Board Meeting Details

The Board of Directors meeting was held on May 29, 2026, from 10:30 AM to 11:40 AM at the Administrative Office of the Company situated at No.1, Railway Feeder Road, Cholapuram South - 626 139, Rajapalayam (Via).

Key Decisions Approved

1. Approved the Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2026

2. Approved convening of 41st Annual General Meeting (AGM) on Friday, August 21, 2026 at 11:00 AM through Video Conferencing/Other Audio Visual Means

3. Recommended re-appointment of Shri S.R. Subramanian, Director who retires by rotation at the AGM

4. Recommended appointment of Smt. Durga Ramji, Non-Executive Director as Managing Director for 3 years effective May 29, 2026, subject to shareholder approval

5. Recommended appointment of Smt. Shwetha Ramji as Additional Director, subject to shareholder approval

Standalone Financial Performance (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Total Income: ₹5,706.55
  • Revenue from Operations: ₹5,572.99
  • Other Income: ₹133.56
  • Net Profit after tax: ₹50.35
  • Basic EPS: ₹0.50

Annual Performance (FY26)

  • Total Income: ₹22,963.28
  • Revenue from Operations: ₹22,575.52
  • Other Income: ₹387.76
  • Profit before tax: ₹490.99
  • Net Profit after tax: ₹390.04 (compared to ₹267.52 in FY25)
  • Basic EPS: ₹3.90 (₹2.67 in FY25)
  • Other Equity: ₹5,442.46 (₹4,956.60 in FY25)
  • Networth: ₹5,942.46 (₹5,456.60 in FY25)

Consolidated Financial Performance (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Total Income: ₹5,706.55
  • Net Profit after tax: ₹48.91
  • Basic EPS: ₹0.49

Annual Performance (FY26)

  • Total Income: ₹22,952.08
  • Profit before tax: ₹479.79
  • Net Profit after tax: ₹555.62 (₹410.22 in FY25)
  • Basic EPS: ₹5.56 (₹4.10 in FY25)
  • Other Equity: ₹6,461.75 (₹5,810.30 in FY25)
  • Networth: ₹6,961.75 (₹6,310.30 in FY25)
  • Share of Profit of Associates: ₹176.78

Segment Reporting

The company discontinued operations of Textile Division and completely disposed of assets during Q2 FY25. All reported figures pertain entirely to the continuing operations of FIBC division.

Key Financial Metrics

Standalone Balance Sheet (as of March 31, 2026)

  • Total Assets: ₹15,277.75
  • Equity Share Capital: ₹500.00
  • Borrowings (Non-current): ₹2,183.45
  • Borrowings (Current): ₹2,761.91
  • Trade Payables: ₹4,903.94

Standalone Cash Flow (FY26)

  • Cash from Operating Activities: ₹3,239.51
  • Cash used in Investing Activities: ₹(1,226.32)
  • Cash used in Financing Activities: ₹(2,028.59)
  • Net Increase in Cash: ₹(15.40)

Labor Code Implementation Notes

The management disclosed that:

  • Code on Wages, Industrial Relations Code, Code on Social Security, and Occupational Safety, Health and Working Conditions Code became operational from April 1, 2026
  • Central Government has notified rules for all four codes
  • Tamil Nadu state has not yet enforced the code by notifying rules on minimum floor wage
  • Company maintains higher percentage of basic wages (above 50%) for statutory dues
  • Management believes no material changes to existing cost structures necessitating provisioning

Additional Information

  • No previous period figures were re-grouped/restated during the year
  • The financial statements prepared in accordance with Indian Accounting Standards (Ind AS)
  • Mark to Market Loss on Export Forward Contracts of ₹14.96 Lakhs recognized as per Ind AS 109