Board Meeting Outcome

Board of Directors meeting held on August 13, 2026, from 4:30 PM to 5:30 PM approved:

  • Unaudited financial statements for the first quarter ended June 30, 2026
  • Notice of 44th Annual General Meeting and Director's report along with annexures

Annual General Meeting

44th Annual General Meeting scheduled for Tuesday, September 29, 2026. Pursuant to MCA circulars, the company will provide video conferencing (VC) or other audio visual means (OAVM) platform for member participation.

Financial Results for Quarter Ended June 30, 2026 (Unaudited)

All figures in ₹ lakhs except per share data:

Income Statement

  • Revenue from operations: ₹1,184 lakhs (Q1 FY2025: ₹701 lakhs; Q4 FY2026: ₹1,199 lakhs; FY2026: ₹3,145 lakhs)
  • Other Income: ₹1 lakh (Q1 FY2025: ₹2 lakhs; Q4 FY2026: ₹2 lakhs; FY2026: ₹7 lakhs)
  • Total Income: ₹1,185 lakhs (Q1 FY2025: ₹703 lakhs; Q4 FY2026: ₹1,201 lakhs; FY2026: ₹3,152 lakhs)

Expenses Breakdown

  • Cost of material consumed: ₹548 lakhs
  • Purchase of stock-in-trade: ₹283 lakhs
  • Changes in inventories: (₹12) lakhs
  • Employee benefits expense: ₹52 lakhs
  • Finance Costs: ₹0
  • Depreciation and amortization: ₹21 lakhs
  • Power and Fuel: ₹142 lakhs
  • Other Expenses: ₹175 lakhs
  • Total Expenses: ₹1,209 lakhs

Profitability Metrics

  • Profit/(Loss) before exceptional items and tax: (₹24) lakhs
  • Exceptional Items: ₹7 lakhs (surcharge and interest waiver on power charges for period October 2016 to March 2024)
  • Profit before tax: (₹17) lakhs
  • Tax Expense: ₹0 (both current and deferred tax)
  • Profit/(Loss) for the period: (₹17) lakhs (Q1 FY2025: (₹62) lakhs; Q4 FY2026: (₹157) lakhs; FY2026: (₹502) lakhs)
  • Total Comprehensive Income: (₹17) lakhs

Capital Structure and Per Share Data

  • Paid-up equity share capital (face value ₹10 each): ₹579 lakhs
  • Reserves (excluding revaluation reserves): Not quantified
  • Earnings per share (₹10 each, not annualized):
  • Basic EPS (before exceptional items): (₹0.42)
  • Diluted EPS (before exceptional items): (₹0.42)
  • Basic EPS (after exceptional items): Not provided for current quarter
  • Diluted EPS (after exceptional items): Not provided for current quarter

Comparative Period Data

Quarter ended March 31, 2026 figures are balancing figures between audited full financial year and published year-to-date figures up to third quarter.

Exceptional Items Details

  • Q1 FY2026: ₹7.00 lakhs - surcharge and interest waiver on power charges for period October 2016 to March 2024
  • Q4 FY2026: ₹103.00 lakhs - includes ₹103.00 lakhs surcharge/interest waiver on power charges (Oct 2016-Mar 2024) and ₹50.00 lakhs profit on sale of old machinery
  • Q1 FY2025: ₹30.00 lakhs - profit on sale of old machinery
  • FY2026: ₹153.00 lakhs - total exceptional items

Business Segment

Company is primarily engaged in manufacturing of Cotton Yarn, which is the only reportable segment as per Ind AS 108 "Operating Segments".

Financial Statement Basis

  • Prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of Companies Act 2013
  • Figures regrouped and rearranged wherever necessary for comparability
  • Results reviewed by Audit Committee and approved by Board of Directors on August 13, 2026

Auditor Review

Statutory auditors Brahma Yya & Co. (FRN: 000513S) conducted limited review of unaudited financial results for quarter ended June 30, 2026. Based on their review, nothing came to their attention causing belief that the statement contains material misstatement or has not disclosed required information under Regulation 33 of SEBI (LODR) Regulations, 2015.