Financial Performance Highlights

FY 2025-26 Financial Results (₹ in Crores):

  • Gross Income: ₹96.34 (Previous year: ₹108.69)
  • Profit Before Exceptional Items: ₹3.18 (Previous year: ₹3.38)
  • Exceptional Items: ₹0
  • Profit Before Tax: ₹3.18 (Previous year: ₹3.38)
  • Tax Expense: ₹0.80 (Previous year: ₹0.85)
  • Net Profit After Tax: ₹2.38 (Previous year: ₹2.53)
  • Earnings Per Share (Basic & Diluted): ₹1.63 (Previous year: ₹1.73)

Balance Sheet Position as at March 31, 2026 (₹ in Crores):

  • Total Assets: ₹560.52
  • Property, Plant & Equipment: ₹0.0543
  • Inventories: ₹194.03
  • Trade Receivables: ₹221.46
  • Cash & Cash Equivalents: ₹26.95
  • Total Equity: ₹326.20
  • Borrowings (Non-current): ₹98.81
  • Borrowings (Current): ₹79.75
  • Trade Payables: ₹38.25

Annual General Meeting Details

  • Date: November 20, 2026
  • Time: 10:30 AM
  • Venue: 516-518, 4th Floor, Global Star Hosiery Complex, Near Chand Cinema, G.T. Road (W), Ludhiana-141008, Punjab
  • Book Closure: November 13, 2026 to November 19, 2026 (both days inclusive)

Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors

2. Reappointment of Mr. Girish Kapoor (DIN: 01870917) who retires by rotation

Special Business:

3. Reappointment of Mrs. Neelam Bahri (DIN: 09545848) as Non-Executive Independent Director for second term from April 9, 2027 to April 8, 2032

4. Reappointment of Mr. Ramesh Kumar Sharma (DIN: 09545798) as Non-Executive Independent Director for second term from April 9, 2027 to April 8, 2032

Board of Directors

  • Chairman-cum-Managing Director: Girish Kapoor (DIN: 01870917)
  • Wholetime Director: Kusum Kapoor
  • Chief Financial Officer: Arjun Kapoor
  • Independent Directors: Ramesh Kumar Sharma, Neelam Bahri, Ashwani Kumar Sharma
  • Company Secretary: Laxmi Khatri

Board Meetings

During FY 2025-26, the Company held 7 Board meetings on: May 3, 2025; May 30, 2025; August 14, 2025; September 2, 2025; November 14, 2025; February 13, 2026; and February 23, 2026.

Dividend Declaration

No dividend was declared for FY 2025-26. The entire net profit of ₹2.38 crore was transferred to reserves.

Share Capital Structure

  • Authorized Share Capital: ₹44.00 crore (4.40 crore equity shares of ₹10 each)
  • Issued, Subscribed & Paid-up Capital: ₹14.63 crore (1.46 crore equity shares of ₹10 each)
  • Promoter Holding: 58.44% (85.51 lakh shares)
  • Public Holding: 41.56%
  • Shares in Demat Form: 91.28% (133.55 lakh shares)

Key Operational Metrics

  • Inventory Turnover Ratio: 5.82 times (Previous year: 7.63 times)
  • Trade Receivables Turnover Ratio: 3.44 times (Previous year: 4.22 times)
  • Current Ratio: 4.13 times (Previous year: 3.55 times)
  • Debt-Equity Ratio: 0.55 times (Previous year: 0.47 times)
  • Return on Equity: 7.56% (Previous year: 11.88%)
  • Net Profit Margin: 2.47% (Previous year: 2.33%)

Borrowings and Debt Servicing

  • Total Borrowings: ₹178.56 crore (Previous year: ₹142.44 crore)
  • Secured Loans: ₹154.98 crore
  • Unsecured Loans: ₹23.58 crore
  • Finance Costs: ₹2.17 crore (Previous year: ₹1.48 crore)

The company experienced delays in repayment of borrowings to various lenders (Axis Bank, IDFC First Bank, Aditya Birla Finance, etc.) ranging from 4-69 days, with amounts totaling ₹25.54 lakh. All overdue amounts have since been paid.

Related Party Transactions

The company entered into transactions with related parties including directors and their relatives. Key transactions include:

  • Remuneration to Directors/KMPs: ₹29.75 lakh
  • Loans from directors: ₹225 lakh (repaid ₹206.44 lakh)
  • Advances to associate concerns: ₹968.54 lakh

Statutory Auditors

M/s. Parmod G Gupta and Co., Chartered Accountants (FRN 018870N) were appointed for five years in AGM 2024 and continue as statutory auditors.

Secretarial Auditors

M/s. Bhambri & Associates, Company Secretaries (CP 22626) were appointed for FY 2025-26 and have been reappointed till FY 2029-30.

Internal Financial Controls

The company maintains adequate internal financial controls commensurate with its size and operations. Mr. Dayanand Sahu was appointed as Internal Auditor as required under Section 138 of the Companies Act, 2013.

MSME Dues

As of March 31, 2026, the company had dues to MSME suppliers of ₹375.55 lakh (Previous year: ₹583.78 lakh). No interest was paid/payable on delayed payments to MSMEs.

Corporate Governance

The company has complied with corporate governance requirements and has provided detailed corporate governance report as part of the annual report.

Forward Outlook

The company continues to operate in the textiles sector with focus on trading of knitted apparels. It is exploring export opportunities for readymade garments and expects to earn good profits in coming years.