Board Meeting Details

The Board of Directors meeting was held on 29th May 2026, commencing at 04:00 PM and concluding at 05:05 PM. The board approved two key items:

1. Audited Standalone Financial Results for the quarter and year ended 31st March, 2026

2. Re-appointment of M/s Midha & Associates (FRN: 041086N) as Internal Auditors for financial year 2026-27

Financial Results Overview (Amount in Lacs)

Quarter Ended 31/03/2026 (Audited):

  • Total Revenue: ₹7304.70
  • Profit Before Tax: ₹392.35
  • Net Profit: ₹333.78
  • EPS (Basic & Diluted): ₹3.46

Year Ended 31/03/2026 (Audited):

  • Total Revenue: ₹25645.60 (compared to ₹29612.62 in previous year)
  • Profit Before Tax: ₹1071.89 (compared to ₹1116.23 in previous year)
  • Net Profit: ₹812.63 (compared to ₹849.97 in previous year)
  • EPS (Basic & Diluted): ₹8.42 (compared to ₹8.81 in previous year)

Revenue Breakdown

Year Ended 31/03/2026:

  • Revenue from Operations (Gross): ₹25537.89
  • Other Income: ₹107.71

Expenses Analysis (Year Ended):

  • Cost of materials consumed: ₹15680.26
  • Employees Benefits Expense: ₹1291.25
  • Finance Costs: ₹647.98
  • Depreciation and Amortisation: ₹647.17
  • Other expenses: ₹7246.19

Balance Sheet Position (as at 31/03/2026)

  • Total Assets: ₹21802.61
  • Total Equity: ₹10602.27
  • Equity Share Capital: ₹965.29 (Face value ₹10 per share)
  • Other Equity: ₹9636.98
  • Non-current liabilities: ₹3387.52
  • Current liabilities: ₹7812.83

Cash Flow Statement (Year Ended 31/03/2026)

  • Net Cash from Operating Activities: ₹2808.13
  • Net Cash used in Investing Activities: ₹-2459.91
  • Net Cash used in Financing Activities: ₹-187.66
  • Net increase in cash: ₹160.56
  • Cash and cash equivalents at year-end: ₹414.66

Key Financial Ratios

  • Paid-up Share Capital: ₹965.29 (unchanged from previous year)
  • Reserves excluding Revaluation Reserve: ₹10602.27 (compared to ₹9789.64 in previous year)

Audit and Compliance Details

The financial results were reviewed by the Audit Committee and approved by the Board. Statutory Auditors M/s Ashwani K Sindwani & Co. (FRN: 021529N) issued an unmodified audit opinion confirming:

  • Compliance with Indian Accounting Standards (Ind AS)
  • Adherence to SEBI Listing Regulations requirements
  • True and fair view of financial position and performance

Business Segment Information

The company operates in one segment - manufacturing of terry towels.

Internal Auditor Re-appointment

M/s Midha & Associates (FRN: 041086N) was re-appointed as Internal Auditors for FY 2026-27, described as a firm with extensive experience in internal audit and internal financial controls reviews.

Additional Documents Submitted

  • Audited Standalone Financial Results
  • Independent Auditor's report with unmodified opinion
  • Declaration for audit report
  • Annexure-A with details of internal auditor appointment