Key Financial Figures (Standalone)

  • Gross Income: ₹228.84 crore (Previous year: ₹184.66 crore)
  • Profit before interest and depreciation: ₹22.80 crore (Previous year: ₹14.36 crore)
  • Financial Charges: ₹1.70 crore (Previous year: ₹1.61 crore)
  • Net Profit before Tax: ₹17.99 crore (Previous year: ₹9.73 crore)
  • Provision for Tax (Net) & Deferred Tax: ₹4.74 crore (Previous year: ₹2.25 crore)
  • Net Profit after Tax: ₹13.25 crore (Previous year: ₹7.49 crore)
  • Earnings per Share: ₹19.50 (Previous year: ₹11.01)
  • Balance of profit brought forward: ₹56.84 crore
  • Surplus carried to Balance Sheet: ₹70.09 crore

AGM Details

  • Date: August 21, 2026
  • Time: 10:00 AM IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Record Date: August 14, 2026

Ordinary Business Items

1. Adoption of audited Standalone Financial Statements for FY ended March 31, 2026

2. Re-appointment of Shri Ramnik Garg (DIN: 00188843) as Director retiring by rotation

Special Business Items

3. Grant of annual increment to Shri Navneet Garg, Executive Director - increasing basic pay from ₹8,08,500 to ₹8,57,000 per month effective April 1, 2026, with ceiling of ₹11,32,000

4. Grant of annual increment to Shri Ramnik Garg, Executive Director - increasing basic pay from ₹8,08,500 to ₹8,57,000 per month effective April 1, 2026, with ceiling of ₹11,32,000

5. Modification of earlier resolution to authorize Board to grant annual increments to Shri Rushil Garg, Executive Director with basic pay ceiling of ₹3,50,000

6. Appointment of Shri Rishit Garg (DIN: 10916774) as Executive Director for three years from August 21, 2026 to August 20, 2029 with initial basic pay of ₹1,50,000 per month and ceiling of ₹2,10,000

7. Appointment of Shri Shyam Karan Garg (DIN: 11736587) as Independent Director for five years

8. Appointment of Shri Aakash Goel (DIN: 10529788) as Independent Director for five years

9. Ratification of remuneration of ₹1,05,000 plus GST for Cost Auditors M/s DSA & Co for FY 2026-27

Key Operational Highlights

  • Revenue growth of approximately 24% YoY
  • EBITDA growth of approximately 59% YoY
  • PAT growth of approximately 77% YoY
  • Unit-2 at Bhigan expected to start commercial production by end-October 2026, adding 115 lakh metres per year capacity for PVC coated fabrics
  • Installed capacity of PU coated fabrics increased from 30 lakh metres to 40 lakh metres per annum (33% increase)
  • Budgeted revenue of ₹345 crore for FY 2026-27 (50%+ growth)

Capital Structure Impact

  • No change in share capital during FY 2025-26
  • Paid-up equity share capital remains at ₹6.80 crore (67,98,000 equity shares of ₹10 each)
  • 100% of paid-up share capital is in dematerialized form

Corporate Governance

  • Board comprises 8 Directors (4 Executive, 4 Independent)
  • 8 Board meetings held during the year
  • All mandatory committees constituted (Audit, Nomination & Remuneration, Stakeholders' Relationship, Finance)
  • Company has ISO 9001:2015, ISO 14001:2015, and IATF 16949:2016 certifications

Related Party Transactions

All related party transactions were on arm's length basis and in ordinary course of business. No material transactions with promoters, directors, management or their relatives having potential conflict with company interests.

Voting Information

  • Remote e-voting period: August 17-20, 2026
  • Electronic Voting Sequence Number (EVSN): 260603005
  • Scrutinizer: Sakshi Vashisth & Associates, Company Secretaries

Future Outlook

  • New plant at Bhigan to significantly increase installed capacity of PVC coated fabrics
  • Capacity addition of PU resin/adhesive for bulk production
  • Supply of PU coated fabrics to automotive sector commenced towards FY end
  • Expected productivity increase of 10% and operating profit before tax increase of approximately ₹1000 lakh in FY 2026-27