Financial Performance Highlights

FY 2025-26 Performance:

  • Total Income: ₹532.78 crore (PY: ₹301.66 crore)
  • Revenue from Operations: ₹529.47 crore (PY: ₹298.29 crore)
  • Exports: ₹54.39 crore (PY: ₹50.53 crore)
  • Production: 38,029 M.T. (PY: 25,573 M.T.)
  • Profit before Depreciation, Finance Costs, Tax and Exceptional Items: ₹43.14 crore (PY: ₹8.88 crore)
  • Finance Costs: ₹14.72 crore (PY: ₹12.43 crore)
  • Depreciation and amortization: ₹6.33 crore (PY: ₹10.57 crore)
  • Profit before tax: ₹22.09 crore (PY: Loss ₹14.12 crore)
  • Tax expenses: ₹5.93 crore (PY: ₹3.55 crore)
  • Profit for the Year: ₹16.16 crore (PY: Loss ₹10.57 crore)
  • Other Comprehensive income: ₹2.25 crore (PY: ₹13.19 crore)
  • Total Comprehensive income: ₹18.41 crore (PY: ₹2.62 crore)
  • EPS: ₹15.00 (PY: Negative ₹9.82)

Key Financial Ratios (31.03.2026 vs 31.03.2025):

  • Current Ratio: 1.15 vs 1.09
  • Debt Equity Ratio: 1.15 vs 0.88
  • Return on Equity (ROE): 0.09 vs (0.06)
  • Inventory Turnover Ratio: 4.09 vs 2.55
  • Net Profit Ratio: 0.03 vs (0.04)

Annual General Meeting Details

  • Date: Friday, 11th September 2026
  • Time: 11:30 A.M.
  • Mode: Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Record Date: Friday, 4th September 2026

Agenda Items:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March, 2026

2. Re-appointment of Ms. Sruti Sukul (DIN: 10794840) who retires by rotation

Special Business:

3. Re-appointment of Mr. Ashish Chandrakant Agrawal as Managing Director for 3 years from 13th June 2026

  • Basic Salary: ₹8,00,000 per month
  • Benefits: Actual rent for furnished accommodation, other perquisites and allowances

4. Amendment of Articles of Association to insert Article 133 for "Appointment of Chairman Emeritus"

  • Board entitled to appoint persons who rendered significant services to Company/Industry
  • Chairman Emeritus to hold advisory role without voting rights

5. Appointment of Mr. Awanti Kumar Kankaria as Chairman Emeritus

  • Remuneration: ₹12,00,000 per month
  • Constitutes Related Party Transaction under Section 188 of Companies Act, 2013
  • Advisory capacity without statutory powers as Director

6. Ratification of remuneration to Cost Auditors M/s. SPK Associates for FY 2026-27

  • Remuneration: ₹40,000 plus applicable taxes and reimbursement of expenses

Board of Directors

  • Mr. Ashish Chandrakant Agrawal (Managing Director)
  • Mr. Anand Agarwal (Non-Executive Independent Director)
  • Mr. Parimal Gunvantrai Ajmera (Non-Executive Independent Director)
  • Mr. Sanjay Kumar Agarwal (Non-Executive Non Independent Director)
  • Ms. Sruti Sukul (Non-Executive Non Independent Director)

Key Managerial Personnel

  • Mr. Rajesh Kumar Gupta (Chief Financial Officer)
  • Ms. Neha Jain (Company Secretary & Compliance Officer)

Auditors

  • Statutory Auditor: J K V S & Co. Chartered Accountants (Firm Registration No. 318086E)
  • Internal Auditor: B J B & Associates
  • Secretarial Auditor: Sachin Pilania, Practicing Company Secretary
  • Cost Auditor: SPK & Associates

Capital Structure

  • Authorized Capital: ₹15.00 crore (1,49,90,000 equity shares of ₹10 each + 1,000 preference shares of ₹100 each)
  • Issued, Subscribed and Paid-up Capital: ₹10.79 crore (1,07,73,120 equity shares of ₹10 each fully paid up)
  • Forfeited Shares: ₹2.46 lakh

Shareholding Pattern (as on 31st March 2026)

  • Promoters Holding: 67.21% (72,40,152 shares)
  • Non-Promoters Holding: 32.79% (35,32,968 shares)
  • Dematerialized Shares: 97.09% (1,04,59,858 shares)

Borrowings (as on 31st March 2026)

  • Non-Current Borrowings: ₹577.53 crore
  • Current Borrowings: ₹1,557.66 crore
  • Total Borrowings: ₹2,135.19 crore

Security for Borrowings:

Working capital borrowings secured by hypothecation of entire stocks and trade receivables with banks' pari passu 1st charge on entire assets both present and future.

Related Party Transactions

Transactions entered with related parties in ordinary course of business at arm's length basis. Major transactions include:

  • Borrowings from Holding Company & Related Parties: ₹507.00 crore received (net)
  • Interest on borrowings: ₹49.95 crore to Panchjanya Distributors Private Limited
  • Rent paid: ₹10.30 lakh to Bally Jute Company Limited and Everest Cowork LLP

Corporate Governance

Company has complied with corporate governance requirements under Companies Act, 2013 and SEBI Listing Regulations. Various committees include:

  • Audit Committee
  • Stakeholders' Relationship Committee
  • Nomination & Remuneration Committee
  • Corporate Social Responsibility Committee

Dividend

No dividend recommended for financial year ended 31st March 2026.

Material Events

  • Change in useful life of Plant & Machinery from 15 years to 30 years based on technical assessment
  • Decrease in depreciation expense by ₹592.62 lakh resulting in increase in net profit after tax by ₹443.47 lakh
  • Raw jute industry faced acute shortage and price increases during the year
  • Government continued implementation of Jute Packaging Materials Act providing stable demand

Forward Looking Statements

Report contains forward-looking statements based on current expectations, estimates, assumptions and projections. Actual results may differ due to various risks and uncertainties including changes in economic conditions, government policies, regulatory developments, and raw jute availability and prices.