Board Meeting Details

The Board of Directors meeting was held on 28th May, 2026, commencing at 3:00 PM and concluding at 3:50 PM.

Key Board Decisions

1. Approved the Audited Financial Results for the quarter and year ended 31st March, 2026

2. Recommended Dividend of ₹1.00 (20%) per Equity Share of ₹5 each for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting

Financial Performance Highlights

Standalone Financial Results for Year Ended 31st March, 2026:

  • Revenue from Operations: ₹329,253.41 lakhs
  • Total Expenses: ₹326,616.36 lakhs
  • Profit before exceptional items and tax: ₹2,694.89 lakhs
  • Exceptional Items: ₹0.00 lakhs
  • Corporate Social Responsibility Expenses: ₹90.96 lakhs (u/s 135 of Companies Act, 2013)
  • Profit before tax: ₹2,603.93 lakhs
  • Tax Expense: ₹422.00 lakhs (including Deferred Tax)
  • Profit for the period from continuing operations: ₹2,181.93 lakhs
  • Other Comprehensive Income/Loss: ₹140.69 lakhs (Net of Tax)
  • Total Comprehensive Income/Loss: ₹2,322.62 lakhs
  • Paid-up equity share capital: ₹1,803.27 lakhs (Face Value of ₹5 each)
  • Reserves excluding revaluation reserves: ₹149,406.49 lakhs
  • Earnings per equity share: Not quantified in the disclosure

Quarter Ended 31st March, 2026:

  • Profit for the period: ₹-1,291.63 lakhs
  • Total Comprehensive Income/Loss: ₹-3,428.17 lakhs

Balance Sheet Position as on 31st March, 2026

Assets:

  • Total Non-Current Assets: ₹105,481.09 lakhs
  • Property, plant and equipment: ₹80,990.68 lakhs
  • Intangible assets: ₹13.54 lakhs
  • Capital Work in progress: ₹3,200.14 lakhs
  • Investment Property: ₹590.96 lakhs
  • Financial Assets: ₹18,538.00 lakhs (Investments: ₹14,650.14 lakhs, Other financial assets: ₹3,888.86 lakhs)
  • Other non-current assets: ₹2,146.77 lakhs
  • Total Current Assets: ₹163,840.66 lakhs
  • Inventories: ₹84,470.00 lakhs
  • Trade Receivables: ₹51,170.96 lakhs
  • Cash and Cash equivalents: ₹120.65 lakhs
  • Bank balances other than cash: ₹57.09 lakhs
  • Other Financial Assets: ₹69.25 lakhs
  • Current tax Assets(Net): ₹334.51 lakhs
  • Other Current Assets: ₹27,618.20 lakhs
  • Total Assets: ₹269,321.75 lakhs

Equity and Liabilities:

  • Total Equity: ₹151,211.80 lakhs
  • Equity Share Capital: ₹1,805.31 lakhs
  • Other equity: ₹149,406.49 lakhs
  • Non-Current Liabilities: ₹22,383.88 lakhs
  • Financial Liabilities - Borrowings: ₹18,425.61 lakhs
  • Deferred tax liabilities(net): ₹3,460.61 lakhs
  • Other non-current liabilities: ₹497.66 lakhs
  • Current Liabilities: ₹95,726.07 lakhs
  • Financial Liabilities - Borrowings: ₹79,871.07 lakhs
  • Trade and other payables: ₹4,091.23 lakhs
  • Outstanding dues of micro enterprises and small enterprises: ₹283.01 lakhs
  • Outstanding dues other than micro/small enterprises: ₹3,808.22 lakhs
  • Other Financial liabilities: ₹159.86 lakhs
  • Other current liabilities: ₹10,599.28 lakhs
  • Provisions: ₹1,004.63 lakhs
  • Total Equity and Liabilities: ₹269,321.75 lakhs

Cash Flow Statement for Year Ended 31st March, 2026

  • Net cash flow from operating Activities: ₹18,975.64 lakhs
  • Net cash used in investing activities: ₹-8,547.64 lakhs
  • Net cash used in financing activities: ₹-13,565.92 lakhs
  • Net Increase in Cash & Cash Equivalents: ₹-3,137.92 lakhs

Important Notes and Disclosures

1. The Company operates in a single segment - Textiles, hence segment reporting under IND AS 108 is not applicable

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

3. Figures for the last quarter are balancing figures between audited full year and published year-to-date figures up to third quarter

4. The Government of India has consolidated 29 labor legislations into four labor codes, with Central Rules notified on May 2026. State Rules are yet to be notified. The incremental impact is assessed as not material

5. The Company does not have any Subsidiary/Associate/Joint Venture Company

6. Financial results reviewed by Audit Committee and approved by Board of Directors on 28th May, 2026

7. Statutory Auditors (Gupta Vigg & Co.) issued an Auditors Report with unmodified opinion