Board Meeting Details
The Board of Directors meeting was held on Thursday, 12th November 2026, commencing at 11:15 AM IST and concluding at 12:15 PM IST.
Key Approvals
1. Approved unaudited standalone financial results for the quarter and half year ended 30th September 2026
2. Approved change in Corporate Office to: "Olympia Crest, 6th Floor, Plot No. 73, Electrical and Electronics Industrial Estate, Rajiv Gandhi Salai, Zone 1, Perungudi, Chennai – 600096, Tamil Nadu"
Financial Results Highlights (Quarter Ended 30-Sep-26)
- Revenue from Operations: ₹106.59 crore (vs ₹100.96 crore YoY)
- Other Income: ₹0.83 crore (vs ₹0.88 crore YoY)
- Total Income: ₹107.42 crore (vs ₹101.84 crore YoY)
- Purchase of stock-in-trade: ₹66.50 crore
- Employee benefit expenses: ₹6.62 crore
- Finance Costs: ₹4.66 crore
- Depreciation: ₹2.82 crore
- Other Expenses: ₹27.32 crore (includes ₹1.66 crore interest on delayed MSME payments)
- Profit before tax: ₹2.93 crore (vs ₹1.15 crore YoY)
- Tax Expense: ₹(2.16) crore (deferred tax)
- Net Profit for the period: ₹5.09 crore (vs ₹(0.38) crore loss YoY)
- Earnings Per Share (Basic): ₹1.00 (vs ₹(0.08) YoY)
Half Year Performance (30-Sep-26)
- Revenue from Operations: ₹188.33 crore (vs ₹169.74 crore YoY)
- Net Profit for the period: ₹4.26 crore (vs ₹(6.57) crore loss YoY)
- Earnings Per Share (Basic): ₹0.84 (vs ₹(1.30) YoY)
Balance Sheet Position (as at 30-Sep-26)
- Total Assets: ₹444.35 crore (vs ₹438.98 crore as at 31-Mar-26)
- Inventories: ₹73.24 crore
- Trade Receivables: ₹252.90 crore
- Cash and Cash Equivalents: ₹0.05 crore
- Equity Share Capital: ₹10.13 crore (unchanged)
- Other Equity: ₹177.79 crore (vs ₹173.79 crore as at 31-Mar-26)
- Total Borrowings: ₹96.58 crore (₹11.97 crore non-current + ₹84.61 crore current)
Cash Flow Statement (Half Year Ended 30-Sep-26)
- Net cash from operating activities: ₹(0.62) crore
- Net cash from investing activities: ₹0.44 crore
- Net cash from financing activities: ₹0.18 crore
- Cash and cash equivalents at end: ₹0.05 crore
Additional Information
- The financial results were reviewed by the Audit Committee and approved by the Board
- Statutory auditors SRSV & Associates issued a limited review report with no material misstatements
- Company operates exclusively in apparel and accessories segment
- Revenue is unevenly spread throughout the year
- Previous period figures have been re-grouped/re-stated where necessary
Corporate Office Change
Corporate office relocated to new Chennai address while registered office remains at Survey No. 549/2 & 232, Plot No 4 Thirukkachiyur & Sengundram Industrial Area, Singaperumal Koil Post, Chengalpattu – 603204, Tamil Nadu.