Minaxi Textiles Limited held its Board of Directors meeting on November 03, 2026, at the company's registered office in Chhatral, Gujarat. The meeting commenced at 11:00 AM and concluded at 12:00 PM.

Financial Results Approval

The Board considered and approved the unaudited financial results for the quarter and half year ended September 30, 2026, in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Managing Director and Chief Financial Officer issued the required certificate under Regulation 33(2)(a).

Financial Performance (Rs. in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: 559.21
  • Other income: 1.11
  • Total income: 560.32
  • Total expenses: 505.01
  • Profit before tax: 55.31
  • Tax expense: Current tax 13.67, Deferred tax 0.17
  • Net profit for the quarter: 41.49
  • Other comprehensive income: (0.00)
  • Total comprehensive income: 41.49
  • Earnings per share (not annualized): Rs. 0.08

Quarter Ended September 30, 2025 (Comparison):

  • Revenue from operations: 704.44
  • Other income: 0.87
  • Total income: 705.27
  • Total expenses: 724.38
  • Loss before tax: (19.10)
  • Tax expense: Current tax (0.59), Deferred tax 0.00
  • Net loss for the quarter: (6.55)
  • Other comprehensive income: 2.04
  • Total comprehensive loss: (13.61)
  • Earnings per share: Rs. (0.03)

Half Year Ended September 30, 2026:

  • Revenue from operations: 1,148.20
  • Other income: 2.75
  • Total income: 1,150.96
  • Total expenses: 1,081.87
  • Profit before tax: 69.14
  • Tax expense: Current tax 7.31, Deferred tax 0.00
  • Net profit for the period: 51.83
  • Other comprehensive income: 0.00
  • Total comprehensive income: 51.83
  • Earnings per share: Rs. 0.40

Half Year Ended September 30, 2025 (Comparison):

  • Revenue from operations: 1,241.46
  • Other income: 303.90
  • Total income: 1,545.36
  • Total expenses: 1,319.42
  • Profit before tax: 225.92
  • Tax expense: Current tax 59.30, Deferred tax 0.00
  • Net profit for the period: 66.73
  • Other comprehensive income: 106.45
  • Total comprehensive income: 173.18
  • Earnings per share: Rs. 0.34

Financial Position (As at September 30, 2026)

Assets (Rs. in lakhs):

  • Total assets: 2,611.83
  • Non-current assets: 1,159.62 (Property, plant and equipment: 775.16; Financial assets - others: 134.81; Deferred tax assets: 249.65)
  • Current assets: 1,452.21 (Inventories: 502.93; Trade receivables: 467.84; Cash and cash equivalents: 1.06; Financial assets - other: 36.61; Other current assets: 43.77)

Equity and Liabilities (Rs. in lakhs):

  • Total equity: 471.93 (Equity share capital: 494.16; Other equity: (22.23))
  • Non-current liabilities: 745.09 (Borrowings: 732.05; Provisions: 13.03)
  • Current liabilities: 1,394.81 (Borrowings: 609.98; Trade payables: 909.71; Other financial liabilities: 0.53; Provisions: 42.61)

Cash Flow Statement (Six months ended September 30, 2026)

  • Cash flow from operating activities: 68.02
  • Cash flow from investing activities: (133.59)
  • Cash flow from financing activities: 66.27
  • Net decrease in cash and cash equivalents: 0.70
  • Closing cash and cash equivalents: 1.06

Key Notes and Disclosures

1. The unaudited financial results were reviewed by the Audit Committee and approved by the Board on November 03, 2026.

2. Statutory auditor Parth R. Shah and Co. conducted a limited review of the quarterly results.

3. Financial results prepared in accordance with Indian Accounting Standards (Ind AS).

4. The company operates in a single segment - Textiles.

5. The company has incurred cash losses in preceding financial years but executed a debt restructuring scheme in FY 2021-22 that extended repayment plans. Management expects operational cash inflows to support future obligations, supporting the going concern basis.

6. The increase in other income during year ended March 31, 2026, was due to profit on sale of leasehold land.