Financial Performance Highlights

FY 2025-26 Financial Results (Standalone):

  • Revenue from Operations: ₹244.79 Crore (compared to ₹220.78 Crore in FY 2024-25)
  • Other Operating Income: ₹0.68 Crore
  • Total Income: ₹245.47 Crore
  • Profit before depreciation, exceptional items and tax: ₹236.67 Crore
  • Depreciation and amortization expense: ₹2.10 Crore
  • Profit before tax: ₹6.70 Crore
  • Tax Expense: ₹1.82 Crore
  • Net profit for the period: ₹4.88 Crore (compared to ₹4.68 Crore in previous year)

Share Capital Structure:

  • Authorized Share Capital: ₹23.00 Crore divided into 2,30,00,000 equity shares of ₹10 each
  • Paid-up Share Capital: ₹22.44 Crore divided into 2,24,39,360 equity shares
  • The company was successfully listed on BSE Limited on December 3, 2025
  • IPO: Issued and allotted 75,00,000 equity shares at ₹38 per share, aggregating ₹28.50 Crore

34th Annual General Meeting Details

  • Date: Thursday, August 27, 2026
  • Time: 1:00 PM
  • Mode: Video Conferencing / Other Audio Visual Means
  • Cut-off date for voting: Thursday, August 20, 2026
  • E-voting period: August 24, 2026 (9:00 AM) to August 26, 2026 (5:00 PM)

Business to be Transacted at AGM

Ordinary Business:

1. Adoption of audited Standalone Financial Statements for FY ended March 31, 2026 and reports of Board of Directors and Auditors

2. Re-appointment of Mrs. Asha Shah (DIN: 00041005) who retires by rotation

3. Re-appointment of Mr. Manish Shah as Managing Director for 5 years from June 1, 2026

4. Re-appointment of Mr. Nilesh Jain as Whole-time Director for 5 years from June 1, 2026

Special Business:

5. Appointment of M/s. Nidhi Bajaj & Associates as Secretarial Auditor for FY 2026-27 to 2030-31 at remuneration of ₹75,000 per annum plus taxes

6. Appointment and remuneration ratification of M/s. Satish Gupta as Cost Auditor for FY 2026-27 at ₹50,000 plus taxes

7. Approval of material related party transaction with JK Fabtex Industries Private Limited for aggregate amount not exceeding ₹15 Crore for FY 2026-27

Corporate Actions and Developments

  • The company successfully completed its IPO and got listed on BSE SME platform on December 3, 2025
  • Increased Authorized Share Capital from ₹22.50 Crore to ₹23.00 Crore during the year
  • No dividend recommended for the year to preserve funds for future business
  • No material changes in the nature of business during the financial year

Board and Management Details

Board of Directors and Key Managerial Personnel:

  • Mr. Manish Kantilal Shah - Managing Director (DIN: 00040966)
  • Mr. Nilesh Kantilal Jain - Whole-time Director (DIN: 00040930)
  • Mrs. Asha Manish Shah - Non-Executive Director (DIN: 00041005)
  • Mrs. Priyanka Mayuresh Oka - Independent Director (DIN: 08066379)
  • Mrs. Naina Israni - Independent Director (DIN: 10410689)
  • Mr. Naman Shah - CFO
  • Mrs. Saachi Rajesh Madnani - Company Secretary and Compliance Officer

Board Meetings:

  • 24 Board meetings held during FY 2025-26
  • All directors attended all board meetings

Auditor Appointments

  • Statutory Auditors: M/s. Borkar & Mazumdar, Chartered Accountants (until FY 2028-29)
  • Internal Auditor: M/s. N G Jain & CO
  • Secretarial Auditor: M/s. Nidhi Bajaj & Associates
  • Cost Auditor: M/s. Satish Gupta

Related Party Transactions

Significant related party transactions during FY 2025-26 included:

  • Purchase from JK Fabtex: ₹2.20 Crore
  • Sales to JK Fabtex: ₹1.15 Crore
  • Sales to Krizz Mart: ₹0.55 Crore
  • Job work charges paid to JK Fabtex: ₹6.09 Crore
  • Loans & advances given to JK Fabtex: ₹5.84 Crore
  • Interest on loan given to JK Fabtex: ₹0.33 Crore

Capital Structure Impact

The IPO resulted in increase in paid-up share capital from ₹14.94 Crore to ₹22.44 Crore, representing significant dilution but providing growth capital.

Corporate Governance and Compliance

  • The company has established all mandatory committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee
  • Whistle Blower Policy and Vigil Mechanism in place
  • No fraud reported by auditors
  • No sexual harassment complaints received during the year

Forward-looking Statements

The management remains optimistic about the textile industry outlook, citing rising domestic consumption, export opportunities, and government initiatives like PM MITRA Scheme and PLI Scheme as growth drivers.