Board Meeting Details

The Board of Directors meeting commenced at 12:30 PM and concluded at 2:00 PM on August 11, 2026.

Key Decisions Approved

1. Approved Unaudited Financial Results (Standalone) for the quarter ended June 30, 2026

2. Noted the Limited Review Report from Statutory Auditors which contained no qualifications or modified opinion

3. Recommended reappointment of Mr. Vijay Kumar Gupta (DIN: 00335325) as Whole Time Director for a period of three years effective from April 1, 2027 to March 31, 2030, subject to shareholder approval at the forthcoming Annual General Meeting

4. Decided to hold the 47th Annual General Meeting on Friday, September 25, 2026 at 11:45 AM

Financial Results Overview (Standalone, Rs. in Lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹2375.82
  • Other income: ₹0.00
  • Total income: ₹2375.82
  • Total expenses: ₹2593.93
  • Loss before exceptional items and tax: ₹(218.11)
  • Exceptional items: ₹648.05
  • Profit before tax: ₹429.94
  • Tax expense: ₹173.27 (Current tax: ₹67.07, Deferred tax: ₹106.20)
  • Profit for the period: ₹256.67
  • Earnings per share (Basic & Diluted): ₹2.50

Comparative Financials:

  • Previous quarter (March 31, 2026): Profit of ₹144.52 lakh, EPS ₹1.41
  • Corresponding quarter previous year (June 30, 2025): Loss of ₹(18.69) lakh, EPS ₹(0.18)
  • Previous year ended March 31, 2026 (Audited): Loss of ₹(88.77) lakh, EPS ₹(0.87)

Exceptional Items Detail

Current quarter exceptional items of ₹648.05 lakh consist of:

  • Enhanced Principal Compensation: ₹399.82 lakh
  • Interest received on Enhanced Compensation: ₹248.23 lakh

This relates to an award on land acquired by NHAI in FY 2019-20.

Other expenses include ₹65.00 lakh incurred on securing enhanced compensation.

Previous Year Exceptional Items

Previous year ended March 31, 2026 exceptional items of ₹47.82 lakh consist of:

  • Profit on sale of Land & Building: ₹40.33 lakh
  • Write back of revaluation reserve: ₹7.49 lakh

Government Assistance Received

During previous quarter ended March 31, 2026, the company received:

  • Capital subsidy grant of ₹270.98 lakh for acquisition of specific machines for production capacity expansion (deducted from carrying amount of machines)
  • Interest cost reimbursement grant of ₹114.10 lakh on Term Loan (deducted from finance cost)

Business Segment Information

The company is engaged in made-ups of textile business (blankets, etc.) with only one reportable segment as per Ind AS-108. The business is seasonal in nature, and quarterly results are not representative of the whole year.

Management Profile

Mr. Vijay Kumar Gupta has been reappointed as Whole Time Director with extensive experience in accounting and financial management since the company's incorporation. His current tenure ends on March 31, 2027. He is brother of Mr. Daya Kishan Gupta, uncle of Mr. Adeep Gupta & Kapil Gupta, and father of Mr. Ashish Gupta.

Additional Information

The figures for the quarter ended March 31, 2026 are balancing figures between audited full year figures and those published till the third quarter. Previous year/quarter figures have been regrouped wherever required.