Board Meeting Outcome

A Board of Directors meeting was held on 7th August 2026, commencing at 10:30 AM and concluding at 11:30 AM. The board considered and approved three key items:

1. Unaudited Financial Results: Approved the unaudited standalone financial results for the quarter ended 30th June 2026 along with the cash flow statement for the period.

2. Resignation Approval: Approved the resignation of Mr. N Sridharan from the position of Company Secretary and Compliance Officer, effective 31st August 2026.

3. Appointment Approval: Approved the appointment of Ms. Shanmuga Priya as Company Secretary cum Compliance Officer with effect from 1st September 2026.

Financial Results for Quarter Ended 30th June 2026

Currency: Indian Rupees in Lakhs

Status: Unaudited (subject to limited review)

Income Statement Highlights

  • Revenue from Operations: ₹4,805.41 lakhs (compared to ₹4,591.43 lakhs in previous quarter and ₹3,809.52 lakhs in same quarter previous year)
  • Other Income: ₹161.66 lakhs (compared to ₹135.43 lakhs in previous quarter and ₹187.32 lakhs in same quarter previous year)
  • Total Income: ₹4,967.07 lakhs

Expenditure Breakdown

  • Cost of Materials Consumed: ₹2,879.07 lakhs
  • Purchase of Stock-in-Trade: ₹0.00 lakhs (compared to ₹26.94 lakhs in previous quarter)
  • Changes in Inventories: ₹(26.84) lakhs (negative indicates decrease)
  • Employee Benefits Expense: ₹381.75 lakhs
  • Finance Costs: ₹208.74 lakhs
  • Depreciation and Amortization: ₹150.24 lakhs
  • Other Expenses: ₹861.42 lakhs
  • Total Expenditure: ₹4,454.38 lakhs

Profitability Metrics

  • Profit before Tax: ₹512.69 lakhs (significant improvement from ₹(63.96) lakhs loss in same quarter previous year)
  • Tax Expense: ₹149.32 lakhs (comprising entirely of deferred tax)
  • Net Profit for Period: ₹363.37 lakhs (compared to ₹(45.34) lakhs loss in same quarter previous year)
  • Total Comprehensive Income: ₹363.37 lakhs

Share Capital and Earnings

  • Paid-up Equity Share Capital: ₹792.48 lakhs (face value ₹10 per share)
  • Reserves (excluding revaluation): ₹1,049.84 lakhs (as of year-end)
  • Basic EPS: ₹4.59 (compared to ₹(0.57) in same quarter previous year)
  • Diluted EPS: ₹4.59 (compared to ₹(0.57) in same quarter previous year)

Notes to Financial Results

1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. The results were reviewed by the Audit Committee and approved by the Board of Directors on 7th August 2026. The statutory auditors have reviewed the statement.

3. The company operates in a single segment: manufacturing and selling of cotton-related products.

4. Figures for quarter ended 31st March 2026 represent balancing figures between audited full-year results and published unaudited year-to-date figures.

Auditor Confirmation

M/s. Raghavan, Chaudhuri & Narayanan, Chartered Accountants (Firm Regn. No. 007761S), issued a limited review report dated 7th August 2026 from Bengaluru. The auditor concluded that nothing has come to their attention that causes them to believe the statement contains any material misstatement. The review was conducted in accordance with Standard on Review Engagements 2410 issued by ICAI.