Board Meeting Outcomes

The Board meeting commenced at 02:00 PM IST and concluded at 04:30 PM IST on May 27, 2026. Key transactions included:

1. Approval of Financial Statements: Considered and approved the Audited Standalone Financial Statements and Audited Standalone Financial Results for the year ended March 31, 2026, along with the Auditor's Report.

2. Appointment of Internal Auditor: Based on the Audit Committee's recommendation, approved the appointment of M/s Arpit Vijay & Co., Chartered Accountants (FRN: 017737C), as Internal Auditor of the Company. The firm is based in Jaipur, Rajasthan, with expertise in Income Tax, GST compliance, project finance, audit, and assurance services. The appointment was made at the Board meeting on May 27, 2026, to hold office until modified or terminated by the Board.

3. Appointment of Independent Director: Based on the Nomination and Remuneration Committee's recommendation, approved the appointment of Mr. Anjal Kejriwal (DIN: 11331629) as an Additional Director designated as Non-Executive Independent Director. The term is for five consecutive years from May 27, 2026, to May 26, 2031, subject to shareholder approval at the ensuing general meeting. Mr. Kejriwal is a commerce graduate from Kolkata University with over 15 years of entrepreneurial and business management experience in the textile industry. He is currently Proprietor of Creative Designs since December 2010 and has expertise in business operations, administration, and strategic management. He has no inter-se relationship with any other director and is not debarred from holding directorship.

4. Resignation of Independent Director: The Board noted and accepted the resignation of Mrs. Vani Jain (DIN: 08260267) as Independent Director, effective close of business hours on May 27, 2026. The resignation was tendered via letter dated May 20, 2026, due to pre-occupation, with no other material reasons stated.

Financial Results Overview

Auditor: H C Bothra & Associates (FRN: 008950C) provided an unmodified opinion on the financial results.

Key Financial Figures (Amounts in ₹ lakhs, except per share data):

  • Revenue from Operations (FY26): ₹31,365.62
  • Total Expenses (FY26): ₹30,770.52
  • Profit Before Tax (FY26): ₹595.10
  • Tax Expense (FY26): ₹149.97 (Current Tax: ₹202.54, Deferred Tax: ₹-52.57)
  • Profit for the Year (FY26): ₹445.13
  • Other Comprehensive Income (FY26): ₹37.22
  • Total Comprehensive Income (FY26): ₹482.35
  • Paid-up Equity Share Capital: ₹522.10 (Face value ₹10 per share)
  • Reserves (excluding revaluation reserves): ₹13,674.63
  • Earnings Per Share (Basic & Diluted): ₹8.53

Segment-wise Performance (FY26):

  • Textile Segment Revenue: ₹26,917.98
  • Technical Textile Segment Revenue: ₹4,406.54
  • Others Revenue: ₹41.10
  • Segment Profit Before Tax: Textile ₹904.04, Technical Textile ₹332.72, Others ₹18.02

Balance Sheet Highlights (as of March 31, 2026):

  • Total Assets: ₹33,387.18
  • Non-Current Assets: ₹14,402.08 (including Property, Plant & Equipment: ₹8,578.04, Right of Use Assets: ₹4,298.99)
  • Current Assets: ₹19,725.84 (including Inventories: ₹6,742.08, Trade Receivables: ₹9,224.73)
  • Total Equity: ₹18,636.19
  • Non-Current Liabilities: ₹1,454.86
  • Current Liabilities: ₹13,639.26

Cash Flow Statement (FY26):

  • Net Cash from Operating Activities: ₹1,463.41
  • Net Cash Used in Investing Activities: ₹-558.58
  • Net Cash Used in Financing Activities: ₹-927.76
  • Net Decrease in Cash: ₹-22.93
  • Closing Cash & Cash Equivalents: ₹28.13

Additional Information

  • The company has no subsidiaries, associates, or joint ventures as of March 31, 2026.
  • The financial results are prepared in accordance with Ind AS and SEBI LODR regulations.
  • Segments are identified as per Ind AS 108.
  • The company assessed the impact of the new Labour Codes notified on November 21, 2025, and concluded no material impact based on available information.
  • Related party transactions include sales/purchases of goods and services (₹536.13 lakhs), short-term employee benefits (₹207.53 lakhs), interest paid (₹152.37 lakhs), rent expense (₹9.86 lakhs), and rent income (₹40.82 lakhs). Outstanding payables to key management personnel were ₹1,269.85 lakhs as of March 31, 2026.