Financial Performance Highlights (₹ in Thousands)

| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |

| Gross Revenue | 13,719.87 | 19,939.20 | 19,404.10 |

| Profit before tax | (1,251.25) | (1,393.47) | (578.20) |

| Profit after tax | (1,243.20) | (1,197.96) | (561.30) |

Detailed Financial Results:

  • Total Revenue from operations: ₹13,719.87 thousand (previous year: ₹19,939.20 thousand)
  • Profit before Depreciation, Interest & Tax (PBDIT): ₹(913.96) thousand (previous year: ₹(816.55) thousand)
  • Interest & Financial Expenses: ₹4.15 thousand (previous year: ₹252.03 thousand)
  • Depreciation: ₹333.14 thousand (previous year: ₹324.90 thousand)
  • Tax Expense/Deferred Tax: ₹8.05 thousand (previous year: ₹195.51 thousand)
  • Earnings Per Share (Basic & Diluted): ₹(0.31) (previous year: ₹(0.30))
  • Paid-up Equity Share Capital: ₹4,01,00,000 comprising 40,10,000 Equity Shares of ₹10 each

Annual General Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Time: 10:30 A.M. (IST)
  • Venue: Chik FI Restaurant, Metro Road, Jamalpur Colony, Ludhiana-141003, Punjab
  • Register of Members Closure: From Friday, 25th September, 2026 to Wednesday, 30th September, 2026 (both days inclusive)
  • E-voting Period: Sunday, 27th September, 2026 at 9 A.M. to Tuesday, 29th September, 2026 at 5 P.M.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors

2. To appoint director in place of Ms. Vama Oswal (DIN: 00781090) who retires by rotation

Special Business:

3. Re-appointment of Sh. Bharatt Oswall (DIN: 00469332) as Whole-time Director for 5 years w.e.f. 1st October, 2026 at monthly remuneration of ₹15,500

4. Re-appointment of Sh. Tej Paul Oswal (DIN: 00781144) as Managing Director (Corporate Affairs) for 5 years w.e.f. 31st July, 2026 without any salary

5. Re-appointment of Sh. Nipun Vyas (DIN: 09034734) as Independent Director for 5 years w.e.f. 4th March, 2026

Director Remuneration History (₹)

Sh. Bharatt Oswall:

  • FY 2025-26: ₹1,68,835 per month
  • FY 2024-25: ₹1,58,055 per month
  • FY 2023-24: ₹1,50,285 per month

Operational Review

The company operates in a single business segment of textiles (manufacturing and trading of woollen yarns, shoddy yarns and knitted clothes). The profitability was impacted by sluggish market conditions, increasing input costs, uncertain market conditions, and low realizations.

Key Financial Ratios

| Ratio | Current Year | Previous Year | Change (%) |

| Trade Receivable Turnover Ratio | 40.83 times | 59.87 times | -31.80% |

| Inventory Turnover Ratio | 0.69 times | 0.93 times | -25.30% |

| Current Ratio | 55.20 times | 52.36 times | 5.43% |

| Debt Equity Ratio | (0.46) times | (0.52) times | -11.93% |

| Net Profit Ratio | -9.20% | -6.05% | 52.17% |

| Return on Capital Employed | -3.62% | -3.19% | 13.58% |

Corporate Governance

  • Board met 6 times during the year: 18/04/2025; 28/05/2025; 28/07/2025; 20/08/2025; 27/10/2025 & 17/01/2026
  • Audit Committee met 4 times, Nomination and Remuneration Committee met 4 times, Stakeholders Relationship Committee met 4 times
  • No fraud reported under Vigil Mechanism/Whistle Blower Policy
  • No complaints received under Prevention of Sexual Harassment policy

Auditors

  • Statutory Auditors: M/s Subash Vipan & Co., Chartered Accountants (FRN 012898N) appointed until 47th AGM
  • Secretarial Auditor: Mr. Vikas Rai Berry, Practicing Company Secretary
  • Both auditors issued unqualified reports with no adverse findings

Other Key Information

  • No dividend recommended for FY 2025-2026 due to losses
  • No deposits accepted from public during the year
  • No material orders passed by regulators or courts
  • No loans, guarantees or investments given under Section 186 of Companies Act, 2013
  • No related party transactions under Section 188(1) of Companies Act, 2013
  • Company has no subsidiaries, joint ventures or associate companies
  • CSR provisions not applicable to the company

Energy Conservation

  • Electricity consumption: 8,725 KWH (previous year: 7,773 KWH)
  • Total electricity cost: ₹86,900 (previous year: ₹78,530)
  • Rate per unit: ₹9.96 (previous year: ₹10.10)
  • Installed energy efficient LED lights and improved ventilation systems

Registered Office & Contacts

  • Oswal House, Link Road, Industrial Area-A, Ludhiana-141 003 (Pb.)
  • Ph. 0161-2224256
  • Registrar & Transfer Agent: MUFG Intime India Pvt. Ltd., New Delhi