Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Clean (Unqualified) - Limited review report states nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Auditor’s Comment:

No qualifications or modifications affecting earnings quality, internal controls, or going concern.

Key Financial Highlights [Amount in Lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹10,896.00 (YoY: +10.9% from ₹9,821.39 in Q2 FY26)
  • Total Income: ₹11,058.38
  • Net Profit: ₹168.57 (vs. Net Profit of ₹399.97 in Q2 FY26)
  • EPS (Basic): ₹0.135
  • EPS (Diluted): ₹0.132

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹19,869.44 (YoY: -4.8% from ₹20,867.54 in H1 FY26)
  • Total Income: ₹20,646.75
  • Net Loss: ₹(257.19) (vs. Net Profit of ₹871.04 in H1 FY26)
  • EPS (Basic): ₹(0.21)
  • EPS (Diluted): ₹(0.21)

Standalone Balance Sheet as at September 30, 2026:

  • Total Assets: ₹27,257.56
  • Property Plant and Equipment: ₹850.38
  • Trade Receivables: ₹11,031.54
  • Cash and Cash Equivalents: ₹171.23
  • Total Equity: ₹13,427.88
  • Borrowings (Current + Non-current): ₹11,566.19
  • Trade Payables: ₹12,265.80

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹10,894.00 (YoY: +10.9% from ₹9,821.39 in Q2 FY26)
  • Total Income: ₹11,026.29
  • Net Profit: ₹92.61 (vs. Net Profit of ₹435.51 in Q2 FY26)
  • EPS (Basic): ₹0.074
  • EPS (Diluted): ₹0.072
  • Net Profit Attributable to Owners: ₹113.30

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹19,869.44 (YoY: -4.8% from ₹20,867.54 in H1 FY26)
  • Total Income: ₹20,596.81
  • Net Loss: ₹(364.92) (vs. Net Profit of ₹865.16 in H1 FY26)
  • EPS (Basic): ₹(0.29)
  • EPS (Diluted): ₹(0.29)
  • Net Loss Attributable to Owners: ₹(337.92)

Consolidated Balance Sheet as at September 30, 2026:

  • Total Assets: ₹28,034.55
  • Property Plant and Equipment: ₹850.91
  • Capital Work-in-Progress: ₹1,674.29
  • Trade Receivables: ₹11,045.77
  • Cash and Cash Equivalents: ₹176.29
  • Total Equity: ₹13,130.72
  • Borrowings (Current + Non-current): ₹12,140.86
  • Trade Payables: ₹11,178.42

Segment-wise Performance:

Not Applicable - The company is engaged in a single business segment (Textiles/Exports) as per Ind AS-108.

Corporate Actions:

  • Stock Split: Completed during Q1 FY26 (quarter ended June 30, 2026) in the ratio of 1:5, whereby each equity share of ₹10/- face value was sub-divided into five equity shares of ₹2/- each. Record date: May 29, 2026.
  • Convertible Warrants: 5,26,000 convertible equity warrants allotted on preferential basis on September 17, 2025 at ₹320 per security. 25% of warrant price (₹80 per warrant) received upfront. Post-split, these represent entitlement to 26,30,000 equity shares of ₹2/- each. All warrants remain outstanding as of September 30, 2026, eligible for conversion within 18 months from allotment date.

Other Significant Information:

  • Primary Reason for Loss: The company reported losses primarily attributable to a fair value loss of ₹1,201.99 lakhs on investments measured at Fair Value through Profit or Loss (FVTPL).
  • Subsidiaries: The company has three subsidiaries: Le Merite Laxmi Spinning Private Limited, Le Merite Filament Private Limited, and Le Merite Tactical & Defence Solutions Private Limited.
  • New Investment: During the quarter, the company made an investment in Le Merite Torna Technical Textile Park Private Limited, an associate company.
  • Cash Flow: Standalone net cash used in operating activities was ₹(3,604.17) lakhs for H1 FY27, primarily due to increase in trade receivables and loans/advances.