Key Quantitative Figures

  • Sales and Other Income: ₹100.74 Crores (FY26) vs ₹101.75 Crores (FY25)
  • Profit Before Tax: ₹3.17 Crores (FY26) vs ₹0.86 Crores (FY25)
  • Profit After Tax: ₹2.21 Crores (FY26) vs ₹0.88 Crores (FY25)
  • Total Comprehensive Income: ₹2.15 Crores (FY26) vs ₹1.06 Crores (FY25)
  • Tax Provision: ₹0.96 Crores (FY26) vs ₹-0.01 Crores (FY25)
  • Earnings Per Share (EPS): ₹2.37 (FY26) vs ₹0.94 (FY25)
  • Share Capital: Authorized ₹12.10 Crores; Issued, Subscribed & Paid-up ₹9.34 Crores
  • Total Borrowings: ₹51.01 Crores (₹43.17 Crores current, ₹7.84 Crores non-current)
  • Related Party Transaction Cap: ₹30 Crores with Shivani Textiles Ltd
  • Cost Auditor Remuneration: ₹70,000 plus GST and out-of-pocket expenses

Dates of Action

  • AGM Date: 30th September, 2026 at 11:00 AM IST
  • Record Date for AGM: 23rd September, 2026
  • Book Closure: 24th September to 30th September, 2026 (both days inclusive)
  • E-voting Period: 27th September (9:00 AM) to 29th September, 2026 (5:00 PM)
  • Board Meeting Dates: 23-May-2025, 13-Aug-2025, 13-Nov-2025, 07-Feb-2026
  • Financial Year End: 31st March, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Regulators: SEBI, Ministry of Corporate Affairs
  • Auditors: M/s. B.K. Shroff & Co. (Statutory), M/s. Suresh Kumar Mittal & Company (Internal), Mr. Satnam Singh Saggu (Cost)
  • RTA: M/s. Skyline Financial Services Pvt. Ltd.
  • E-voting Agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: M/s. Sumit Bajaj & Associates
  • Related Party: Shivani Textiles Ltd
  • Bankers: Bank of Baroda, Canara Bank, Punjab National Bank, State Bank of India, The Nainital Bank Ltd.

Purpose/Rationale

  • To comply with SEBI Listing Regulations (Regulation 34(1)) by submitting annual report and AGM notice
  • To seek shareholder approval for ordinary and special business items including adoption of accounts, director appointments, related party transactions, and memorandum changes
  • To implement green initiative by sending documents electronically to registered email addresses

Financial Impact

  • Explicitly Quantified: Related party transaction cap of ₹30 Crores; cost auditor remuneration of ₹70,000 + GST
  • Not Quantified: Impact of land acquisition compensation claim of ₹6.15 Crores (Note 38); impact of sealed premises with inventory worth ₹1.72 Crores and PPE worth ₹0.16 Crores (Note 32a)

Capital Structure Impact

  • No change in share capital during the year (93,37,068 shares of ₹10 each)
  • Promoter holding: 74.89% as of 31st March, 2026
  • 96.77% shares held in dematerialized form

Cash Flow Implications

  • Operating Cash Flow: ₹4.74 Crores inflow (FY26)
  • Investing Cash Flow: ₹1.75 Crores outflow (FY26)
  • Financing Cash Flow: ₹3.04 Crores outflow (FY26)
  • Net Change: ₹0.05 Crores decrease in cash

Forward-looking Guidance

  • Management cites challenging market conditions due to 50% US tariffs on textiles and Iran war impacting raw material prices
  • Plans to diversify into food and beverage business through memorandum amendment
  • Solar power generation resulted in savings of ₹3.06 Crores during FY26

Material Changes

  • Turnover declined due to external factors but profitability improved significantly
  • Logistics and warehousing segment showed growth (₹6.04 Crores revenue vs ₹3.28 Crores previous year)
  • Credit rating upgraded to 'IND BB' from 'IND BB-' with stable outlook by India Ratings
  • Subsequent to year end: Mr. Umesh Chandra Tripathi resigned as director effective 13th June, 2026

Governance Updates

  • Board consists of 7 directors (2 executive, 5 non-executive independent)
  • All applicable policies (RPT, Whistle Blower, Code of Conduct, etc.) in place and disclosed
  • No fraud reported by auditors
  • No sexual harassment complaints received during the year