Summary of Key Information:
Reporting Period: Quarter Ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Qualified Review Opinion by J N MITAL & CO (FRN 003587N)
Key Financial Highlights [₹ Lakhs]:
Standalone Results:
Revenue from Operations: 1,016.16 (vs 1,394.88 previous quarter -27% QoQ)
Total Income: 1,016.17
Net Profit: 91.37 (vs 147.35 previous quarter -38% QoQ)
EPS: 0.35 (Basic and Diluted)
Consolidated Results:
Revenue from Operations: 1,270.07
Total Income: 1,270.08
Net Profit: 4.89
EPS: 0.18 (Basic and Diluted)
Segment-wise Performance [₹ Lakhs]:
Standalone Segment Revenue (Q1 FY27):
- Garment: 526.02
- Rock Salt: 490.14
- Others: -
Total Revenue from Operations: 1,016.16
Standalone Segment Result (Q1 FY27):
- Garment: -91.65 (loss)
- Rock Salt: 243.79 (profit)
- Others: -
PBIT: 152.13
Consolidated Segment Revenue (Q1 FY27):
- Garment: 779.94
- Rock Salt: 490.14
- Others: -
Total Revenue from Operations: 1,270.08
Consolidated Segment Result (Q1 FY27):
- Garment: -177.18 (loss)
- Rock Salt: 243.79 (profit)
- Others: -
PBIT: 66.60
Corporate Actions:
- Twenty second (22nd) Annual General Meeting to be held on Wednesday, September 30, 2026
- Book closure date: Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both inclusive)
- Cut-off date: Wednesday, September 23, 2026
- M/s SARK & Associates LLP appointed as scrutinizer for 22nd AGM
Undisputed Tax Liabilities Outstanding:
- TDS on Purchase: ₹4.61 lakhs (FY 2022-23: ₹1.32 lakhs, FY 2023-24: ₹3.29 lakhs)
- Income Tax for FY 23-24: ₹1.27 lakhs
- Profession Tax: ₹2.78 lakhs (FY 2018-19, 2019-20, 2022-23)
- TCS Collected from parties: ₹1.50 lakhs (FY 2020-21, 2021-22)
- GST: ₹2.79 lakhs (FY 2019-20, FY 2022-23)
Contingent Liabilities:
- ESI Cases filed against Company:
- Case No. 267/SW/2012: Non-payment of contribution ₹11,59,373/- (Feb 2007 to Dec 2011)
- Case No. 2512447/2012: Non-submission of Return of contribution (Apr 2006 to Sep 2011)
Both cases filed on October 10, 2012 in Sewree Court, pending in E.I. Court Bandra, Mumbai
Other Disclosures:
- Company not maintaining relevant information of MSME creditors
- Fines imposed by NSE vide letter dated June 30, 2026 (amount not specified)
- No complaints received by company as on June 30, 2026
Other Significant Information:
- Fire incident occurred on May 04, 2025 at Libas store, Mumbai resulting in estimated damage of ₹2.40 Crore [Exceptional Item]
- Company has adequate insurance coverage and initiated claim process
- Company exercises option u/s 115 BAA of Income Tax Act, 1961 to compute tax @ 25.17%
- Business activity falls in 3 segments: Trading of Fashion Lifestyle Products, Rock Salt & Coconuts