Key Financial Figures (Standalone)

  • Revenue from Operations: ₹35,168.47 lakh (Previous Year: ₹38,933.14 lakh)
  • Other Income: ₹573.22 lakh (Previous Year: ₹509.60 lakh)
  • Total Revenue: ₹35,741.69 lakh (Previous Year: ₹39,442.74 lakh)
  • Profit/(Loss) before depreciation, interest, exceptional item and tax (PBDIT): ₹442.09 lakh profit (Previous Year: ₹134.94 lakh profit)
  • Interest & Financial Expenses: ₹1,727.59 lakh (Previous Year: ₹1,854.39 lakh)
  • Depreciation: ₹1,123.01 lakh (Previous Year: ₹1,366.66 lakh)
  • Net Loss after Tax: ₹(2,408.51) lakh (Previous Year: ₹(3,086.11) lakh)
  • Total Comprehensive Loss: ₹(2,245.52) lakh (Previous Year: ₹(3,058.43) lakh)
  • Earnings per Share (Basic & Diluted): ₹(1.78) (Previous Year: ₹(2.28))
  • Accumulated Losses: ₹14,767.64 lakh (Previous Year: ₹12,522.12 lakh)
  • Net Worth: ₹(1,235.42) lakh (Previous Year: ₹1,010.10 lakh)

Production & Sales Metrics

  • Acrylic Fibre Production: 14,116 MT (Previous Year: 16,592 MT)
  • Acrylic Fibre Sales: 8,728 TMT (Previous Year: 11,877 MT)
  • Acrylic Yarn Production: 7,056 MT (Previous Year: 6,275 MT)
  • Acrylic Yarn Sales: 7,141 MT (Previous Year: 6,867 MT)
  • Export Sales: ₹12,142.96 lakh (Previous Year: ₹7,554.49 lakh)
  • Domestic Sales: ₹23,025.51 lakh (Previous Year: ₹31,378.65 lakh)

AGM Details

  • Date: Tuesday, September 29, 2026
  • Time: 11:00 A.M.
  • Venue: Registered Office at Village Harkishanpura, Sub-Tehsil Bhawanigarh, Distt. Sangrur (Punjab) - 148026
  • Book Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • Cut-off Date for E-voting: September 22, 2026
  • E-voting Period: September 26, 2026 (9:00 A.M.) to September 28, 2026 (5:00 P.M.)

Business to be Transacted

Ordinary Business

1. Adoption of Audited Financial Statements (Standalone and Consolidated) for year ended March 31, 2026 and Reports of Directors and Auditors

2. Appointment of Director: Shri Dheeraj Garg (DIN: 00034926) retires by rotation and offers himself for re-appointment

Special Business

3. Ratification of remuneration of ₹50,000/- plus applicable taxes and out-of-pocket expenses to M/s V. Kumar & Associates (Cost Auditors) for FY 2026-27 (Ordinary Resolution)

4. Re-appointment of Shri R.K. Garg (DIN: 00034827) as Managing Director for three years w.e.f. March 1, 2027 (Special Resolution)

  • Salary: ₹20,00,000 per month inclusive of all perks and facilities
  • Commission: 5% of net profits computed under Section 198 of Companies Act, 2013
  • Minimum remuneration payable in case of losses or inadequate profits

5. Re-appointment of Shri Alok Goyal (DIN: 08049515) as Executive Director (Works) for three years w.e.f. March 1, 2027 (Special Resolution)

  • Salary: ₹1,51,310 per month
  • HRA: 20% of salary plus free accommodation
  • Special Allowance: ₹1,22,528 per month
  • Other perquisites as per company rules

Subsidiary Information

  • Wholly Owned Subsidiary: Carlit Trading Europe S.L.U. (Spain)
  • Investment: €3,000 in 3,000 shares of face value €1 each
  • Status: Inactive since September 2021 as per Spanish Law due to losses and lack of clear future outlook
  • FY26 Performance: Loss of ₹0.23 lakh (converted from Euros at exchange rate 108.0916)

Directors & Key Management Personnel

  • Board Composition: 10 Directors (7 Non-Executive, 5 Independent)
  • Board Meetings: 4 meetings held during the year
  • Changes: Shri Dheeraj Garg retires by rotation and offers himself for re-appointment
  • Familiarization Program: Directors provided with necessary documents/policies and opportunity to visit company's plant

Capital Structure & Shareholding

  • Paid-up Share Capital: ₹13,532.22 lakh (135,322,162 equity shares of ₹10 each)
  • Dematerialized Shares: 93.59% of equity share capital (126,654,000 shares)
  • Promoter Holding: 62.56% (84,662,243 shares)
  • Public Holding: 36.17% (48,952,447 shares)

Bankers

  • Punjab National Bank
  • State Bank of India
  • HDFC Bank Limited

Borrowings & Liabilities

  • Non-Current Borrowings: ₹19,180.17 lakh (Previous Year: ₹13,329.79 lakh)
  • Current Borrowings: ₹3,896.88 lakh (Previous Year: ₹4,882.10 lakh)
  • Secured: Term loans secured by mortgage on immovable assets and hypothecation of movable assets
  • Unsecured: Inter-corporate loans from promoter-assisted entities

Contingent Liabilities

  • Sales Tax Surcharge: ₹78.68 lakh (under dispute at Supreme Court)
  • Excise Duty Demands: ₹62.58 lakh (under dispute at various forums)
  • Customs Duty Demands: ₹29.37 lakh (under dispute)
  • GST Input Tax Credit Demand: ₹14.51 lakh (under dispute at Hon'ble PB&HR High Court)
  • Arbitration Award: US$10.22 lakh (approximately ₹959.28 lakh) in favor of E.I. DuPont (USA) - matter sub-judice

Other Material Information

  • Going Concern: Financial statements prepared on going concern basis despite accumulated losses exceeding share capital
  • R&D: Company has in-house R&D center registered with Ministry of Science & Technology
  • Corporate Governance: Company complies with SEBI LODR requirements
  • CSR: No CSR activities undertaken as company has no net profits under Section 198 of Companies Act, 2013
  • Vigil Mechanism: Whistle Blower Policy implemented, no complaints received during the year
  • Internal Financial Controls: Adequate and operating effectively as per auditor's report