhishek Tex Fab (up to ₹21 Lakhs), Tripura Textiles (up to ₹21 Lakhs), and Mansi Enterprise (up to ₹21 Lakhs) for leasing of plots and machinery.
Auditor's Remark: Emphasis of Matter on change in depreciation policy (SLM to WDV), listing post reporting period, and non-adoption of Ind AS.

IPO Proceeds: Inflow of ₹24.30 Crore from fresh issue.
Tax Paid: ₹82.87 Lakhs (Standalone) and ₹80.87 Lakhs (Consolidated) during the year.
Capital Expenditure: Purchase of Property, Plant and Equipment - ₹72.28 Lakhs (Standalone) and ₹188.32 Lakhs (Consolidated).

The company believes it is at an important stage of its growth journey.
Plans to expand product range to include nylon fabrics and increase the share of natural fiber fabrics.
Aims to add customers in existing international markets (Thailand, Bahrain, Singapore, Cambodia) and explore new export markets.
Focus on innovation, new product development, and reducing manufacturing costs.
Management remains prudently positive about medium to long-term growth prospects supported by the Indian textile industry's expansion.