Key Quantitative Figures

  • Revenue from operations: ₹17,517.37 lakhs (FY26) vs ₹17,868.99 lakhs (FY25)
  • Profit before tax: Loss of ₹216.43 lakhs (FY26) vs loss of ₹164.69 lakhs (FY25)
  • Net loss: ₹141.59 lakhs (FY26) vs ₹149.63 lakhs (FY25)
  • Earnings per share: (₹1.79) (FY26) vs (₹1.89) (FY25)
  • Paid-up capital: ₹792.48 lakhs (79,24,760 equity shares of ₹10 each)
  • Total assets: ₹12,364.52 lakhs as at March 31, 2026
  • Total liabilities: ₹10,522.20 lakhs as at March 31, 2026
  • Unclaimed dividends:
  • 2018-19: ₹1,24,116 (due for transfer to IEPF on 14.10.2026)
  • 2020-21: ₹1,24,662 (due for transfer to IEPF on 06.10.2028)
  • 2021-22: ₹1,28,246 (due for transfer to IEPF on 10.10.2029)

Dates of Action

  • AGM Date: Thursday, August 20, 2026 at 10:00 AM
  • Cut-off date for e-voting: Thursday, August 13, 2026
  • E-voting period: August 17, 2026 (9:00 AM) to August 19, 2026 (5:00 PM)
  • Book closure: August 14, 2026 to August 20, 2026 (both days inclusive)
  • Managing Director reappointment: Proposed for period from September 23, 2026 to September 22, 2029

Parties Involved

  • Statutory Auditors: M/s. Raghavan, Chaudhuri & Narayanan, Chartered Accountants
  • Cost Auditor: M/s. A. Gopala Iyengar, Cost Accountants (Registration No. 4915)
  • Secretarial Auditor: Mr. V. K. Shankararamann, Company Secretary in Practice
  • Share Transfer Agents: M/s. Cameo Corporate Services Limited
  • Bankers: Indian Overseas Bank, The Karur Vysya Bank Ltd.
  • Depositories: CDSL and NSDL

Business Resolutions

Ordinary Business:

1. Adoption of audited financial statements for FY ended March 31, 2026

2. Re-appointment of Mrs. Ananthakumar Dhamayanthi (DIN: 08461584) as Director

3. Re-appointment of Mr. A Harigovind (DIN: 06428975) as Director

Special Business:

4. Appointment of M/s A. Gopala Iyengar as Cost Auditors for FY 2026-27

5. Re-appointment of Mr. T Raghuraman (DIN: 01722570) as Managing Director for three years with monthly remuneration:

  • ₹200,000 (Sept 2026 - March 2027)
  • ₹225,000 (April 2027 - March 2028)
  • ₹250,000 (April 2028 - Sept 2029)

Financial and Operational Impact

  • No dividend recommended for FY26 due to losses incurred
  • Capital subsidy of ₹5.74 crores received from Government of Karnataka for Unit I at Hunsur
  • Company operates two manufacturing units:
  • Unit I: Kattemalalavadi Village, Hunsur Taluk, Mysore District, Karnataka
  • Unit II: Sevalur Village, Kulithalai Road, Manapparai Taluk, Trichy District, Tamil Nadu
  • The textile industry faced challenges due to higher domestic cotton prices affecting profit margins

Capital Structure Impact

  • No change in share capital during the year
  • Paid-up capital remains at 79,24,760 equity shares of ₹10 each

Voting and Shareholder Information

  • AGM to be conducted through Video Conferencing/Other Audio-Visual Means
  • Remote e-voting facility provided through CDSL
  • Shareholders can vote electronically from August 17-19, 2026
  • Physical shareholders must use folio number for e-voting
  • Demat shareholders can vote through their depository accounts

Contingent Liabilities

  • Income tax demand: ₹9,47,515 for AY 2018-19
  • GST demand: ₹1,92,92,007 for FY 2019-20 to 2024-25
  • Various electricity-related demands from TANGEDCO totaling approximately ₹7.5 crores

Corporate Governance

  • Board comprises 11 directors (3 executive promoter, 2 executive, 2 non-executive promoter, 4 independent)
  • Four board meetings held during FY26
  • All applicable corporate governance requirements complied with as per SEBI LODR Regulations