Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30 June 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations
Audit Opinion:
Clean/Unmodified - Limited review reports issued by S S Kothari Mehta & Co. LLP (Firm Registration Number: 000756N) for both standalone and consolidated financial results. No material misstatements identified.
Key Financial Highlights [₹ in crores]:
Standalone Results:
Revenue from Operations: Not separately specified
Total Income: ₹824.76 crore
Net Profit: ₹33.75 crore
EPS: Basic ₹12.9, Diluted ₹12.9 (face value ₹10 each)
Paid-up equity share capital: ₹261.11 crore
Other Equity: Not specified
Cash and Cash Equivalents: Not specified
Debt: Not specified
Consolidated Results:
Revenue from Operations: ₹936.64 crore
Total Income: ₹940.20 crore
EBITDA: ₹108.04 crore (11.49% margin)
Net Profit: ₹63.74 crore (attributable to owners)
EPS: Basic ₹2.44, Diluted ₹2.44 (face value ₹10 each)
Paid-up equity share capital: ₹261.11 crore
Other Equity: Not specified
Cash and Cash Equivalents: Not specified
Debt: Not specified
Performance Comparison:
Consolidated Q1 FY27 vs Q1 FY26: Total Income decreased 28.15% from ₹1,308.56 crore to ₹940.20 crore, while Net Profit increased 20.83% from ₹52.75 crore to ₹63.74 crore
Consolidated Q1 FY27 vs Q4 FY26: Total Income decreased 22.10% from ₹1,206.93 crore to ₹940.20 crore
EBITDA margin improved to 11.49% in Q1 FY27 from 7.66% in Q1 FY26
Segment-wise Performance:
The Company operates in one reportable segment: manufacturing and trading of polyester goods
Corporate Actions:
Dividend declarations: Not specified
Share split/bonus/buyback: Not specified
Capital raising: Not specified
Director Appointments/Re-appointments:
- Mr. Om Prakash Lohia (DIN: 00206807) re-appointed as Chairman and Managing Director for 3 years from 26 December 2026 to 25 December 2029, subject to shareholder approval
- Mr. Dharmpal Agarwal (DIN: 00084105) re-appointed as Independent Director for second term of 5 years from 25 November 2026 to 24 November 2031, subject to shareholder approval
Committee Reconstitution:
Stakeholders Relationship Committee reconstituted with:
- Mr. Ravi Capoor (Independent Director) - Chairman
- Mr. Om Prakash Lohia (Executive Director) - Member
- Mr. Vishal Lohia (Executive Director) - Member
- Mr. Sanjay Gupta (Whole-time Director) - Member
- Mr. Vipin Kumar (Non-executive Non-Independent Director) - Member
- Mr. Atim Kabra (Independent Director) - Member
Other Disclosures:
- 40th AGM to be held on 8 September 2026 through Video Conferencing/OVAM
- Notice of AGM and Board's Report amended due to change in board composition
- No defaults, covenant breaches, or restructuring disclosed
Other Significant Information:
- Production capacity: 6,72,000 tons per annum of various polyester products
- Manufacturing complex located at A-31, MIDC Industrial Area, Butibori, Nagpur - 441122, Maharashtra
- Corporate office at Plot No. 53 & 54, Delhi Press Building, Phase-IV, Udyog Vihar, Gurugram-122015, Haryana
- Reason for revenue decline: Volume impact due to West Asia geopolitical issues
- Profit improvement due to improved margins, product mix, and market sentiments