Board Meeting Details

The Board of Directors meeting was held on 11th November, 2026 from 3:45 PM to 5:45 PM at the Company's registered office: Unit No. 101B, 1st Floor, Abhishek Premises, Plot No. C5-6, Dalia Industrial Estate, Off New Link Road, Andheri (West), Mumbai - 400058.

Key Agenda Items and Decisions

  • Approved Unaudited Standalone & Consolidated Financial Results and Statement of Assets and Liabilities for quarter and half year ended 30th September, 2026
  • Approved sale of land and building of Company's Sarigam Embroidery Unit located at Plot No. 1643, GIDC Sarigam, Taluka-Umbergaon, District-Valsad, Gujarat to M/s. Alchemy Interchem Private Limited for total consideration of ₹1.89 crores
  • Entire proceeds from the sale shall be used for Company's working capital requirements

Standalone Financial Results (Quarter Ended 30.09.2026)

Income Statement Highlights:

  • Net Sales/Income from Operations: ₹10,361.08 lakh
  • Other Operating Income: ₹16.94 lakh
  • Other Income: ₹25.60 lakh
  • Total Income: ₹10,403.62 lakh

Expense Breakdown:

  • Cost of Material Consumed: ₹6,988.54 lakh
  • Purchase of Stock in Trade: ₹227.01 lakh
  • Changes in Inventories: (₹71.90) lakh
  • Employee Benefit Expense: ₹958.49 lakh
  • Finance Costs: ₹222.01 lakh
  • Depreciation & Amortization: ₹394.51 lakh
  • Other Expense: ₹1,959.83 lakh
  • Total Expenses: ₹10,678.49 lakh

Profitability Metrics:

  • Profit before Exceptional Items and Tax: (₹274.87) lakh
  • Profit Before Tax: (₹274.87) lakh
  • Tax Expense: (₹76.25) lakh (Current Tax: ₹(9.03) lakh, Deferred Tax Assets: ₹(67.22) lakh)
  • Net Profit for the Period: (₹198.62) lakh
  • Other Comprehensive Income: ₹9.99 lakh
  • Total Comprehensive Income/(Loss): (₹188.63) lakh

Per Share Data:

  • Basic EPS: (₹0.64)
  • Diluted EPS: (₹0.64)
  • Paid-up Equity Share Capital: ₹3,081.54 lakh (Face Value: ₹10 per share)

Half Year Standalone Performance (30.09.2026)

  • Total Income: ₹20,254.16 lakh
  • Net Profit: (₹184.96) lakh
  • Total Comprehensive Income/(Loss): (₹164.99) lakh
  • Basic EPS: (₹0.60)
  • Diluted EPS: (₹0.60)

Standalone Balance Sheet Position (as at 30.09.2026)

Assets:

  • Non-Current Assets: ₹18,165.90 lakh (Property, Plant and Equipment: ₹15,012.80 lakh, Investments: ₹1,985.64 lakh)
  • Current Assets: ₹14,025.72 lakh (Inventories: ₹5,860.43 lakh, Trade Receivables: ₹3,004.25 lakh)
  • Total Assets: ₹32,191.62 lakh

Equity and Liabilities:

  • Total Equity: ₹15,979.48 lakh (Equity Share Capital: ₹3,081.54 lakh, Other Equity: ₹12,897.94 lakh)
  • Non-Current Liabilities: ₹6,034.54 lakh (Borrowings: ₹2,769.20 lakh, Lease Liabilities: ₹672.98 lakh)
  • Current Liabilities: ₹10,177.60 lakh (Borrowings: ₹5,372.41 lakh, Trade Payables: ₹3,801.60 lakh)

Standalone Cash Flow (Half Year Ended 30.09.2026)

  • Net Cash from Operating Activities: ₹578.25 lakh
  • Net Cash used in Investing Activities: (₹86.19) lakh
  • Net Cash used in Financing Activities: (₹560.06) lakh
  • Net decrease in Cash and Cash Equivalents: (₹68.00) lakh
  • Closing Cash and Cash Equivalent: ₹43.37 lakh

Consolidated Financial Results (Quarter Ended 30.09.2026)

  • Total Income: ₹10,403.73 lakh
  • Net Profit for the period: (₹202.24) lakh
  • Total Comprehensive Income: (₹192.25) lakh
  • Net Profit attributable to Owners: (₹200.04) lakh
  • Basic EPS: (₹0.66)
  • Diluted EPS: (₹0.66)

Half Year Consolidated Performance (30.09.2026)

  • Total Income: ₹20,254.38 lakh
  • Net Profit: (₹190.59) lakh
  • Total Comprehensive Income: (₹170.62) lakh
  • Basic EPS: (₹0.62)
  • Diluted EPS: (₹0.62)

Consolidated Balance Sheet (as at 30.09.2026)

  • Total Assets: ₹32,978.30 lakh
  • Total Equity: ₹15,447.70 lakh
  • Non-controlling Interest: ₹37.66 lakh
  • Total Liabilities: ₹17,493.94 lakh

Subsidiary and Associate Companies

The consolidated results include:

  • Hakoba Lifestyle Limited (Subsidiary)
  • Pioneer Realty Limited (Subsidiary)
  • Crystal Lace (India) Limited (Subsidiary) - Interim financial results reviewed by M/s Parag G Shah & Associates
  • Shree Ganesh Integrated Textile Park Private Limited (Associate) - Unaudited interim financial results

Auditor Review

  • Statutory Auditors M/s MBAH & Co conducted limited review of standalone and consolidated financial results
  • Review conducted in accordance with Standard on Review Engagements (SRE) 2410
  • Auditors concluded nothing has come to their attention suggesting material misstatement

Additional Notes

  • Business activity falls within single primary segment 'Textiles' as per Ind AS-108
  • Other Income for quarter ended 30th June, 2026 includes ₹131.72 lakh from profit on disposal of old machineries
  • Other Income for half year ended 30th September, 2026 includes ₹134.56 lakh from profit on disposal of old machineries
  • No employees exercised ESOP options during the quarter
  • Figures for previous periods regrouped/rearranged where necessary