Financial Performance Highlights (Consolidated)
Revenue from Operations: ₹249.01 crore for FY26 (vs ₹233.36 crore in FY25) - 6.7% increase
Total Income: ₹249.35 crore for FY26 (vs ₹233.76 crore in FY25)
Profit Before Tax: ₹13.22 crore for FY26 (vs ₹11.51 crore in FY25)
Profit After Tax: ₹9.97 crore for FY26 (vs ₹8.65 crore in FY25) - 15.3% increase
Earnings Per Share: ₹33.21 for FY26 (vs ₹28.81 in FY25)
Financial Performance Highlights (Standalone)
Total Income: ₹240.99 crore for FY26 (vs ₹228.66 crore in FY25)
Profit Before Tax: ₹11.60 crore for FY26 (vs ₹10.20 crore in FY25)
Profit After Tax: ₹8.62 crore for FY26 (vs ₹7.56 crore in FY25) - 14% increase
Earnings Per Share: ₹28.71 for FY26 (vs ₹25.19 in FY25)
Auditor's Report Highlights
Auditor: Montek S and Associates (FRN: 020247N)
Audit Date: May 29, 2026
Qualified Opinion with Emphasis of Matter:
The auditors issued a qualified opinion drawing attention to three key issues:
- Closing inventory of ₹903.57 crore as at March 31, 2026 is based on management-certified stock statement without physical verification by auditors
- The Company has not obtained balance confirmations from certain trade receivables (debtors) and trade payables (creditors)
- The Company has not provided for interest on delayed payments made to MSME suppliers
Internal Financial Controls: The auditor opined that the company maintained adequate internal financial controls that were operating effectively as at March 31, 2026.
AGM Details
33rd Annual General Meeting: September 19, 2026 at 12:00 PM at Registered Office: Village Bajra, Rahon Road, Ludhiana, Punjab-141007
Business to be Transacted:
Ordinary Business:
1. Adoption of standalone and consolidated financial statements for FY26
2. Re-appointment of Ms. Harinder Kaur (DIN: 08407151) as director liable to retire by rotation
Special Business:
3. Ratification of remuneration of ₹73,915 plus applicable taxes and expenses payable to M/s Pawan & Associates (FRN: 101729) as Cost Auditors for FY27
4. Change in designation of Mr. Jatinder Pal Singh (DIN: 01661864) from Whole-time Director to Managing Director for remainder of his existing term
Book Closure Dates
Register of Members and Share Transfer Books will remain closed from September 13, 2026 to September 19, 2026 (both days inclusive).
Significant Corporate Developments
Subsidiary Investment: The Company invested ₹2.55 crore in 499,800 shares of Harappa Textile Mills Private Limited at ₹51.10 per share
Corporate Guarantee: Provided ₹14.95 crore corporate guarantee to Axis Bank in favor of subsidiary Harappa Textile Mills Private Limited
Fixed Assets Addition: Purchased fixed assets worth ₹14.88 crore during the year, increasing total fixed assets to ₹84.44 crore
Related Party Transactions: Significant transactions with related parties including sales to Asees Textiles (₹18.90 crore), Ramtex India (₹22.39 crore), and Harappa Textile Mills (₹10.46 crore for fabric)
Dividend Declaration
No dividend recommended for FY26 to conserve resources.
Corporate Governance Compliance
Company complied with all mandatory corporate governance requirements under SEBI LODR Regulations. Secretarial Audit Report and Annual Secretarial Compliance Report show no qualifications or adverse remarks.
Financial Position Highlights
Total Assets (Consolidated): ₹257.82 crore as at March 31, 2026
Inventories: ₹90.36 crore (Standalone: ₹84.54 crore)
Trade Receivables: ₹80.50 crore
Property, Plant & Equipment: ₹84.44 crore
Long-term Borrowings: ₹49.81 crore
Short-term Borrowings: ₹87.57 crore
Tax Matters
Outstanding income tax demand of ₹3.32 crore for AY 2022 under appeal
Shareholding Pattern
Promoter and promoter group holding remained at 60.17%. Major shareholders include Jatinder Pal Singh (23.47%), Dipneet Kaur (6.71%), Asees Singh (6.16%), and Maan Silk Mills Pvt. Ltd (8.00%).